$ZEC The daily line has broken above the upper Bollinger Band. Here's a common misconception: Many people treat a touch of the upper band as an overbought signal. In reality, when the market turns after the bands have narrowed, it's not unusual for the price to keep tracking the upper band. In this case, the upper band is a sign of strength, not a ceiling. What deserves more caution is a drop back inside the bands and a break below the middle band at 1240.42.
Indicators show probabilities, not conclusions.
Stay rational—don't get carried away.
Indicators show probabilities, not conclusions.
Stay rational—don't get carried away.