$EVAA 1The hourly trading value was about $50.93 million, 5.6 times the previous average; the price rose 13.29% over the same period.
Let’s look at what’s behind this number.
Trading volume is the quantity traded over a period of time, while trading value is that amount converted into the quoted currency. The multiple here compares this period with the average over the preceding period.
A rise in volume during a price increase is often seen as a sign that buying is supporting the move, while a rise in volume during a price decline is often seen as a sign of heavier selling pressure. But these are only rules of thumb.
Don’t change your pace just because of a particular number, and don’t gamble on a reading with borrowed money.
#EVAA
Stay rational and manage your position size.
Let’s look at what’s behind this number.
Trading volume is the quantity traded over a period of time, while trading value is that amount converted into the quoted currency. The multiple here compares this period with the average over the preceding period.
A rise in volume during a price increase is often seen as a sign that buying is supporting the move, while a rise in volume during a price decline is often seen as a sign of heavier selling pressure. But these are only rules of thumb.
Don’t change your pace just because of a particular number, and don’t gamble on a reading with borrowed money.
#EVAA
Stay rational and manage your position size.