$SHELL | Comparing Bollinger Band Width Across Timeframes
Bollinger Band width for SHELL varies sharply depending on the interval. On the 1-hour chart, the bands span from 0.02722 to 0.02846, a difference of about 4.56% relative to the lower band. On the 4-hour chart, that widens to about 6.64%.
Zooming out further, the daily chart shows a spread of about 72.24%, and the weekly chart stretches to roughly 111.45%.
Wider bands on longer timeframes simply reflect a longer history of price movement being captured in the same calculation, not a forecast of future volatility.
#SHELL #BTC #BNB
Bollinger Band width for SHELL varies sharply depending on the interval. On the 1-hour chart, the bands span from 0.02722 to 0.02846, a difference of about 4.56% relative to the lower band. On the 4-hour chart, that widens to about 6.64%.
Zooming out further, the daily chart shows a spread of about 72.24%, and the weekly chart stretches to roughly 111.45%.
Wider bands on longer timeframes simply reflect a longer history of price movement being captured in the same calculation, not a forecast of future volatility.
#SHELL #BTC #BNB