large move is coming

in #leofinance5 years ago

There is one way i like to check if volatility is coming. While some people like to look at bollinger band to see if volatility is coming, I tend to look closely to the price action and volume. We can see the recent price action of ETH, the range has been trade bounced between 123-135, which is considered very slow in terms of crypto standard. The volume is also very much reduced, implying that there is no buyer or seller involve in this level. The price action look very much like from the previous up trend where there volatility compressed and once it breaks the key level, then price moves up as well.

All being said, this could also move downside as well. We should look closely which side it may break through soon.

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