Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on March 31, 2021, 12:51:33 AM
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Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network.
Considering that Ether is currently trading at $1,810, any outcome between $1,790 and $2,545 (up 40.6%) yields a net gain. For example, a 15% price increase to $2,080 results in a 1.2 ETH net gain, or $2,500.
Meanwhile, this strategy's maximum loss is 1.04 ETH, which will happen if the price on April 30 is below $1,600 (down 12%) or above $2,545.
The Iron Condor strategy allure is the potential 1.2 ETH gain while losses are limited below $1,600 at expiry.
Overall this conservative strategy yields a much better risk-reward compared to leveraged futures trading because of the limited downside. The upfront cost (deposit) is 1.04 ETH, and this also refle. Source (https://cryptonews.net/506026/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)