Hi, friends. ETH/USD is still in a wide balance with range 565-995. If the price break down and holds below level 775 (middle of the main-balance), with a high probability we will see a fall wave to lower main-balance level (main support zone 565-627).
Point of Control (P O C) – The price level for the time period with the highest traded volume .
Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
Balance - Accumulation Area.
F L - flat level.
T L - trend level.
Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.