Analysis of the depth of the market in the context of Ethereum Classic (etc.)
Cryptocurrencies have been a subject of warm interest in investors and traders in recent years. One of the most popular cryptocurrencies is Ethereum Classic (etc.), an algorithmic rival in the work test (POW) to the consent of Bitcoin work proof. ETC has experienced significant price fluctuations over the years, making it an attractive investment opportunity for those who wish to capitalize on its potential.
What is the analysis of the depth of the market?
Analysis of market depth is a technical analysis tool used to assess volatility and market sensation by analyzing volumes and commercial prices from several sources. It provides information on market liquidity, as well as on the level of purchase and sales activities. By combining data from various exchanges, indices and other sources, market-in-law analysts can create detailed graphics that reveal underlying trends and models.
Analysis of the depth of the market in etc
The market of etc. Has experienced significant prices over the years, which has led to an increase in demand for liquidity. Consequently, the analysis of the depth of the market has become more and more important for traders and investors who wish to navigate in these fluctuations.
To carry out an analysis of the depth of the market on, etc., we can examine different key measures:
* Trading volume : This measures the average amount, etc. exchanged per day. A higher volume of trading in general indicates stronger demand.
* Price range
: The highest and lowest price interval obtained by security for a certain period is known as price range. A closer price range may indicate greater stability, while a wider range can point out greater volatility.
* Volume-volume relation (VVVR) : This metric calculates the relationship between trading volume and value, etc. A higher VVVR generally indicates a stronger market activity.
etc. Table of market depth analysis
The following graph illustrates the analysis of the depth of the market, etc. Using a 30 -day mobile average of its trading volume, price range and volume values ratio (VVVR) in the past five years:
| Date | Trading volume (BTC) | Price range (USD) | VVVRR |
| — | — | — | — |
| January 2017-2020 | 17.419.12 | $ 3.95, $ 1.11 | 2.16 |
| February 2020 to 1922 | 21 434.42 | $ 4.34, $ 1.14 | 1.89 |
As we can see on this graphic designer, the volume of trading of etc. It has increased significantly in the past five years, indicating high demand for liquidity.
Buy and sell a signal
On the basis of the analysis of the depth of the market, there are several signs of purchase and sale that traders should keep in mind:
* SUPERCIADATA Condition : When the price reaches the highest point of the last times and the volume of negotiation is extremely high (greater than 1 million), this could be a sign of overload conditions.
* Condition Undogliout : On the contrary, when the price approaches the lowest point of recent times and the volume of negotiation has decreased considerably (less than 100,000), it could indicate the conditions submitted.
Technical indicators
Here are some technical indicators that can be used to identify purchase and sale signals:
* RSI (Relative resistance index)
: This indicator measures the relationship between income and losses in a certain period. When RSI drops under 30 years of age, it can point out a potential reversal.
* Bollinger Bands : These gangs represent the price range in which the title has historically exchanged. When they are outside their central line, this may indicate greater volatility.
Conclusion
Analysis of market depth is an essential tool for merchants and investors who wish to navigate the complexity of the market, etc. Etc. By analyzing the volume of negotiation, the price range and the volume value ratio (VVVR), we can identify potential purchase and sale signals that can help us make informed investment decisions.
