TRX Channel with Upper and Lower limits

Jun 28, 2021

This is a curved projection channel created upon a bounding box. For the creation of the chart, 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, it allows to have an easy to read view of probable limits.

There seems to be some horizontal predisposition these weeks and then some time ahead looks like going bullish. It has a wide range of movement and volatility.

Could be interesting for horizontal trading again?

Just sharing my personal charts for learning purposes only.