$SHELL | Price Sits Exactly on the Pivot on Two Timeframes
The Bollinger middle band functions as a pivot line in most technical frameworks, the dividing point between the lower and upper half of recent price dispersion. SHELL's current price of 0.02428 is unusually close to that pivot on two separate timeframes at once.
On the daily chart, price sits just 0.33% below its middle band. On the 4H chart, about 1.10% below. Compare that to the 1H chart, where price already sits 1.38% above its pivot, and the weekly, where it's 3.28% above. Four timeframes, four different relationships to their own center line, at the same moment.
#SHELL #BTC #ETH
The Bollinger middle band functions as a pivot line in most technical frameworks, the dividing point between the lower and upper half of recent price dispersion. SHELL's current price of 0.02428 is unusually close to that pivot on two separate timeframes at once.
On the daily chart, price sits just 0.33% below its middle band. On the 4H chart, about 1.10% below. Compare that to the 1H chart, where price already sits 1.38% above its pivot, and the weekly, where it's 3.28% above. Four timeframes, four different relationships to their own center line, at the same moment.
#SHELL #BTC #ETH