ETC/USD Volume Analysis Prediction 2/21/2018
Hi, friends.
After a fixing volume ETC/USD shows a correction wave. The price reached level 33.7- it's max volume (@POC) of last mini-balance. To continue the growth, the price must breaks out and holds above 35.5.
But, if the price goes down and breaks down level 32, it will be a fall wave to flat level 26.
Trade recommendations:
Entry point - buy limit 35.6 (after breaks out and holds above).
Stop - 33.10
Target1 - 41.6
Target2 - 42.8
Glossary of terms
After a fixing volume ETC/USD shows a correction wave. The price reached level 33.7- it's max volume (@POC) of last mini-balance. To continue the growth, the price must breaks out and holds above 35.5.
But, if the price goes down and breaks down level 32, it will be a fall wave to flat level 26.
Trade recommendations:
Entry point - buy limit 35.6 (after breaks out and holds above).
Stop - 33.10
Target1 - 41.6
Target2 - 42.8
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Trade closed: stop reached