ETHUSD Volume Analysis Prediction 2/6/2018
ETHUSD shows the same pictures as BTCUSD.
A new balance is being formed (570-760). But market is still bear, we do not exclude another wave of falling.
For mid-term reverse ETH need to accumulate large volume and break up the balance.
For now you can open buy positions only from a good supports level and with a short-term targets and only intraday.
Glossary of terms
A new balance is being formed (570-760). But market is still bear, we do not exclude another wave of falling.
For mid-term reverse ETH need to accumulate large volume and break up the balance.
For now you can open buy positions only from a good supports level and with a short-term targets and only intraday.
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.