Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An ‘ascending channel’ or a “bullish price channel” is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades between on … [Read more...] about Traders use this classic trading pattern to determine when to ‘buy the dip’
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Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon
The May 28 futures and options expiry could be a turning point for Ether (ETH) as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is set to expire on Friday as most of the action takes place on perpetual and June contracts.One must account for the options expiry as it could present an imbalance of … [Read more...] about Monthly $1.9B Ethereum futures and options expiry will determine if ETH hits $3K soon