Volume is a leading indicator of price. $ALGO 1-hour volume ratio: 9.4; trading volume: $5.05 million; price: +6.38%.
A surge in volume is driving the move upward. If volume stays high over the next few candlesticks, the trend is more likely to continue.
Strong trends tend to have shallow pullbacks, while weak rallies usually don’t last long.
For informational purposes only; this is not investment advice. DYOR.
A surge in volume is driving the move upward. If volume stays high over the next few candlesticks, the trend is more likely to continue.
Strong trends tend to have shallow pullbacks, while weak rallies usually don’t last long.
For informational purposes only; this is not investment advice. DYOR.