$SHELL | What a Wide Bollinger Band Spread Means, Daily Chart
The wider the gap between the upper and lower Bollinger Bands, the more price has moved around relative to its average over that chart's lookback period. It's a measure of recent volatility, not a target or a wall.
On SHELL's daily chart, the bands currently run from 0.01723 at the bottom to 0.02980 at the top, a spread of about 72.95% relative to the lower band. That's a much wider gap than the 1-hour chart's 4.72%, simply because the daily chart captures a much longer stretch of price history in the same calculation.
The last price of 0.02714 sits about 57.52% above the lower band and about 8.93% below the upper one.
#SHELL #BTC #ETH
The wider the gap between the upper and lower Bollinger Bands, the more price has moved around relative to its average over that chart's lookback period. It's a measure of recent volatility, not a target or a wall.
On SHELL's daily chart, the bands currently run from 0.01723 at the bottom to 0.02980 at the top, a spread of about 72.95% relative to the lower band. That's a much wider gap than the 1-hour chart's 4.72%, simply because the daily chart captures a much longer stretch of price history in the same calculation.
The last price of 0.02714 sits about 57.52% above the lower band and about 8.93% below the upper one.
#SHELL #BTC #ETH