NEAR Protocol Price TargetWith the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for NEAR Protocol is the next resistance, $3.40.
Buy-sell
O Realty Income Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of O Realty Income Corporation prior to the earnings report this week,
I would consider purchasing the 50usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.53.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gbpusd Buy Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated. there is still a large amount of liquidity past 1.26090 an a unmitigated supply zone at 1.27730. i expected price to retrace to the 15m choch ob and to grab liquidity to fuel its upward movement.
ASTRA Protocol | A small Crypto GEM ? ASTRA cryptocurrency offers cutting-edge compliance solutions, Safeguards the online experience, and it`s tailored for Web3, marketplaces, gaming & more.
ASTRA is currently operating in over 150 countries.
Former EU Commissioner for Trade, Phil Hogan, has taken on the role of Executive Advisor for ASTRA Protocol.
Mick Mulvaney, former White House Chief of Staff is also in the team.
ASTRA Mk cap is only $1.37Mil
Looking at the chart, I see a bullish reversal from the falling wedge.
My first price target is $0.0064
Seems like a crypto Gem!
Not trading advice, of course.
ANET Arista Networks Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ANET Arista Networks prior to the earnings report this week,
I would consider purchasing the 280usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $18.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
GT The Goodyear Tire & Rubber Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GT The Goodyear Tire & Rubber Company prior to the earnings report this week,
I would consider purchasing the 13usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $0.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ALB Albemarle Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ALB Albemarle Corporation prior to the earnings report this week,
I would consider purchasing the 110usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $3.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Probably it`s the last dip before the reversal.
EPIK Price TargetIf you haven`t bought the dip on EPIK:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for EPIK Coin is the next resistance, $0.62.
ATOM Cosmos Price TargetIf you haven`t sold ATOM on the bearish pennant:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for ATOM Cosmos is the next resistance, $11.50.
The Advantage of a Quick Exit: MACD Crossover StrategyIn the tumultuous world of trading, the quest for a strategy that consistently yields high returns is the Holy Grail. The MACD Crossover Strategy, as demonstrated in the provided chart, showcases a compelling approach: maintain a low profitable rate but achieve a high net profit by exiting trades quickly to minimize losses.
The Strategy at a Glance
This strategy utilizes the Moving Average Convergence Divergence (MACD) alongside a Weighted Moving Average (WMA) as the main indicators for trade entry and exit points. The conditions for buying and selling are set as follows:
Buy Condition: A buy signal is generated when the MACD line crosses over the signal line, and the close price is above the WMA line.
Sell Condition: A sell signal occurs when the MACD line crosses under the signal line.
The simplicity of these conditions allows for quick decision-making and the execution of trades, which is crucial for the strategy's success.
Low Profit Rate with High Net Gains
The provided performance summary reveals a profitable rate of only 35.92%. This percentage might seem unappealing at first glance. However, the net profit tells a different story, boasting a substantial gain of 632.15%. This disparity is due to the strategy's core principle: cut losses quickly and let profits run, albeit for a short time.
The Power of Quick Exits
The success of this strategy hinges on the swift exit from losing trades. The average trade gain is a modest $20.46, and the average number of bars in trades stands at 4, indicating a rapid turnover rate for positions. By exiting losing positions promptly, the strategy ensures that any one loss does not significantly impact the overall capital.
Moreover, the strategy shows a max drawdown of 37.15%, which is an acceptable risk for many traders considering the high net return. The Profit Factor of 2.675 illustrates that the total profits are over two and a half times the size of the total losses.
Implementing the Strategy
To implement this strategy effectively, a trader needs to:
Set precise conditions for entry and exit points. The conditions should be based on clear indicators and should not be subject to interpretation to allow for quick decision-making.
Employ a disciplined approach to trade execution. Once a sell condition is met, the position must be closed immediately, without second-guessing.
Accept the win rate. Not every trade will be profitable, and that's part of the strategy. The focus should be on the overall profitability, not the outcome of individual trades.
Monitor the trades closely. Due to the fast-paced nature of the strategy, it is vital to keep a close eye on market movements and execute trades as soon as conditions are met.
Conclusion
The MACD Crossover Strategy is a testament to the fact that a high win rate is not the sole indicator of a profitable trading approach. By accepting more losses and swiftly minimizing them, a trader can still come out significantly ahead. This strategy requires discipline and a cool head to execute quickly, but for those who master it, the rewards can be substantial.
CHGG Chegg Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CHGG Chegg prior to the earnings report this week,
I would consider purchasing the 10usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $1.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ETH Ethereum Potential Rally Soon!Remember when I told you the crypto market, especially Bitcoin, is an index on steroids?
Well, I think the Ethereum sell-off has come to an end, after reaching its price target:
And I expect Ethereum to follow the major indices that are now at all time high!
Potential Double Top soon, in my opinion!
PLTR Palantir Technologies Options Ahead of EarningsIf you haven`t bought PLTR ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of PLTR Palantir Technologies prior to the earnings report this week,
I would consider purchasing the 19usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $0.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
USB U.S. Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
LINK Chainlink Aiming for a Triple TOPIf you haven't bought LINK's Perfect dip mentioned in the last article here (52 week low!):
Then you need to know that with the stock market at an all-time high, I anticipate crypto assets to follow suit.
In this scenario, considering Chainlink`s chart as well, I think that we are heading for a triple top formation, with a price target of $17.60, before a correction.
VOD Vodafone Group at 2010 Price Level | Potential Breakout SoonLast week, Microsoft (MSFT) initiated a 10-year strategic partnership with Vodafone (VOD) aimed at leveraging their respective strengths to create new digital and financial services tailored for businesses, particularly small and medium-sized enterprises (SMEs) across Europe and Africa.
The collaboration involves the utilization of Microsoft's generative artificial intelligence (AI) to enhance Vodafone's customer experience, with the goal of delivering a more personalized and differentiated service through various channels.
The partnership seeks to expand and improve Vodafone's managed Internet of Things (IoT) connectivity platform, aiming to scale up the telecommunication company's IoT platform by connecting more devices, vehicles, and machines.
In recent news concerning VOD, Deputy Prime Minister Oliver Dowden intervened following the involvement of e&, the UAE’s state-controlled telecoms provider (Etisalat), which became Vodafone’s largest shareholder last year by acquiring a 14.6% stake.
As part of Etisalat's arrangement with Vodafone, CEO Hatem Dowidar was granted a seat on the board, with the option to nominate a second non-executive director if the stake increases beyond 20%. This suggests the possibility of Etisalat increasing its ownership in VOD from 14.6% to 20%.
In summary, it appears that Etisalat is inclined to boost its ownership in VOD from 14.6% to 20%.
As a result, my price target for VOD is $15.
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t bought the dip on CVX:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $9.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AMD Advanced Micro Devices Options Ahead of EarningsAnalyzing the options chain and the chart patterns of AMD Advanced Micro Devices prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-2-2,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EA Electronic Arts Options Ahead of EarningsEA still in line to reach its March Strike Price:
Now analyzing the options chain and the chart patterns of EA Electronic Arts prior to the earnings report this week,
I would consider purchasing the 143usd strike price at the money Calls with
an expiration date of 2024-2-2,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WDC Western Digital Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WDC Western Digital Corporation prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price at the money Calls with
an expiration date of 2024-4-19,
for a premium of approximately $4.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.