Explaination below with pictures attached
Note
Here we have a comparison between the zrxbtc and zrxusd pair We have an increase of volume at a higher price what this means is there was no supply really anymore when we crashed in march that explains the ease of movement
+ increase in volume at this price can only mean supply absorbtion
Note
from a volatility perspective both are simliar aswell volatility is needed to shake market participants out, time and volatility go hand in hand
Note
Also note that the market pretty much evolves with price action no one talked about link backthen when it was cheap so is no one talking about zrx rightnow Why buy later when you can buy now before the hoards arrive
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.