Are the chips quietly changing hands?
$SIREN The daily Bollinger Bands have narrowed for 17 days. Such a tight trading range is often when positions are quietly changing hands.
The price has now broken above the upper band at 0.0277. Watch whether this candlestick is accompanied by increased volume: strong volume suggests buying pressure is pushing the price up, while a low-volume breakout is more likely to fall back inside the bands.
Which direction are you more bullish on?
$SIREN The daily Bollinger Bands have narrowed for 17 days. Such a tight trading range is often when positions are quietly changing hands.
The price has now broken above the upper band at 0.0277. Watch whether this candlestick is accompanied by increased volume: strong volume suggests buying pressure is pushing the price up, while a low-volume breakout is more likely to fall back inside the bands.
Which direction are you more bullish on?