IOTX Channel with Upper and Lower limits

11 Ağu 2021

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 "moving averages" that cover the center, upper and lower boundaries 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 have added a dotted path that represents a correction to the uptrend movement, but has weak fundamentals to support it. It's rooted onto the idea that the upper curved channel reached a limit and has to correct first, then later attempt to keep the bull route.

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