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Analysis of the application of the BOLL indicator in the crypto world
The Bollinger Bands are opening, and the coin price is between the upper and middle bands, likely to run upwards.
The Bollinger Bands are opening, and the coin price is between the middle and lower bands, likely running downward;
The Bollinger Bands are narrowing, and the coin price is between the upper and middle bands, likely indicating an upward movement.
The Bollinger Bands are narrowing, and the coin price is between the middle and lower bands, likely to move downward.
The coin price is under pressure and retracing at the upper track, especially during the contraction.
The coin price is supported and rebounds at the lower band, especially during the contraction.