The Bollinger Bands, one of the most trusted indicators in technical analysis is experiencing a major contraction on the daily chart. The price is right at the exponential moving average line, causing this contraction of the standard deviations which make up the bands. This is a very strong indicator for incoming volatility. How long it will take to play out is impossible to predict, but it is coming.
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Neither these presentations, nor anything on Twitter, Cryptoscores. org -0.45% , or any other medium/mode of communication, including private correspondence, constitute financial advice.
Cryptoscores. org -0.45% is not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only.
Nota
Right back at the EMA line.Bullish scenario would complete a Inverse head and shoulders formation and break the 6,900 neck line.
Bearish Scenario breaks down below the 5,8xx support.
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.