#ARC The last three volume bars were 1.83x, 1.99x, and 2.36x, increasing steadily, yet the price moved only 0.6% in total over those three bars.
Volume is rising while price is not moving, which means bulls and bears are trading hands heavily at this level. The 24-hour range is 0.06108 to 0.0686, and now 0.06138 is close to the lower bound.
This kind of narrowing pattern will eventually choose a direction. Only if it moves above 0.063 can it be considered stronger. Don’t guess—wait for the signal.
Volume is rising while price is not moving, which means bulls and bears are trading hands heavily at this level. The 24-hour range is 0.06108 to 0.0686, and now 0.06138 is close to the lower bound.
This kind of narrowing pattern will eventually choose a direction. Only if it moves above 0.063 can it be considered stronger. Don’t guess—wait for the signal.