SQ Block Options Ahead of EarningsIf you haven`t sold SQ before the previous earnings:
Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Signalsprovider
Lingrid | SHIBUSDT +20% potential UPWARD moveThe market broke and closed above the swap level. BINANCE:SHIBUSDT formed a range zone, then broke through it upside. Overall, the price updated higher highs and higher lows on the 1H timeframe. The price is heading toward the resistance zone from the swap level. I think the market might move upward, potentially making +20% because the trend shifted and the market probably bottomed. I expect the price to retest the upper border of the channel and trendline. My target is resistance at 0.00002900
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Lingrid | AUDJPY potential Channel BREAKOUT. LongThe price perfectly fulfills my last idea. FX:AUDJPY fell from resistance, tested the support level, and bounced off it. Currently, the market is in a descending channel, but I think it will break it and go up because the major trend is bullish. Overall, on the 1H timeframe, the price action is in the consolidation zone after a volatile week. I expect a pullback toward the support level, then an upward move by breaking the trendline and downward channel. The breakout of the channel is going to signify the continuation of the bullish trend. My goal is resistance at 102.900
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Lingrid | ETHUSDT potential BREAKOUT of the channelThe price perfectly fulfilled my previous idea. It hit the target level. As we can see, BINANCE:ETHUSDT is moving sideways in the giant range zone. The price took liquidity below the April low, forming a fake breakout of the strong support level. It broke and closed above the key level at 3000. I think the price might pull back to the support level, then move higher and keep making HLs. A breakout of the downward trendline is going to be a bullish sign, and we expect the price to retest the recent March highs. My target is the previous resistance zone at 3350.00
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Lingrid | BITCOIN long from the BOTTOM of the RANGE zoneThe price hit the target level, but at first it went up before falling downward. BINANCE:BTCUSDT is still in the consolidation zone on the daily timeframe. The market is heading towards the support level, which is the fourth approach to the support level. I think that in order to see a real bullish move, the price has to go below the 60000 key level. It is testing the previous monthly lows. The perfect scenario would be if the market forms a fake breakout of the PML. I expect the market to move upward from the bottom of the range. My goal is a resistance zone at 66500.00
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Lingrid | AUDCHF buy at the BOTTOM of the RANGEThe price perfectly fulfills my last idea. The market is moving sideways below the strong resistance zone at 0.6000 after making an impulse move. FX:AUDCHF updated its highs and higher lows; it broke a level that forms a swap zone. The market is basically in a consolidation zone, and it makes sense to buy at the bottom of it. If the market pulls back to the support level and presents an opportunity to buy, then we can go long in anticipation of the further bullish move. I expect growth from the support level because the market is in a in a bullish trend. My goal is the resistance at 0.59900
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Lingrid | EURUSD choppy MARKET. Potential LONGThe market bounced off the support level by taking liquidity below the previous day's lows after news came out. Bears could not push FX:EURUSD lower, meaning that we can expect a deeper pullback upside. The market trend is still bearish on the daily timeframe, and above that, we have strong resistance levels. TVC:DXY made a double top on the daily timeframe and closed with a massive bearish candle, which suggests that it might move to a to a lower level. Another scenario for the market is a sideways move until the NFP. Overall, I expect a choppy market, and if the support level holds, the price may retest previous-week highs. My goal is the resistance at 1.07700
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Alikze »» USDCAD | Head and shoulders patternIn the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it.
💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it can continue to the support level of the correction that an OB has caused the price to jump.
💎 Second scenario: considering that it has left the descending channel, this return can be considered as a pullback to the broken descending channel, but to continue the path, it must break the resistance level and Fibo 61.8 for the target. Otherwise, the first scenario will be likely.
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Alikze »» AUDUSD | Pullback to broken structureIn the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas.
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Lingrid | LINKUSDT Accumulation PHASE. LongBINANCE:LINKUSDT pulled back toward the support level after a bearish impulse move. As we can see, the price is from the range zone. It is currently moving sideways between the bottom and top of the range. I think the price may retest the local high and break out of the channel, which is going to be a bullish sign. Basically, there is accumulation in the 13–15 price zone going on. I expect the trend to continue from the support level and breakout of the downward channel. My goal is resistance zone 15.300
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Lingrid | GOLD pullback to RESISTANCE and FALLThe market went further down from the resistance after news releases. The price responded poorly to the key level at 2300. We did not have a strong upward move, which indicates that bulls are not ready to buy at these levels. On the daily, OANDA:XAUUSD formed an inside bar formation, which can be seen as a triangle pattern in lower timeframes. I think the market might move downward to complete the two-legged pullback I mentioned in my weekly post. I expect the market to continue moving toward lower prices, breaking through the support trendline. My goal is the support level at 2270
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Lingrid | DOGEUSDT monthly DEMAND zoneBINANCE:DOGEUSDT reached the demand zone at 0.120. The market bounced off the support level and made a new high in March. The price has returned to this area. If the price stays above the key support at 0.12, most likely there is buying pressure. From the high price, the market made a -47% correction, which might be a good zone to consider buying. If it breaks and closes above 0.13, there is a high chance the market will retest the upward trendline and channel border. My goal is resistance at 0.15
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻