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Market depth analysis in the Ethereum Classic context (etc.)
In recent years, cryptocurrency has been a hot topic of interest for both investors and traders. One of the most popular cryptocurrencies is Ethereum Classic (ETC), Proven Work (POW) algorithmic rival Bitcoin CONPORT Consent algorithm. Over the years, ETC has experienced significant price fluctuations, making it an attractive contribution to those who want to benefit from its potential.
What is Market Depth Analysis?
Market depth analysis is a technical analysis tool used to assess market volatility and mood by analyzing trade volumes and prices from several sources. It provides an insight into the market for liquidity as well as the level of purchase and sale. By combining data from various exchanges, indices and other sources, market depth analysts can create detailed charts that reveal the underlying trends and patterns.
Market depth analysis, etc.
Over the years, the ETC has undergone significant price fluctuations, resulting in increased liquidity demand. As a result, market depth analysis has become increasingly important for merchants and investors who want to move in these fluctuations.
To perform market depth analysis, etc., we can look at several key indicators:
* Trade volume : It measures average, etc. The amount of trade per day. Higher sales usually indicate a stronger demand.
* Price range : The range between the highest and lower prices provided by security for a specified period of time is known as the price range. The narrower price range may indicate greater stability, while the wider range can signal the increased volatility.
* Volume -Value ratio (VVVR)
: This metric calculates the relationship between trade volume and so on. Higher VVVR usually indicates a stronger market operation.
etc. Market depth analysis diagram
This chart shows the market depth analysis of ETC, using the 30 -day variable average trade volume, price range and volume and value ratio (VVVR) in the last five years:
| Date Volume of trade (BTC) Price range (USD) VVVR
| --- --- --- ---
| January 2017-2020 17,419,12 $ 3.95, $ 1.11 | 2.16
| February-Q1 2022 of 2020 21 434.42 $ 4.34, USD 1.14 | 1.89
As we see from this chart, etc. The volume of trade in the last five years has increased significantly, pointing to a strong liquidity request.
Buy and sell signal
Based on market depth analysis, there are several buying and sales signals that traders need to keep in mind:
* Excessive condition : When the price reaches the highest point recently and the sales volume is extremely high (above 1 million), this may indicate excessive circumstances.
* Insufficient position : And vice versa, when the price has been approaching the lowest point lately and the sales volume has been significantly reduced (below 100,000), this could indicate possible circumstances.
Technical indicators
Here are some technical indicators that can be used to identify buying and selling signals:
* RSI (Relative Strength Index) : This indicator measures the benefit of the loss to the loss within a specified period. When RSI falls below 30, it can signal a possible speed.
* Bollinger Bands : These bands reflect the price range in which the shares are historically traded. When they are outside the center line, this may indicate increased volatility.
Conclusion
Market depth analysis is an essential tool for merchants and investors who want to navigate the complexity of the ETC market. By analyzing the volume, price ranges and volume and value ratio (VVVR), we can identify possible buying and sales signals that can help us make conscious investment decisions.
