$SHELL | The price is sitting exactly on the pivot point across two timeframes
The middle band of the Bollinger Bands acts as a pivot point in most technical analysis timeframes; it marks the dividing line between the lower half and upper half of recent price dispersion. The current price of SHELL, 0.02428, is unusually sitting near this pivot point on two timeframes at the same time.
On the daily timeframe, the price is only about 0.33% below the middle band. On the 4-hour timeframe, it is about 1.10% lower. Compared to the 1-hour timeframe, where the price is already about 1.38% above its pivot point, and the weekly timeframe, where it is higher by as much as 3.28%. Four timeframes, four different relationships with their own center line, at the same moment.
#SHELL #BTC #ETH
The middle band of the Bollinger Bands acts as a pivot point in most technical analysis timeframes; it marks the dividing line between the lower half and upper half of recent price dispersion. The current price of SHELL, 0.02428, is unusually sitting near this pivot point on two timeframes at the same time.
On the daily timeframe, the price is only about 0.33% below the middle band. On the 4-hour timeframe, it is about 1.10% lower. Compared to the 1-hour timeframe, where the price is already about 1.38% above its pivot point, and the weekly timeframe, where it is higher by as much as 3.28%. Four timeframes, four different relationships with their own center line, at the same moment.
#SHELL #BTC #ETH