ETH Ethereum ETF filed by BlackRockIf you haven`t bought the dip on ETH:
Then you need to know that asset management giant BlackRock last Thursday officially filed for a spot ethereum exchange-traded fund (ETF), doubling down on its cryptocurrency bets amid investor optimism about the approval of such investment vehicles!
I`m targeting $2350.
Looking forward to read your opinion about it!
Buy-sell-indicators
DLO DLocal Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of DLO DLocal Limited prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.42.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AVAX Avalanche Buy AreaLooking at the chart, in my opinion, the buy area for AVAX between $7.20 and $10.40 presents a great potential entry opportunity for long term investors.
This range provides a relatively wide margin for investors to consider entering a position in AVAX.
AVAX, the native token of the Avalanche blockchain platform, has shown promising growth and adoption in recent times.
The lower end of the buy area, around $7.20, could be seen as a more attractive entry point for those seeking a potentially lower risk position. On the other hand, the upper end of the range, around $10.40, may offer a higher potential reward for investors willing to take on more risk.
Looking forward to read your opinion about it!
NVAX Novavax Options Ahead of EarningsIf you haven`t bought NVAX during the Covid Pandemic:
Then analyzing the options chain and the chart patterns of NVAX Novavax prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
CGC Canopy Growth Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CGC Canopy Growth Corporation prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.06.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SPOT Spotify Technology Options Ahead of EarningsIf you haven`t sold SPOT here:
Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 155usd strike price in the money Puts with
an expiration date of 2023-11-17,
for a premium of approximately $12.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
V Visa Options Ahead of Earnings If you haven`t sold V Visa ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week,
I would consider purchasing the 230usd strike price Puts with
an expiration date of 22023-11-17,
for a premium of approximately $5.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MTN Vail Resorts Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SOL Solana Price Target| Binance vs SEC Lawsuit|Whales DumpingIf you haven`t sold SOL before the collapse:
Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for SOL Solana is $14.30.
Looking forward to read your opinion about it!
FDS FactSet Research Systems Options Ahead of EarningsIf you haven`t sold FDS here:
Then analyzing the options chain and the chart patterns of FDS FactSet Research Systems prior to the earnings report this week,
I would consider purchasing the 420usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for MATIC Polygon is $0.41.
Looking forward to read your opinion about it.
SOL SOlana Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for SOL Solana is $14.30.
Looking forward to read your opinion about it.
LINK ChainLink Growth Thesis | Trading at 52 week low Chainlink (LINK) is currently displaying a bullish signal as it bounces from its last support level. This price action indicates renewed buying interest and suggests a potential upward movement for the cryptocurrency.
Chainlink (LINK) has established numerous partnerships across the blockchain and cryptocurrency ecosystem. Some notable collaborations include:
Google Cloud: Chainlink partnered with Google Cloud to integrate its oracle services and bring real-world data onto smart contracts deployed on the Google Cloud platform.
SWIFT: Chainlink collaborated with SWIFT, the global provider of secure financial messaging services, to explore how Chainlink's decentralized oracle network can enhance SWIFT's cross-border payments infrastructure.
Oracle: Chainlink has a strategic collaboration with Oracle, a leading provider of enterprise-grade software and cloud solutions. This partnership aims to integrate Chainlink's decentralized oracle technology into Oracle's Blockchain Platform, enabling secure and reliable connectivity between smart contracts and external data sources.
Binance: Chainlink partnered with Binance, one of the largest cryptocurrency exchanges globally, to support the development and growth of the decentralized finance (DeFi) ecosystem. This collaboration aims to provide secure and reliable data feeds to power various DeFi applications on the Binance Smart Chain.
Polkadot: Chainlink has integrated with Polkadot, a multi-chain platform that enables interoperability between different blockchains. This partnership allows Chainlink's oracles to provide off-chain data to smart contracts deployed on the Polkadot network.
Hedera Hashgraph: Chainlink collaborated with Hedera Hashgraph, a decentralized public network, to enable developers to leverage Chainlink's oracles for accessing real-world data on the Hedera network. This integration enhances the security and reliability of smart contracts built on Hedera Hashgraph.
Based on this analysis, there is a potential price target of $8.70 for LINK.
Looking forward to read your opinion about it!
ASTRA Protocol Major Announcement in the next 24hASTRA Protocol on Twitter:
"Astra’s Big announcement is dropping in less than 24 hours, marking a grand achievement for us all!
Stay tuned, and let the countdown begin!
Join us to be a part of the next revolution in Web3!"
The Market Cap of ASTRA is only $2Mil.
Team seems legit, Phil Hogan, the former European Commissioner for Trade, is Executive Advisor at ASTRA.
Hard to believe it will be a buy the rumor sell the news event! What to sell if the market cap is only $2Mil?!
Litecoin LTC potential rally with the Stock MarketCryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
LTC/USDT forecast
Entry Range: $85 - 90
Price Target 1: $96
Price Target 2: $102
Price Target 3: $107
Stop Loss: $75
Solana SOL and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
SOL/USDT
Entry Range: $19 - 21
Take Profit 1: $23
Take Profit 2: $25
Take Profit 3: $27
Stop Loss: $17
Cardano ADA and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
ADA/USDT short
Entry Range: $0.35 - 0.37
Take Profit 1: $0.40
Take Profit 2: $0.43
Take Profit 3: $0.46
Stop Loss: $0.32
MATIC Polygon Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
MATIC/USDT short
Entry Range: $0.95 - 1.10
Take Profit 1: $0.90
Take Profit 2: $0.79
Take Profit 3: $0.63
Stop Loss: $1.26
Cardano ADA Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Cardano ADA:
ADA/USDT short
Entry Range: $0.38 - 0.41
Take Profit 1: $0.34
Take Profit 2: $0.28
Take Profit 3: $0.24
Stop Loss: $0.44
Bitcoin SV BSV prediction for the end of the yearpreviews chart
BSV/USDT short
Entry Range: $44.50 - 46
Price Target 1: $41
Price Target 2: $38
Price Target 3: $35
Stop Loss: $51
Elrond EGLD Bearish SentimentFriday the S&P reached its 52 week low, $3636. There is a strong correlation between the S&P and the crypto world. Many stock investors diversified their portfolio into cryptos, especially in BTC Bitcoin and ETH Ethereum .
With a bearish stock market in the worst month for stocks and cryptos, i expect most of the cryptocurrencies to trade lower this week.
EGLD/USDT short
Entry Range: $47 - 49
Price Target 1: $42
Price Target 2: $39
Price Target 3: $30
Stop Loss: $56
FLOW bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
FLOW/USDT short
Entry Range: $1.79 - 1.85
Take Profit 1: $1.69
Take Profit 2: $1.50
Take Profit 3: $1.10
Stop Loss: $2.35