ETH/USD Volume Analysis Prediction 2/22/2018
ETH/USD is still in a wide balance with range 565-995.
If the price break down and holds below level 775 (middle of the main-balance),
with a high probability we will see a fall wave to lower main-balance level (main 565-627).
Entry point: 777 (Buy limit)
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded .
- Value Area (V A) – The range of price levels in which a specified percentage of all 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.