Long
BCH - Bollinger Band Squeeze Setup Forming
$BITSTAMP:BCHBTC may be forming a bollinger band squeeze setup
As you can see on the chart, the bands are narrowing and the bandwith is low
We want to see the price shoot through the upper band for a long posisition
But ideally, we want to confirm the long position by also breaking vertical support
Let's keep our eyes open on this one!
Let me know what you think.
As you can see on the chart, the bands are narrowing and the bandwith is low
We want to see the price shoot through the upper band for a long posisition
But ideally, we want to confirm the long position by also breaking vertical support
Let's keep our eyes open on this one!
Let me know what you think.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.