RATE Group | Cryptocurrency Predictions – Ethereum Could Spike To $215
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Cryptocurrency Predictions – Ethereum Could Spike To $215

08 Nov Cryptocurrency Predictions – Ethereum Could Spike To $215

Posted at 10:40h in Ethereum News by

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VAP Analysis confirms the weak resistance volume zone ahead.

Near term support is precarious, caution should still be maintained.

Ethereum’s Volume Profile

Ethereum (ETHUSD) Volume Profile.

VAP (Volume-At-Price) Analysis provides a measurement of how much of something was traded at a particular price. These levels offer sturdy support and resistance levels. Areas where significant amounts of volume have traded, are called high volume nodes. Areas, where volume is vacant, is known as low volume nodes. The chart above is Ethereum’s daily chart beginning at the top of the 2019 market on June 27th, 2019. The highest volume node on this chart is between $170 and $190, with a near equal distribution of volume occurring in those price zones. The next high-volume node is within the same deviation (First Deviation, gold-colored bars) and is between $210 and $215. It is the area…

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