Good day. Consider a pair of STEEM \ BTC, which on many large exchanges can give a good profit
Everything is connected here with the volume, but more on that later ....
On the chart I have designated
-yellow flag: the large volume and shadow of the candle shows us the potential for the continuation of the bull trend
- goal levels
- a triangle with a breakdown
You need to learn to understand the volume of trading and for this it is worth knowing the types:
The vertical volume displays the number of transactions concluded for a certain period of time.
When working with an indicator of horizontal type, interest is displayed in a particular price level.
Cluster analysis of trading volume is called "X-ray candles." It displays the volume that is traded at a specific price during the entire process of forming one candle.
Everything is connected here with the volume, but more on that later ....
On the chart I have designated
-yellow flag: the large volume and shadow of the candle shows us the potential for the continuation of the bull trend
- goal levels
- a triangle with a breakdown
You need to learn to understand the volume of trading and for this it is worth knowing the types:
The vertical volume displays the number of transactions concluded for a certain period of time.
When working with an indicator of horizontal type, interest is displayed in a particular price level.
Cluster analysis of trading volume is called "X-ray candles." It displays the volume that is traded at a specific price during the entire process of forming one candle.
How can this happen:
- The price will go down (possibly to the lower corner of the triangle)
and then up since there will be no ballast