$XMR The daily Bollinger Bands squeezed for about 7 days before breaking upward above the upper band (581.212), with the bandwidth at 9.58% during the squeeze.
Let’s use this data to break down the Bollinger Bands.
The middle band is the 20-period simple moving average. Many people also use it as a short-term indicator of strength: prices above the middle band are considered strong, while those below it are considered weak.
Squeeze breakouts occur more often on the 4-hour chart. They’re less common on higher timeframes, so they carry more weight. Signals are more compelling when they align across both timeframes.
Don’t let a single number disrupt your usual approach, and don’t use borrowed money to test a reading.
#XMR
Let’s use this data to break down the Bollinger Bands.
The middle band is the 20-period simple moving average. Many people also use it as a short-term indicator of strength: prices above the middle band are considered strong, while those below it are considered weak.
Squeeze breakouts occur more often on the 4-hour chart. They’re less common on higher timeframes, so they carry more weight. Signals are more compelling when they align across both timeframes.
Don’t let a single number disrupt your usual approach, and don’t use borrowed money to test a reading.
#XMR