> For the complete documentation index, see [llms.txt](https://docs.coinkarma.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinkarma.co/english/features-guide/resonance.md).

# Resonance

## What is Resonance

A resonance happens when a single coin's order book signal and the whole market's order book signal turn strong in the same hour. Resonances tend to arrive in groups and form a wave; the wave ends only when the market's signal fades.

Resonance is built from two CoinKarma indicators, both updated every hour (see [LIQ](https://docs.coinkarma.co/english/indicators-guide/liq)):

* LIQ: each coin's own order book imbalance index, reflecting changes on the buy and sell sides of that coin's order book
* Overall LIQ: the market-cap-weighted version for the whole market. It moves closely with BTC and can be read as the market's order book signal

In the same hour, when a coin's LIQ is 3 or above and Overall LIQ is 2 or above, that coin resonates.

## Why look at the coin and the market together

LIQ alone can turn strong because of changes in one coin's own order book; Overall LIQ alone tells you the market is strong but not which coins are leading. Resonance stacks both conditions and answers three questions:

* Is a group of coins showing strong signals at the same time
* Which coins, and at what prices
* When is the wave over

| Indicator   | What it measures                        | Use it to                                                        |
| ----------- | --------------------------------------- | ---------------------------------------------------------------- |
| LIQ         | One coin's order book                   | Spot tops and bottoms of a single coin in ranging markets        |
| Overall LIQ | The whole market's order book           | Spot tops and bottoms of the market in ranging markets           |
| Resonance   | Coin and market turning strong together | See which coins are in a wave, when it started and when it ended |

## How a wave works

Resonance covers 23 major coins: BTC, ETH, SOL, XRP, BNB, DOGE, ADA, TRX, LINK, AVAX, DOT, LTC, BCH, SUI, HYPE, UNI, AAVE, NEAR, GRAM, ATOM, APT, ARB, OP. A newly listed coin is included once it has 60 full days of data.

| Stage    | Condition                       | What happens                                                                                       |
| -------- | ------------------------------- | -------------------------------------------------------------------------------------------------- |
| Start    | The first coin resonates        | The wave starts in that hour                                                                       |
| Continue | Overall LIQ stays at 2 or above | Other coins with LIQ at 3 or above keep joining the same wave; each coin counts only once per wave |
| End      | Overall LIQ falls below 0       | Every coin in the wave ends at the same time                                                       |

## How to read Resonance

The page and the notifications always show one of three states:

| State      | Condition                                                                       | What it means                                                                                                     |
| ---------- | ------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------- |
| Resonating | A wave is on, Overall LIQ ≥ 2                                                   | New coins can join at any time                                                                                    |
| Continuing | A wave is on, Overall LIQ between 0 and 2                                       | The wave is not over; new coins just don't join for now. Once Overall LIQ is back at 2 or above, coins join again |
| Waiting    | The last wave has ended (Overall LIQ fell below 0) and there is no new wave yet | Waiting for the next resonance                                                                                    |

● **Continuing does not mean over**

Within a wave, Overall LIQ often moves back and forth around 2. Across all waves, only about half of a wave's time is spent Resonating; the other half is Continuing. A wave ends only when Overall LIQ falls below 0.

● **Resonance price and end price**

The resonance price is the close of the 1-hour candle in which the coin resonated; the end price is the close of the 1-hour candle in which the wave ended. Times on the page and in the notifications are Taiwan time (UTC+8) and refer to the candle's close.

● **LIQ and Overall LIQ values**

The page shows each coin's LIQ and Overall LIQ at the moment it resonated, plus the latest Overall LIQ, updated every hour.

● **A new wave right after one ends**

After Overall LIQ falls below 0, it can climb back to 2 or above within a few hours and produce new resonances. That is a new wave, not a continuation of the last one, and you get a new "Resonance started" message.

## What notifications you get

#### Telegram member group

Messages in the group are in Traditional Chinese.

<table><thead><tr><th width="245.25">Notification</th><th>Content</th></tr></thead><tbody><tr><td>Resonance started</td><td>The first resonances of a wave: the coins that resonated this hour, each coin's LIQ and resonance price, and Overall LIQ, with an overview chart</td></tr><tr><td>New joiners</td><td>Coins that join within 24 hours of the wave's start, with each coin's LIQ and resonance price; coins from the same hour are combined into one message that also shows how many coins the wave has so far</td></tr><tr><td>Resonance ended</td><td>Sent when Overall LIQ falls below 0: when the wave started, how long it lasted, how many coins it had, and each coin's resonance price and end price</td></tr><tr><td>Pinned status</td><td>The first line is the current state (Resonating, Continuing, Waiting) and the number of coins; it also shows when the wave started, how long it has run, Overall LIQ, and each coin's LIQ and resonance price</td></tr></tbody></table>

* Coins that join more than 24 hours after the start are not announced, but they appear in the pinned status and on the website
* Switching between Resonating and Continuing sends no notification; only a wave's start and end make a sound

## Website (Resonance page)

● **Overview**

The current state, how long the wave has been running and how many coins it has, where Overall LIQ sits, and the last time it was at 2 or above.

<figure><img src="https://3881674611-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLNdPzU6psKxnGpgv182e%2Fuploads%2FxffOOQW9413Df0775N0X%2Fresonance-overview.png?alt=media&amp;token=3ba03bc4-c2d1-40b0-b936-9d451bbb168f" alt=""><figcaption></figcaption></figure>

● **Coins in this wave**

Each coin's resonance time, LIQ and Overall LIQ at the moment it resonated, resonance price and current price, in the order they joined.

<figure><img src="https://3881674611-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLNdPzU6psKxnGpgv182e%2Fuploads%2FYzL8w1ugOSTvmRIgFDXi%2Fresonance-current-wave.png?alt=media&amp;token=340719b8-8cc3-44d7-8275-dd63555896a9" alt=""><figcaption></figcaption></figure>

● **Coin page**

4-hour candles for the last 30 days with the hours that met the resonance condition marked, and every past resonance of the coin.

<figure><img src="https://3881674611-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLNdPzU6psKxnGpgv182e%2Fuploads%2FSEUgpeMAnGMZTruUrfWP%2Fresonance-coin-chart.png?alt=media&amp;token=33d00755-bb3b-471c-aaad-17e4adbaca2b" alt=""><figcaption></figcaption></figure>

● **Past waves**

Each wave's start and end time, length and number of coins; expand a wave to see each coin's resonance price and end price.

<figure><img src="https://3881674611-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLNdPzU6psKxnGpgv182e%2Fuploads%2F45IqDAZs0OyIpt3WLKmQ%2Fresonance-history.png?alt=media&amp;token=f6db87dc-d6ed-4b9b-88f8-258922c1b691" alt=""><figcaption></figcaption></figure>

### Historical Review

The data runs from October 2022 to September 2026 across the 23 major coins:

* About 3.5 waves per month
* The median wave lasts about 1.4 days: about 40% last less than a day, and about 10% last more than 7 days
* The median wave has 11 coins, about 9 of which join within 24 hours of the start

● **One full wave: 2026-09-15 to 09-18**

<table><thead><tr><th>Time (UTC+8)</th><th>What happened</th><th width="131.90234375">Coins so far</th><th>Notification</th></tr></thead><tbody><tr><td>9/15 10:00</td><td>ARB, ETH, BCH and SUI resonated together and the wave started</td><td>4</td><td>Resonance started</td></tr><tr><td>9/15 afternoon to evening</td><td>XRP, AVAX, APT and DOT joined, then UNI, LINK, HYPE, SOL and LTC</td><td>13</td><td>New joiners</td></tr><tr><td>9/16 early morning</td><td>ADA joined</td><td>14</td><td>New joiners</td></tr><tr><td>9/16 late night to 9/17 early morning</td><td>AAVE, DOGE and ATOM joined, more than 24 hours after the start</td><td>17</td><td>None; shown only in the pinned status and on the website</td></tr><tr><td>9/17 from the morning</td><td>Overall LIQ stayed below 2 and the wave was Continuing</td><td>17</td><td>None</td></tr><tr><td>9/18 22:00</td><td>Overall LIQ fell below 0 and the wave ended</td><td>17</td><td>Resonance ended</td></tr></tbody></table>

The wave lasted 3 days and 12 hours. Overall LIQ crossed 2 more than ten times along the way, so the state switched between Resonating and Continuing many times, but only the start and end messages made a sound.

## Conclusion: Limitations of Resonance

Resonance records the time and price at which a coin's signal and the market's signal lined up. The change shown on the page is the current price against the resonance price, not the result of actual fills.

* Same use case as LIQ: LIQ and Overall LIQ are ranging-market indicators, and their signals lose effectiveness when the market turns into a one-way trend; Resonance does too
* Only 23 major coins: a coin outside the list does not count even if its LIQ is 3 or above, and a new coin needs 60 full days of data before it is included
* Hourly updates: Resonance is judged on the close of each 1-hour candle, so by the time it appears on the page or in a message, that candle has already closed
* Late joiners are not announced: coins that join more than 24 hours after the start appear only in the pinned status and on the website, so notifications alone will miss them

For single-coin entries and exits, pair it with the LIQ series; when the market turns into a trend, refer to Long/Short Filter for stop-loss conditions.

{% hint style="info" %}
**Disclaimer**

Thank you for using CoinKarma. The data provided is based on historical performance and cannot guarantee future market trends. The cryptocurrency market is highly volatile. Users must assess risks and bear responsibility for their decisions.
{% endhint %}