In the world of cryptocurrency investments, having the right tools and strategies at your disposal is crucial. That said, a veteran crypto investor recently explained Bollinger bands and how to spot gems like Cardano (ADA) and Bitcoin Spark (BTCS). What are Bollinger bands? Bollinger bands are a popular technical analysis tool. They consist of a middle line, usually a simple moving average, flanked by upper and lower bands that represent standard deviations from the average price. These bands help traders gauge price volatility and potential trend reversals, making them valuable for identifying entry and exit points. Is Cardano a good
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