Meanwhile, bids have been fluctuating broadly between 1.2350 and 1.4500.
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 March 14.
For comparison of the buy and sell orders a range of 20 cents is chosen as criteria.
In regards to ask orders, there is a cluster of orders at 1.45/1.50. In this range there are orders for 4,405.05 coins. Meanwhile, in the total range of 1.45/1.65 there are orders for 4,525.05 coins.
Meanwhile, in the 1.4000/1.2000 zone there are bid orders for 2,402.00 coins.
© Dukascoin.com
© Dukascoin.com
Future outlook
The ask to bid radio is at 1.88. There are more potential sellers of the currency than buyers. If the buyers give in and reduce their asking price, the currency should go down due to the lack of clusters of bid orders.
Each 100 coins sold would move the price down by 0.01 EUR.