Hi, friends.
ETH/USD is in the main balance with the range 775-975.
For mid-term up trend this main balance must be goes up (breaks out and hold above 976).
On intraday charts we have a bulls signs, but they are not yet strong enough. The price is above the @POC of February - it's a good sign for bulls. Breaks out of 895-900 will be a positive sign for further growth.
Warning levels 838 and 775. If the price goes down below 838 (@POC of the month) it would be a bad signal for buyers. Level 775 - it's the last support (lower balance level).If the price break down and holds below level 775, with a high probability we will see a fall wave to the levels 625 or even 565.
Glossary of terms
ETH/USD is in the main balance with the range 775-975.
For mid-term up trend this main balance must be goes up (breaks out and hold above 976).
On intraday charts we have a bulls signs, but they are not yet strong enough. The price is above the @POC of February - it's a good sign for bulls. Breaks out of 895-900 will be a positive sign for further growth.
Warning levels 838 and 775. If the price goes down below 838 (@POC of the month) it would be a bad signal for buyers. Level 775 - it's the last support (lower balance level).If the price break down and holds below level 775, with a high probability we will see a fall wave to the levels 625 or even 565.
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.