✨🔴 $POWER
#power The last time $POWER Bollinger Bands compressed (marked with “1” on chart) on the 8 hour timeframe, you can see it made a violent move upward after having no volatility for quite some time.
Now, it’s stuck in an even tighter range (marked with “2” on chart) than number 1’s original breakout which means a violent move one way or another is coming soon.
History doesn’t repeat itself but it often rhymes.
Find patterns, trends, and most importantly, find confluence (multiple indicators pointing to the same potential result).
As always, not financial advice, but I expect a violent move to happen sooner than later. It’s your job to decide whether that move is drastically higher or drastically lower haha.
Just a tip, turn price notifications on and set them at specific levels so you can follow it without having to watch it 24/7 :)