$AVAX ｜5 consecutive down days on the daily chart｜Cumulative change: -8.45%
Before looking at fund flows, first understand what consecutive down days on the daily chart mean.
The cumulative change over this period is measured from the opening price of the first candlestick in the series to the closing price of the latest one. It says more about strength or weakness than the number of consecutive days alone.
If trading volume rises throughout this series of candlesticks, it is often understood as more people joining in; if volume gradually shrinks, it is often seen as a sign that buying interest is weakening.
Learning to read indicators isn’t difficult. The hard part is still following the rules when market conditions become extreme.
Before looking at fund flows, first understand what consecutive down days on the daily chart mean.
The cumulative change over this period is measured from the opening price of the first candlestick in the series to the closing price of the latest one. It says more about strength or weakness than the number of consecutive days alone.
If trading volume rises throughout this series of candlesticks, it is often understood as more people joining in; if volume gradually shrinks, it is often seen as a sign that buying interest is weakening.
Learning to read indicators isn’t difficult. The hard part is still following the rules when market conditions become extreme.