Market Notes | $EVAA | 1-hour volume surged 61.3x | Price rose 25.29%
Definition: Volume spikes at the minute level can be quite random. Heavy trading in one or two candlesticks may simply reflect a burst of concentrated activity; sustained high volume over a period of time is more meaningful.
Common interpretation: Rising volume while the price remains almost unchanged means buyers and sellers are trading actively at the current price. To tell which way the price will move next, watch to see who gives way first.
Don’t chase trades during the fastest few minutes of a move. Wait for the candlestick to close and settle before taking another look.
Definition: Volume spikes at the minute level can be quite random. Heavy trading in one or two candlesticks may simply reflect a burst of concentrated activity; sustained high volume over a period of time is more meaningful.
Common interpretation: Rising volume while the price remains almost unchanged means buyers and sellers are trading actively at the current price. To tell which way the price will move next, watch to see who gives way first.
Don’t chase trades during the fastest few minutes of a move. Wait for the candlestick to close and settle before taking another look.
