TradingView
heroselohim
Oct 27, 2021 1:59 AM

DYDX curved channel and trajectory Long

dYdX / USDFTX

Description

This is my first draft of DYDX curved channel.

Looks like it's about to begin a BULL run. I'll keep this one simple for now, but my attempt was to convey the bottom price for it.

Given that there is not much historical data, this was the best I could draw.

MAGENTA CHANNEL
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.

Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Comments
gk01
did not age well
heroselohim
@gk01, Pretty bad, yea!
gk01
@heroselohim, yes unfortunately but it looks like it bottomed now near 0.786 FIB
heroselohim
@gk01, I'll wait, at least, a couple of days before an update. But definitely I missed the channel center
More