$SHELL | Reading the Middle Band as a Moving Average
The middle line in a Bollinger Band setup is just a simple moving average, in this case over 20 periods. It's not a magic level, it's literally the average closing price over the last 20 candles on whatever chart you're looking at.
On the 4-hour chart, that middle band currently reads 0.02770. The last price of 0.02714 is about 2.02% below it, meaning the current price is running a bit under its own recent 20-period average on this timeframe.
Comparing this to the 1-hour chart, where price sits just 0.11% above its own middle band, shows how the same coin can look slightly different depending on which moving average length you're comparing it to.
#SHELL #BTC #BNB
The middle line in a Bollinger Band setup is just a simple moving average, in this case over 20 periods. It's not a magic level, it's literally the average closing price over the last 20 candles on whatever chart you're looking at.
On the 4-hour chart, that middle band currently reads 0.02770. The last price of 0.02714 is about 2.02% below it, meaning the current price is running a bit under its own recent 20-period average on this timeframe.
Comparing this to the 1-hour chart, where price sits just 0.11% above its own middle band, shows how the same coin can look slightly different depending on which moving average length you're comparing it to.
#SHELL #BTC #BNB