Meanwhile, the bid price remained in the 1.4000/1.5000 zone with the exception of two spikes up to 1.6500. However, at the start of June the pair dropped to the 1.2000 mark, booking a low level not seen since 2019.
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 June 8.
In regards to sell orders, the orders are concentrated at round levels 1.5000, 1.5300, 1.5500 and starting from 1.6000 there are orders to sell from 100 up to 300 coins at each price level.
The total amount of ask orders in the 1.4800/1.7600 range amounts to 5,953.00 coins, which is more than twice the usual.
Meanwhile, bid orders are spread out from 1.2000 up to 1.4200. In this zone there are orders for 2,736.00 coins.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In regards to the future, compare the ask order amount to bid orders. There are ask orders for 5,953.00 coins versus bid orders for 2,736.00 coins.
The sellers have set up orders for as twice as much than the buyers.