Crypto Mountains

💎 BUY #INJ/USDT #LONG ✅ Entry: 6.05-5.90 ☑️Targets : 6.12, 6.20, 6.30, 6.45, 6.60, 6.80 🚫Stoploss: 5.75 Leverage : Cross 25x

Friends, today there were questions about the correlation, so here it is: Correlation is how two things are related. If we are talking about Bitcoin (BTC) and Ethereum (ETH), then the correlation will show how a change in the price of one affects the price of the other. 🗣The 30-day running correlation is just a way to see how this relationship has performed in the last 30 days. ✅ If the correlation is positive (closer to 1), it means that when Bitcoin goes up, Ethereum usually goes up as well. If it is negative (closer to -1), it means that when Bitcoin goes up, Ethereum usually goes down. If the correlation is zero, it means that the price of Bitcoin does not affect the price of Ethereum.

#TomoChain price has reached the important resistance of $0.978-$1.060 and has formed a strong negative divergence with the RSI indicator. There is a possibility that the price will drop to $0.66 if it can break the dynamic support.

🚨 Important Update: Futures Open Interest with Crypto-margined collateral at historic lows 💪 Health of derivative collateral structure vastly improved over last 2 years 💰 Traders and investors using more stable collateral for futures contracts 📈 Positive sign for cryptocurrency market maturity and stability 👀 Keep an eye on this development for future updates!