Analyzing the options chain and the chart patterns of VRNT Verint Systems prior to the earnings report this week, I would consider purchasing the 30usd strike price Puts with an expiration date of 2024-5-17, for a premium of approximately $1.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Friday 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...
September has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. Celsius CEL has a negative overall...
XRP/USDT Entry Range: $0.33 - 0.36 Take Profit 1: $0.43 Take Profit 2: $0.50 Take Profit 3: $0.57 Stop Loss: $0.29
SAND/USDT Entry Range: $1.29 - 1.38 Take Profit 1: $1.70 Take Profit 2: $2.00 Take Profit 3: $2.40 Stop Loss: $1.05
MANA/USDT Entry Range: $1.00 - 1.13 Take Profit 1: $1.30 Take Profit 2: $1.52 Take Profit 3: $1.73 Stop Loss: $0.84
FLOW/USDT short Entry Range: $2.55 - 2.71 Take Profit 1: $2.00 Take Profit 2: $1.50 Take Profit 3: $1.10 Stop Loss: $3.35
EOS/USDT Entry Range: $2.18 - 2.44 Take Profit 1: $2.95 Take Profit 2: $3.48 Take Profit 3: $4.85 Stop Loss: $2.05
MANA/USDT short Entry Range: $2.20 - 2.44 Take Profit 1: $2.10 Take Profit 2: $1.60 Take Profit 3: $1.15 Stop Loss: $2.66
But the CYBER ENSEMBLE indicator still works the best on the 3hrly for BTC (or 2/4 hrs depending on market phases -- just do a comparative back-test for maximum confluence of recent price actions/trends ); where the more erratic price movements during low liquidity phases tends to be averaged/smoothened out. See: However, it is sometimes useful to go down...