$SHELL | Distance From the Lower Band, Timeframe by Timeframe
How far price sits above its own lower Bollinger Band is one way analysts gauge how much room exists before the band itself gets tested, without treating the band as a guaranteed floor.
On the 1H and 4H charts, price sits about 3.49-3.50% above the lower band on both, essentially the same cushion despite being different timeframes. On the daily, that cushion widens to 29.77%. On the weekly, 46.71%. The short-term cushion is thin; the long-term cushion is wide. Both facts are true about the same asset simultaneously.
#SHELL #BTC #BNB
How far price sits above its own lower Bollinger Band is one way analysts gauge how much room exists before the band itself gets tested, without treating the band as a guaranteed floor.
On the 1H and 4H charts, price sits about 3.49-3.50% above the lower band on both, essentially the same cushion despite being different timeframes. On the daily, that cushion widens to 29.77%. On the weekly, 46.71%. The short-term cushion is thin; the long-term cushion is wide. Both facts are true about the same asset simultaneously.
#SHELL #BTC #BNB