Analysis of Moves Using Volume Trend Analysis (ETHUSD Hourly)
This is the recent chart showing the fairly decent signals given by our Volume Trend Advisor which automatically provides proper Volume Trend Analysis for our charts on Trading View. ETHUSD is what we are looking at here. Other charts look essentially the same in terms of correctly identifying the weakness overnight. I'll post up BTC as well in a bit and some Forex charts too as we saw some incredible signals on EURUSD, GBPUSD, NZDUSD etc.
On this ETHUSD chart you can see the weakness indication (Red square) prior to the large drop and the subsequent strength indication at the bottom (Green square) Target would normally be likely stall point at 487.00 but I generally don't trade weekends, so no trade for me. Volume tends to be unreliable from Friday to Monday.
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.
On this ETHUSD chart you can see the weakness indication (Red square) prior to the large drop and the subsequent strength indication at the bottom (Green square) Target would normally be likely stall point at 487.00 but I generally don't trade weekends, so no trade for me. Volume tends to be unreliable from Friday to Monday.
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.