As you can see in the 1-hour chart and time frame, after closing several candlesticks on the lower edge of the Bollinger Bands oscillation indicator, the current candle and the previous candelabra have moved away from the lower edge of the Bollinger Bands. Given that the price has been at higher levels for the last 8 hours, it is possible to increase the price growth to the midline (the simple moving average of the Bollinger Band). Possible goals are marked on the chart. Good luck and profitable.
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.