$ADA The daily Bollinger Bands tightened for about 8 days before price broke below the lower band (0.2225).
Guys, how should we interpret Bollinger Bands? Here’s the gist in one paragraph👇
A squeeze means price swings have narrowed during this period and buyers and sellers are temporarily balanced. On its own, it only indicates low volatility; it doesn’t reveal which way the price will move.
Bollinger Bands reflect the magnitude of price fluctuations, not whether prices will rise or fall. They’re better suited to gauging whether the market is quiet or volatile.
All indicators describe past price movements, and prices can move in the opposite direction at any time.
#ADA
Guys, how should we interpret Bollinger Bands? Here’s the gist in one paragraph👇
A squeeze means price swings have narrowed during this period and buyers and sellers are temporarily balanced. On its own, it only indicates low volatility; it doesn’t reveal which way the price will move.
Bollinger Bands reflect the magnitude of price fluctuations, not whether prices will rise or fall. They’re better suited to gauging whether the market is quiet or volatile.
All indicators describe past price movements, and prices can move in the opposite direction at any time.
#ADA