🐋 $AKE The daily Bollinger Bands narrowed, then price broke below the lower band (0.02165) after about 10 days. However, the current price of 0.02849 has moved back above the lower band.
The direction remains unclear while the bands are narrowing, so first, let's understand what the Bollinger Bands are telling us.
Statistically, the closing price falls between the upper and lower bands most of the time. A move outside the bands indicates volatility beyond recent norms.
The same reading can mean very different things in different market conditions, so don't blindly apply a single rule.
The direction remains unclear while the bands are narrowing, so first, let's understand what the Bollinger Bands are telling us.
Statistically, the closing price falls between the upper and lower bands most of the time. A move outside the bands indicates volatility beyond recent norms.
The same reading can mean very different things in different market conditions, so don't blindly apply a single rule.