Meanwhile, on the bid chart the price dropped to 1.4500, before retracing to the 1.8500 level.
Asking price chart
Bid price chart
Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Below, one can observe the market orders on January 26.
In regards to sell orders, there is a zone of sell orders located from 1.8500 to 1.9600. Higher above, note the zone at 2.0800/2.1500.
Meanwhile, notable bid orders are located at three levels. Namely, there are orders to buy 500 coins at 1.5600, 390 coins at 1.4700, and notable 1161 coins at 1.4500.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In regards to the future, one needs to measure the ask order cluster versus the bid cluster.
Next to the current rate in the 1.8500/1.9600 range there are orders to sell 2571 coins. However, that is a range of more than ten cents. Meanwhile, there are 500 buy coins at 1.5600, before the notable 1551.00 bids at 1.4700 and 1.4500.
In the event of a surge, the price would have to ascend gradually, as it moves through the ask orders. On the other hand, a potential decline is set to remain at 1.5600, before the bid orders are taken and the price sharply declines.