$SHELL | Volume Confirmation Exists on Only One Timeframe
Volume confirmation is a basic filter serious analysts apply before weighting a price move: is the move happening on above-average volume, or not. Checking SHELL's 5-period vs 10-period volume moving average across timeframes gives a mixed answer.
On the 1H chart, recent volume is running about 31.3% above the 10-period average. On 4H, it's about 10.0% below. On the daily, about 39.6% below. On the weekly, about 27.6% below. Only the shortest timeframe currently shows volume running hot; the other three show cooling activity relative to their own recent history.
#SHELL #BTC #BNB
Volume confirmation is a basic filter serious analysts apply before weighting a price move: is the move happening on above-average volume, or not. Checking SHELL's 5-period vs 10-period volume moving average across timeframes gives a mixed answer.
On the 1H chart, recent volume is running about 31.3% above the 10-period average. On 4H, it's about 10.0% below. On the daily, about 39.6% below. On the weekly, about 27.6% below. Only the shortest timeframe currently shows volume running hot; the other three show cooling activity relative to their own recent history.
#SHELL #BTC #BNB