In the meantime, the bid price has been rather flat at 1.4000/1.4700. The exception to the rule have been three dips that looked for and found support in the broad 1.2000/1.3300 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 July 8.
In regards to sell orders, the orders are concentrated in two ranges. Namely, note the 1.5000/1.5300 and 1.5800/1.6100 zones.
In addition, take into account a couple of factors. There is an additional cluster of sell orders at 1.5500. Meanwhile, the 1.6100 level has orders for more than 1,700.00 coins to be sold.
Meanwhile, buy orders are spread out with nearly 100 coins to be bought at each level from 1.2000 up to 1.3300.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In regards to the future, compare the ask order amount to bid orders. In total, in a fifteen cent range around the current price there are sell orders for 4,488.00 coins and buy orders for 1,499.00 coins.
The sellers have set up orders for three times as much than the buyers. The proportion was one to two during early June.