BVOL have been quieting down since the dump in may. Usually after volatility dropping low and flattening there is a sudden move in the price spiking BVOL. Historically this volatility spikes haS been bearish.
At the moment price action has formed an ascending channel and reached the resistance of the channel. There is a chance that price will break upward from the channel and go parabolic producing the volatility spike.
There is also a chance of rejection from the channel resistance and heavily dropping also producing a volatility spike. A drop to 50k will be the channel support and 1 on the fib extension.
At the moment price action has formed an ascending channel and reached the resistance of the channel. There is a chance that price will break upward from the channel and go parabolic producing the volatility spike.
There is also a chance of rejection from the channel resistance and heavily dropping also producing a volatility spike. A drop to 50k will be the channel support and 1 on the fib extension.
