... for a 1.13 credit. Comments: I'm fairly certain that I'm going to be assigned on my January 17th 26 short put, so am going out to October to sell a spread with the short leg at the 26 strike that pays at least 1.00. The reason I do this (sell a call for at least 1.00), is that this enables me to roll the short call down a strike by 1.00 without giving up profit potential if I need to. The 26 short call aspect of this spread will become the short call aspect of an October 17th 26 covered call, with the covered call setup having a break even of the strike at which I was assigned (26) minus the 1.13 in credit I got paid for this spread or 24.87. Because I haven't been assigned shares yet and short calls are generally verboten in a cash secured account like an IRA, I've had to pay a few bones (.05 to be exact), to define the risk of the short call. I also had to pay a debit that is equal to the width of the spread (19.00) minus the credit received of 1.13 or 17.87 for the spread. I'm fine with this, since this buying power will eventually free up when I get assigned. Naturally, the October expiry is extremely long-dated. I'm fine with this here, since EWZ pays a fairly decent dividend, albeit only in June and December.
Hey there, traders! I’ve been keeping a close eye on the options market lately, and I can’t help but notice a growing trend: traders are actively betting against the further strengthening of the U.S. dollar against the Japanese yen. In other words, forecasting a potential strengthening of the Yen. Over the past 2-3 weeks, we’ve seen a significant buildup of volume in vertical spreads, primarily targeting this currency pair. But let’s take a moment to look at the bigger picture here. Since December 20, 2024, the dollar index has climbed by 1.6%, and in the first few days of the new year, the dollar’s momentum has even picked up speed. However, if you take a closer look at the Dollar/Yen pair, you’ll see something interesting: there’s no sign of growth. In fact, the quotes are just “chopping” around in a tight range, resisting any further weakening of the yen. Right now, the quotes are still above the average long position of retail traders (open source data), and the bulls seem to be feeling pretty good. But beneath the surface, there are processes at play that are starting to show signs. Conclusion/ The current situation in the options market and the graphical behavior of the dollar/yen pair suggest that changes in trend may be on the horizon. Traders should stay alert to these signals and be prepared for potential volatility/decline in the near future. But please don't rush! Happy trading!
Hey Tradingview community, I hope you guys enjoyed your holidays. Now let's heading to the charts. From my point of view, Bitcoin is still bullish until 88k is broken. The chart above is explaining how bitcoin was touching the black line which is the upward resistance and trending below it. If history repeats, Bitcoin would hit 125k by march 2025 I'll keep you guys posted if I see anything in the future. Thanks for your time. Check out our new Telegram Channel https://t.me/NhestTrading
GBPJPY looks like a sell on the D1 and has been moving steadily down from the last entry we took. We are looking for a nice slide downward movement with key levels I marked on the chart. Last few patterns that have played out created a double top and a clear indication of an M formation to complete the full double bottom. I would like to see levels 192, 188, and 183 touch for a long term swing trade period, however, you are able to close when you wish to do so. Please be advised to use cautionary risk/reward ratios and what suits you best. If you have any questions, please feel free to message me as I love to answer questions! Thanks! Happy New Years to all! We are officially BACK! ENTRY: 195.284 (can enter in these levels) TP 1 (Day Trade): 192.020 TP 2 (Swing Trade): 188.006 TP 3: (extended swing trade) 183.762 SL: 50 Pips from entry Please message me if you have any questions! Please enjoy your day and be sure to follow our page!
Cardano (ADA) has recently demonstrated a strong bullish trend, surging past its 100-day Simple Moving Average (SMA) and fueling optimism among investors. This move signals a potential shift in momentum, with bulls now setting their sights on the $1.26 price target. This article delves into the significance of this breakout, the factors driving Cardano's resurgence, and the potential challenges that lie ahead. Understanding the Significance of the 100-Day SMA The 100-day SMA is a widely used technical indicator in financial markets, representing the average price of an asset over the past 100 days. It serves as a crucial trend indicator, helping traders and investors identify the overall direction of an asset's price movement. When an asset's price crosses above its 100-day SMA, it is often seen as a bullish signal, suggesting that the asset is gaining positive momentum and may continue to rise in value. Conversely, a drop below the 100-day SMA is typically considered a bearish signal. Cardano's recent breach of this key indicator is, therefore, a significant development, indicating a potential shift from a bearish or sideways trend to a more bullish outlook. Factors Driving Cardano's Resurgence Several factors appear to be contributing to Cardano's recent price surge: 1. Increased Network Activity: Cardano has seen a significant increase in network activity in recent months, with a growing number of projects building on its blockchain and a rise in transaction volume. This increased adoption and usage is a positive sign for the long-term health of the Cardano ecosystem. 2. Positive Developments and Upgrades: The Cardano development team has been actively working on improving the network, with several successful upgrades and developments implemented recently. These improvements enhance the network's scalability, security, and functionality, making it more attractive to developers and users. 3. Growing Institutional Interest: Cardano has also been attracting growing interest from institutional investors, with several major players expressing support for the project. This institutional backing provides further validation for Cardano's potential and can contribute to increased investment and adoption. 4. Overall Market Sentiment: The broader cryptocurrency market has also been experiencing a period of positive momentum, with Bitcoin and other major cryptocurrencies showing strong gains. This positive market sentiment can spill over on altcoins like Cardano, contributing to their price appreciation. Potential Challenges and Resistance Levels While the recent breakout above the 100-day SMA is a positive sign for Cardano, it is important to acknowledge that challenges and resistance levels may still lie ahead. The $1.26 price target represents a key resistance level, and Cardano may face some resistance at this point. If the bulls can successfully push through this level, it could pave the way for further gains. Additionally, the cryptocurrency market is known for its volatility, and sudden price swings are always possible. Investors must remain cautious and not get carried away by short-term price movements. Conclusion Cardano's recent rally above its 100-day SMA is a significant development, signaling a potential shift in momentum and fueling bullish optimism. The factors driving this resurgence include increased network activity, positive developments and upgrades, growing institutional interest, and overall market sentiment. While challenges and resistance levels may still exist, the current trend suggests that Cardano is well-positioned for further growth. Investors and enthusiasts will be closely watching to see if the bulls can maintain this momentum and push Cardano towards the $1.26 target and beyond.
#MATIC made a huge 5 waves correction structure like ABCDE this can cause the market rise alot and hit the highest ath and even higher !
BTC and the broader crypto market are pumping today. Meanwhile TradFi markets hopeful that the first week of the year will define the trend for the year are fighting for a green Weekly close. Markets could get a tailwind if Congress can solidify Speaker of the House before today's close, but early reports for that to happen in the next 2.5 hours aren’t favorable for Mike Johnson.
Summary Fantom (FTM/USDT) is trading within a consolidation range between $0.6639 (support) and $1.0559 (resistance). Technical indicators suggest the potential for a significant breakout in either direction. Here's a detailed probability-based analysis of what might happen next. Key Insights Current Price Action: FTM is consolidating near the mid-zone of its range. Current price sits around $0.83, closer to support than resistance, indicating cautious sentiment. Support and Resistance: Support: $0.6639 – A strong demand zone tested multiple times. Resistance: $1.0559 – A key psychological and technical barrier. Technical Indicators: MACD: Shows bearish momentum, but signs of narrowing suggest potential for reversal. Stochastic RSI: Near overbought levels (~0.8078), cautioning against overextension. ADX: At 45.53, indicating a strong prevailing trend, currently bearish. Breakout Probabilities: Bearish Breakdown (Below $0.6639): ~65% Strong bearish momentum backed by directional indicators. Downside targets could include $0.55 or lower. Bullish Breakout (Above $1.0559): ~35% Requires reversal in momentum and increased volume. Upside targets could reach $1.20 or more. Conclusion: FTM is currently in a consolidation phase, with bearish probabilities outweighing bullish ones. Traders should monitor: A breakout above $1.0559 for a bullish confirmation, targeting $1.20 or higher. A breakdown below $0.6639 for a bearish continuation, with potential to test $0.55 or lower. Risk Management: Consolidation zones often precede high volatility. Ensure stops are placed strategically and manage exposure based on risk tolerance.
SOL/USDT chart has recently broken out of a descending trendline, signaling a strong bullish reversal. The price has reclaimed a key support zone around the $205-$210, which previously acted as a significant resistance level, further validating the breakout. DYOR, NFA
? Overview: Carnival Corporation is showing promising uptrend momentum, backed by strong technical indicators and improving fundamentals. The current price of $26.00 places it at a pivotal zone, suggesting potential upside targets. ? Key Technical Insights: Higher Highs and Higher Lows: The stock is maintaining an uptrend structure with sequential higher highs and higher lows. This trend aligns with bullish continuation patterns. Breakout Potential: $30.44 is a critical resistance level. A breakout here could confirm further upward momentum. Fibonacci Levels: Target zones based on Fibonacci extensions: $36.94 (0.618 level) $44.99 (1.0 level) $58.00 (1.618 level) Support Zone: Immediate support rests at $23.93 and $20.93, providing a safety net for pullbacks. ? Fundamental Drivers: Demand Surge: Strong rebound in the travel and cruise industry post-pandemic is boosting revenue. High occupancy rates and forward bookings signal robust demand. Improved Financial Health: Carnival’s cost-cutting initiatives and debt reduction strategies are yielding results. Positive cash flow trends indicate financial stability. Macro Tailwinds: Lower energy costs and increased consumer spending power support the leisure sector. ? Trade Setup: Entry Zone: $25.00 - $26.00 Stop-Loss: Below $23.93 Take-Profit Targets: Short-term: $36.94 Medium-term: $44.99 Long-term: $58.00 ? Summary: CCL presents a bullish opportunity driven by technical alignment and fundamental improvements. A breakout above $30.44 could accelerate gains toward the defined targets. However, traders should monitor key levels for confirmation. ⚠️ Disclaimer: This post is for educational purposes only and does not constitute financial advice. Always perform your own analysis before trading. Past performance is not indicative of future results. ?