ETC/USD key points discovered through Bollinger Bands with Fib

7 Ağu 2018

First band at level 1.628 creates a very strong resistance and support levels on upper and lower bands. Notice how almost in every instance that the bar closes over first upper band, the next few days follow a correction. Similar thing happens on the lower band where it creates a strong resistance, following a short uptrend. This indicator proves to be correct in about 90% of the times in the last year.