$BNB Bollinger Band Twisting ๐Ÿš€

Regarding the twisting of the Bollinger Bands, although the Bollinger Bands are not explicitly shown in this chart, a "twist" effect generally occurs when the bands contract and expand rapidly due to changes in volatility. Here are some reasons why this might be happening in this chart:

1. Price Recovery from a Low of $507:

The chart shows a recent price drop to $507, followed by a strong recovery above $620. This rapid movement likely caused the Bollinger Bands to adjust during the low volatility period and expand as volatility increased.

2. Converging and Diverging Moving Averages:

The short-term MA (yellow, MA 7) has crossed above the medium-term MA (pink, MA 25), indicating a shift to bullish momentum. The Bollinger Bands may have twisted due to this changing trend.

3. MACD Turning Bullish:

The MACD (6.37) is positive, and the DIF line is crossing above the DEA line, signaling a possible bullish trend. This would cause the Bollinger Bands to expand after a period of contraction...