Hi, friends.
ETH shows signs of weakness.
If the price break down and holds below level 775, with a high probability we will see a fall wave to 710 or even lower to 600-625.
There is no increase volume at the levels 775-780, so the situation for a possible breakdown for now.
But if false break down happens and the price will return back (above 775-780) into the mini-balance it would be a good signal for buy.
Glossary of terms
ETH shows signs of weakness.
If the price break down and holds below level 775, with a high probability we will see a fall wave to 710 or even lower to 600-625.
There is no increase volume at the levels 775-780, so the situation for a possible breakdown for now.
But if false break down happens and the price will return back (above 775-780) into the mini-balance it would be a good signal for buy.
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.