Meanwhile, bid chart showed that the price had touched the 2.1000 mark, before retreating to a bid order cluster near 1.7000.
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 5.
In regards to sell orders, in the zone from 2.0800 up to 2.1700 there were orders to sell at least 100 coins at each price level. Higher above, there were orders to sell at least 500 coins at 2.2000, 2.2500 and 2.2600.
Meanwhile, notable bid amounts started at the 1.7400 level down to the 1.6700 mark. In this range, more than 1,300 coins might be bought up. In addition, there were orders for 1,600 coins at 1.6100 and 1.6000.
© 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 1.6700/1.7400 range there are bid orders for nearly 1,300 coins. On the other hand, there are the ask orders at 2.0800/2.1700 for 1,130 coins.
Namely, there are more close by bid orders than asking orders.