Bollinger Bands (BOLL) of Technical Indicators

BOLL is a technical analysis indicator, which consists of three track lines.

The upper and lower lines can be regarded as the pressure line and support line of the price respectively, and there is a price average line between the two lines.

Generally, the price line moves in the band composed of the upper and lower tracks, and the position of the track is automatically adjusted as the price changes.

The main function of the BOLL indicator is to help investors judge the trend and volatility of the market.

When the price line crosses the upper track upward, it may mean that the market is overbought and the price may be adjusted;

When the price line crosses the lower track downward, it may mean that the market is oversold and the price may rebound.

In addition, the BOLL indicator can also be used to judge the breakthrough and reversal signals of the market.

It should be noted that the BOLL indicator is only a technical analysis tool,

and cannot be used alone as the basis for investment decisions. Investors should also combine other technical analysis indicators and fundamental analysis to make investment decisions.

At the same time, the cryptocurrency market has a high risk, and investors should be cautious and not blindly follow the trend or chase the rise and fall.

The above content is for information sharing only and does not constitute any investment advice. Investment is risky and you should be cautious when entering the market!

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