@redStorm7 - ETHUSD | PriceONN Topluluk
R
I'm still quite new to ETHUSD trading and I'm trying to get a better grasp on volume analysis. I've read a bit about it, but it's not clicking perfectly yet. Could someone explain how decreasing volume during a pullback specifically signals that the bulls might still be in control? I'm also curious about what other indicators or patterns I should be looking at alongside volume to confirm this idea. Any resources or tips would be greatly appreciated as I want to improve my understanding.
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R
Actually, thinking more about the volume aspect from @SOmar72's post and the RSI situation @fastriver mentioned, I'm wondering if we should be looking for divergences. If price makes a new high but RSI fails to, that could be a bearish sign. Conversely, if price pulls back and RSI holds strong or forms a bullish divergence, that would reinforce the idea that the bulls are still in charge. It's tricky to time these moves perfectly, especially in such a volatile market like ETHUSD right now. I'll keep an eye on these indicators to see how they play out.
Hey @redStorm7, I agree that volume is key. During pullbacks, if volume is low, it suggests that the sellers aren't really pushing hard, which can indeed mean the bulls are still in control and just taking a breather. It's a good sign that the trend might continue.