Check out yesterday’s post where I wrote about the volume and the script for the next few days. The first point has been met, now we are waiting for the second signal confirming our analysis and direction. In the picture I showed how the price should be in harmony with the volume, i.e. as the price increases, the turnover should also increase. Thanks to this, we will know that the purchases of large investors are ongoing, and no one is thinking about taking profits yet.
If in this case the price increase would be on a small volume and then the price decrease again on a large cryptocurrency turnover, this is a signal from the market that the correction may be stronger. Then we take the scenario from yesterday where I showed fibo ranges and possible levels.