How to trade Sideways channel?
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Markets are in an upswing in the last couple of days following weaker-than-expected manufacturing activity data, indicating that the U.S. economy is slowing. Traders believe that this could prompt FED to ease up on rate increases, which would be positive for crypto and tech stocks.
In today’s video, Richard places 3 new trades and demonstrates how to trade a Sideways Channel, which is a common pattern these days.
He also shows you how to leverage altFINS platform to find such patterns within the Curated Charts section, which includes a technical analysis on 55 coins. That saves you a ton of time looking for trade setups, identifying patterns, support and resistance areas, etc.
He also reviews his recent trades (KNC, RVN), which remain in place.
Coins covered in the video include ADA, LTC, UNI, EGLD, MKR, and QNT.
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