📊 Ease of Motion (EOM) indicator

Ease of Movement (EOM) is a fairly common indicator that displays in the form of a line how easily the price moves between levels. The analysis is carried out based on exchange rate changes and trading volumes.

▪️ On the weekly chart, EOM is suitable for determining the current trend, bullish market (indicator above 0) and bearish (below 0). The angle of deviation from zero gives an understanding of the strength of the trend, horizontal periods - consolidation 🕯

▪️ On the daily chart, EOM can give signals for a local trend reversal at points of direction change. Please note that the indicator unfolds first and only then the price.

Not financial advice, but according to EOM, don't expect a quick $70k jump in BTC.#MemeWatch2024