When writting about Cryptocurrencies we need to be aware of our own narrow mindness or our diffuculties to focus our attention on too many things at the time, I remedy a little bit my inability to do so looking at graphics with the least amount of distractions, where the price action runs the show.
Also we keep in mind quite a lot the Basic Books and I go by those. In this case The Theory concerning Bollinger Bands says that when we are witnessing a narrow shape, like the one we are looking at here, we could be about to see a signifficant move either way.
The 21 MA with 2 bullish Dojees are giving us a couple of hints about what to expect. Now, with Trading Volumes so low it is the hardest thing for me to work out what may happen next.
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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.