$ALT -hour open interest rose 22.39%, while the price climbed 6.03%.
When price and open interest rise together, longs are more active; when price falls as open interest rises, bears are taking the initiative. When the price stays flat while open interest rises, the market is often gearing up for a big move.
Structurally, this move should be assessed alongside the daily chart; anomalies on shorter timeframes are often corrected.
#ALT
When price and open interest rise together, longs are more active; when price falls as open interest rises, bears are taking the initiative. When the price stays flat while open interest rises, the market is often gearing up for a big move.
Structurally, this move should be assessed alongside the daily chart; anomalies on shorter timeframes are often corrected.
#ALT