ETH/USD Volume Analysis Prediction 2/22/2018

ETH/USD Volume Analysis Prediction 2/22/2018

Ethereum / Dollar

Hi, friends.
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 support zone 565-627).

Trade recommendations:
Entry point: 777 (Buy limit)
Stop: 720
Target1: 905
Target2: 929

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.

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