Long

NBS Channel with Upper and Lower limits

474
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.

Given present boundaries, averages, common resistance and supports the value could easily go up to 2.5X. Given the bull "spikes" and bear "retreats" of this coin, if I invested in it, I would only operate with several distributed programmed operations in place.

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

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