ETH/USD Volume Analysis Prediction 2/16/2018
Hi, friends.
ETHUSD is still inside the main balance with the range 565-1000.
On intraday charts we have a buy priority, but for mid-term up trend the price needs to break out 1000.
Trade recommendation:
Entry point:
Level 910 (conservative)
Level 925 (aggressive)
Stop: 899
Target1: 999
Target2: 1050
Target3: 1250
Glossary of terms
ETHUSD is still inside the main balance with the range 565-1000.
On intraday charts we have a buy priority, but for mid-term up trend the price needs to break out 1000.
Trade recommendation:
Entry point:
Level 910 (conservative)
Level 925 (aggressive)
Stop: 899
Target1: 999
Target2: 1050
Target3: 1250
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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