The asking price for a coin has fluctuated in the 1.4000/1.4300 range. Meanwhile, the bid price was more volatile, as it fluctuated in the 1.0100/1.4000 zone.
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 December 16.
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria.
In regards to ask orders, there are orders to sell more than 500 coins at 1.4100, 1.5000 and 1.5500. In addition, a major resistance zone exists at 1.4300/1.4500. The total amount of ask orders in the 1.4100/1.6100 range is 6,229.23 coins.
Meanwhile, in the 1.4100/1.2100 zone there are bid orders for 1,848.02 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In November, ask to bid ratio was 1.56 with 3,019.64 coins to be bought and 4,710.62 to be sold. The pair dipped afterwards. In the near term future, the situation could reoccur. The ask to bid ratio is at 3.37 with 6,229.23 coins to be sold and 1,848.02 to be bought.
If the owners of the ask orders decide to give in, they are bound to push the price down.