Trade ETH in Futures Market at CoinDCX
Issued on: 23rd Nov’23
Valid up to 03rd Dec’23
Price Update
ETH price at the time of writing (23rd Nov’23, 14:05) is $2070, with a 24-hour trading volume decreased by 18.58% to $12 billion. ETH price is up by 3.81% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- Considering BTC stability, ETH’s Price action, break of significant levels and indicators suggest a positive outlook.
- A Long Trading strategy can be assessed between $2057 – $2075 with an invalidation below $1999.5
- On the upside, one can see a rise of 15-20% toward $2125, $2322 & $2457
- Risk to Reward Ratio: 1:7 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: ETH is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 25-Oct | LDO | Long | 7.74% | 61.92% | 1.25% |
| 26-Oct | TOMO | Long | -5.79% | -46.32% | -0.67% |
| 26-Oct | DOGE | Long | -5.89% | -47.12% | -3.12% |
| 30-Oct | GRT | Long | -6.05% | -48.37% | -1.55% |
| 6-Nov | ETH | Long | 13.16% | 105.24% | 2.71% |
| 7-Nov | MKR | Short | -4.70% | -37.60% | 6.48% |
| 9-Nov | BCH | Long | -5.24% | -41.94% | -3.78% |
| 10-Nov | LDO | Long | 7.88% | 63.04% | 0.90% |
| 15-Nov | BNB | Long | 6.75% | 6.75% | 2.90% |
| 17-Nov | NEAR | Long | -5.23% | -41.84% | -1.76% |
| 17-Nov | OP | Short | 11.38% | 91.04% | -0.98% |
| 20-Nov | DYDX | Short | 9.26% | 74.08% | -4.09% |
| AVERAGE RETURN | 2% | 16% | -0.1% | ||
| SUCCESS RATE | 50% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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