heroselohim

IOTX curved channel and trajectory

Long
BINANCE:IOTXUSDT   IoTeX / TetherUS
This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters.

I know that the uptrend looks like magic and doesn't seem to have enough data for such a strong bull movement, but the last bull run was enough to create an angle degree that allows me to trace this channel. Combined with some tokenomics seems like a probable scenario for me.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.