- Markets
- News
- Analysis
- Trading Tools
- Blog
- Education
- About us
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Popular Articles
Oil prices surge by over 2% as Trump vows ‘there won’t be anything left of Iran’
1779075822
Crypto Overview: Bitcoin loses $77,000, triggering $600 million in liquidations – QNT, BCH lead decline
1779075713
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC falls to key support, ETH and XRP remain under pressure
1779075188
Popular Articles
Popular Analysis
Popular Analysis
Popular Analysis
Popular Analysis
Popular Analysis
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Top Blog Posts
Beginners
Long position VS. short position: Which one is better?
In the world of trading, understanding the concepts of long and short positions is crucial for making informed decisions. A long position involves buying an asset with the expectation that its value will rise, while a short position entails selling an asset you don't own, betting that its price will fall.
How to Choose an Online Trading Platform
Selecting a trading platform is one of the most critical decisions for any trader. But how do you ensure you're choosing one that's regulated, cost-effective, and easy to use? Understanding the key criteria can set you up for success.
What is Leverage in Financial Trading?
Leverage is a fundamental concept in financial trading,allowing traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, leverage also significantly increases the risk of losses, making it a powerful but double-edged sword.
Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
2021
Best News & Analysis Provider
FxDailyInfo
2022
Best Forex Educational Resources Global
International Business Magazine
Ethereum Intraday: the RSI is oversold
Ethereum (ETH/USD)
-68.82-3.15%
the downside prevails as long as 2147 is resistance.
2147 is our pivot point.
Our preference: the downside prevails as long as 2147 is resistance.
Alternative scenario: the upside breakout of 2147, would call for 2185 and 2208.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2164 and 2177).
Supports and resistances:
2208 **
2185 *
2147 **
2116 last
2069
2046 **
2023 *
Our preference: the downside prevails as long as 2147 is resistance.
Alternative scenario: the upside breakout of 2147, would call for 2185 and 2208.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2164 and 2177).
Supports and resistances:
2208 **
2185 *
2147 **
2116 last
2069
2046 **
2023 *
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
