The Bollinger Bands, one of the most trusted indicators in technical analysis is experiencing a major contraction on the daily chart. The price is right at the exponential moving average line, causing this contraction of the standard deviations which make up the bands. This is a very strong indicator for incoming volatility. How long it will take to play out is impossible to predict, but it is coming.
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Neither these presentations, nor anything on Twitter, Cryptoscores. org -0.45% , or any other medium/mode of communication, including private correspondence, constitute financial advice.
Cryptoscores. org -0.45% is not a financial advisor and hold no formal qualifications in this area.
Trade entirely at your own risk.
This is for entertainment purposes only.
Bullish scenario would complete a Inverse head and shoulders formation and break the 6,900 neck line.
Bearish Scenario breaks down below the 5,8xx support.