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Can we draw a channel starting from the midline?

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The red line looks respected in the last 3 months. Can we draw a channel starting from the midline?
arhitizer
BTCBTCUSDbtcusdideaBTCUSDTTrend Analysis

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BTCBTCUSDbtcusdideaBTCUSDTTrend Analysis
arhitizer

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.