Low Volume on Breakout Candle 4/2/21
Yesterday was great move on Ethereum. All the news with VISA, NFTs, etc supported a breakout. But if we look at volume compared to last 2 breakout candles Jan 3 and Feb 2, the volume April 2nd was much lower. And not by a little but 2-3 times lower. Usually volume confirms the trend.
Jan 3 ≈ 870K
Feb 2 ≈ 600K
Apr 2 ≈ 275K
Jan 3rd was a Sunday, Feb 2 was a Tuesday, and April 2 (yesterday) was a Friday. I don't know if volume was lighter because of holiday but Jan 3 was holidayish as well.
Any thoughts?
Jan 3 ≈ 870K
Feb 2 ≈ 600K
Apr 2 ≈ 275K
Jan 3rd was a Sunday, Feb 2 was a Tuesday, and April 2 (yesterday) was a Friday. I don't know if volume was lighter because of holiday but Jan 3 was holidayish as well.
Any thoughts?
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