I originally entered an SPY Covered Call to experience chasing an ITM call higher in SPY. Originally buying SPY at $521.59 and selling 500 call was for max protection against any near term drops. The original Max gain of $2.85/share translated into 0.18% gain per week against the $497.15 cash capital required to take the trade. Currently, with two dividends distributed, the trade is surprisingly still a 0.17% per week max gain trade, which translates to 8.86% per year. SPY would fall almost 12% by 2/28/25 and I still make max gain of .17% per week. And a 17% fall in SPY would be required to wipe out all gains for this trade.
The Silver (XAG/USD) has reacted off the pivot and could potentially rise to the 1st resistance which acts as a pullback resistance. Pivot: 30.06 1st Support: 27.99 1st Resistance: 32.49 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The Gold (XAU/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 2,666.69 1st Support: 2,529.22 1st Support: 2,529.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish signs to drop to 0.52'ish. M-top and Bearish Pennant indicate a drop to mid-30c (worst case scenario)
Targets and stop loss on chart. Follow money management and use trail stop loss. OANDA:USDCAD
Building on yesterday's idea where I analyzed short-term price action on the daily time frame, the weekly candle closure now adds more weight to a bearish bias. Weekly Analysis: The weekly candle has closed with a sharp rejection just shy of the 1.618 Fibonacci level, indicating a failure to sustain bullish momentum. Momentum Indicators: RSI: Overbought at 96.1, highlighting that price may have peaked. Stochastic RSI: Sitting at 97.1, with the K line crossing over the D line, signaling waning bullish momentum (or simply put, fewer buyers willing to step in at these elevated levels). Rate of Change (ROC): At 366, now in decline, further evidencing buyers' momentum weakening, as fewer participants are actively buying at current prices. Summary: With the weekly close behind us, it is always important to zoom out. Higher time frames give significant weight to overall direction. The signs of a bearish correction are becoming more evident. Whether the correction unfolds over the next few days or extends into weeks, the momentum is clearly shifting. Keep an eye on key support levels and confirmation signals for potential short entries in the $1.89-$1.61 range as the correction plays out.
The price is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.6421 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6455 Why we like it: There is an overlap resistance level. Take profit: 0.6372 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
What is Dragonchain (DRGN) and How Big Could It Get? Greetings, crypto enthusiasts! It’s your guy, Lord MEDZ, here to shine some light on a unique blockchain project—Dragonchain (DRGN). If you’re looking for a blockchain with real-world use cases and serious potential, this might just be it. What is Dragonchain? Dragonchain (DRGN) is a hybrid blockchain platform designed to meet the needs of businesses, enterprises, and developers. It was originally created by The Walt Disney Company in 2014 (yes, Disney was ahead of the game!) and open-sourced in 2016. Dragonchain stands out because of its Interchain™ technology, which allows it to connect seamlessly with other blockchains like Bitcoin, Ethereum, and Binance Chain. It can also integrate with legacy systems, APIs, IoT devices, and more. Developers love it because it supports nearly every programming language, making it incredibly versatile for building decentralized applications. Not just a tech showcase, Dragonchain is being used in real-world applications like supply chain management, decentralized identity (Dragon Factor), and even social media (Den). During the COVID-19 pandemic, Dragonchain solutions were used in a healthcare project for the City of Apopka. What Price Does DRGN Need to Hit a $1 Billion Market Cap? Currently, DRGN is priced at $0.07203 (as of now) with a market cap of $26.71 million. To reach a $1 billion market cap, the price would need to rise to about $2.70 per token. How Big of a Move Is That? From its current price, DRGN would need to jump by an incredible 3,647.6% to reach that $1 billion milestone. That’s more than 36x from where it is now! Ambitious? Yes. Impossible? Not in the world of crypto. Final Thoughts from Lord MEDZ Dragonchain is a unique project with a solid foundation and exciting use cases. While it’s still flying under the radar compared to some other blockchains, its potential to grow is massive. Hitting a $1 billion market cap might seem like a long shot, but in the fast-paced world of crypto, anything is possible. As always, this isn’t financial advice. I, Lord MEDZ, proudly own DRGN tokens, so I’m definitely rooting for this project. That said, do your own research and invest only what you’re willing to lose. The crypto market can be unpredictable, but the rewards can be extraordinary. Disclaimer: Lord MEDZ owns DRGN. This is NOT financial advice. Always invest responsibly and stay informed!
Explosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the speed of economic recovery. Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning. The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak This is based on an analysis of the international situation, and it represents a long-term strategic outlook. Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
This chart illustrates the weekly price action of the KAS/USDT pair, showcasing a defined trend with both a green support curve and a red resistance curve, forming a parabolic pattern. Here's a detailed breakdown of the analysis and prediction: Observations : Parabolic Structure: The green line represents the parabolic support, where the price has consistently rebounded during corrections, signaling a strong bullish trend. The red line, on the other hand, serves as resistance, capping the upward momentum. Current Price Context: The price is trading at $0.18783 (as per the last candle), just above the parabolic support. A potential breakout above the $0.30821 resistance level is highlighted as a target, suggesting a 64.56% move in approximately 49 days (January 19, 2025). Historical Behavior: The price has respected the parabolic levels in the past, indicating that these curves are reliable for assessing future movements. Momentum and Volume: Momentum appears to be building, as seen by the tight price action close to the parabolic support. Prediction and Trade Plan: Bullish Scenario: If the price holds the green support line and the weekly candle closes positively, a rally toward the $0.30821 target is likely. The predicted move represents a 64.56% upside from the current level. Traders can consider this as the Take Profit (TP) zone. Stop Loss (SL): Place a stop loss just below the green support line, around $0.170, to limit downside risk in case the parabolic support fails. Risk-Reward Ratio: Entry : ~$0.18783. Stop Loss : $0.170 (-9.5% risk). Target : $0.30821 (+64.56% reward). Risk-to-reward ratio : ~6.8:1, which is favorable. Potential Risks: A break below the parabolic support would invalidate the bullish thesis and could signal a trend reversal. Macro factors like market sentiment or news specific to KAS (Kaspa) could impact the trend. Key Recommendations: Monitor weekly closes to confirm the integrity of the parabolic trend. Be vigilant about sudden spikes in volume, which could indicate either a breakout or breakdown. This plan caters to traders looking for a mid-term swing trade with a defined target and controlled risk.