Convert ALGO to ETH
HitBTC is a platform for digital asset and currency exchange where you can quickly and securely trade Bitcoin, Ethereum, EOS, Tether and many other cryptocurrencies. Several trading options are present, including spot and OTC markets. The platform's interface is very intuitive and easy to navigate.
HitBTC is a global cryptocurrency trading platform established in 2013, offering fast and secure 24/7 exchange of ALGO to ETH and many other digital assets.
ALGO to ETH Real-Time Price Chart Explained
HitBTC features a price chart that combines
a representation of a digital asset’s Exponential Moving Average (EMA)
with a candlestick visualization of its price history. The EMA consists
of the two lines running across the chart that are formed using
Algorand’s
historical data when paired with
Algorand and represent
ALGO’s
performance for a given amount of time in terms of
ETH.
EMAs are among the most widely used methods (in the crypto sphere as well as the world of stocks)
of measuring the way a cryptocurrency is trending.
The second part of the graphic is a
Algorand candlestick chart.
Candlestick charts are based upon the following five values:
O - open
H - high
L - low
C - close
V - volume
When looking at the chart,
the rectangle figures each represent the trading activity of
ALGO for a single day.
The candles in the middle of the chart running along the lines of the EMA
illustrate the first four values measured in
Algorand. The ends of each vertical
line mark the
Algorand’s high and low prices for the day. The body of the candle marks the
movement between
ALGO’s opening and closing prices. If a candle is green, the price has
increased; if red, it has decreased. The candlesticks at the base of
the chart are used to display daily trading volume in terms of
ETH.
Trading Instruments Explained
In our trading instruments section, you will see
tabs labelled with the abbreviations of different cryptocurrencies.
Clicking these tabs will allow you to see what other cryptocurrencies
can be traded with your selected quote currency. You will find the price of
base currencies displayed along with BTC volume, which measures how much
trading of the currency has been done in the past 24 hours, and change,
which gauges the percentage change in price occurring over the same time period.
To switch to another trading pair from
Algorand to
Algorand, just select the pair
from those available in Trading Instruments.
Order Book and Market Depth Chart Explained
Below Trading Instruments
is the Market Depth Chart and corresponding Order Book.
The Order Book shows you all of the current orders
that have been placed between
ALGO to
ETH.
These are broken up into bids (people looking to buy
ALGO)
and asks (people looking to sell
ALGO). On the chart you’ll
find the price of the order in
Algorand, the amount of
Algorand being
bought or sold and the sum of the transaction displayed in either
ALGO or
ETH.
Market Depth
This information is displayed in
a more visual format above in the Market Depth Chart.
The Depth Chart takes the asks and bids and stacks them on top of
each other to provide an easy to understand overview of the supply
and demand of
Algorand paired with
Algorand.