STH & LTH Sentiment Price Bands is an innovative indicator comprising multiple lines that combine the Short Term Holder & Long Term Holder Realized Price with multiplication and division factors. Remarkably, it creates bands over time that define the market's price peaks and troughs, linking them to market sentiment ranging from the "Depression Band" to the "Euphoria Band." Developed by Joao Wedson, this indicator aims to measure market sentiment from an on-chain perspective, assisting investors in making smarter decisions. By capturing the essence of market emotions and price movements, it offers a nuanced view of the crypto landscape, enabling a strategic approach to trading based on underlying market moods and trends.
The main support is at $58k (Hope|Denial Band) and the main resistance at $79.4K (Anxiety Band)
