$SHELL | What does a wide Bollinger Band mean, daily chart
The wider the distance between the upper and lower bands, the more much the price fluctuates compared to its average level over the lookback period of that chart window. This is a measure of recent volatility, not a target or a wall.
On the daily chart of SHELL, the band currently runs from 0.01723 at the bottom to 0.02980 at the top, a difference of about 72.95% relative to the lower band. This is a much wider spread than the 4.72% on the 1-hour chart, simply because the daily chart covers a much longer span of price history within the same calculation.
The latest price of 0.02714 is about 57.52% higher than the lower band and about 8.93% lower than the upper band.
#SHELL #BTC #ETH
The wider the distance between the upper and lower bands, the more much the price fluctuates compared to its average level over the lookback period of that chart window. This is a measure of recent volatility, not a target or a wall.
On the daily chart of SHELL, the band currently runs from 0.01723 at the bottom to 0.02980 at the top, a difference of about 72.95% relative to the lower band. This is a much wider spread than the 4.72% on the 1-hour chart, simply because the daily chart covers a much longer span of price history within the same calculation.
The latest price of 0.02714 is about 57.52% higher than the lower band and about 8.93% lower than the upper band.
#SHELL #BTC #ETH