On the left FILUSD shows a bull rejection from the upper band of the 'Gaussian Channel' indicator on this Monthly timeframe, this coincides with a downward trend that has recently been broken (dotted line) On the right the BTC pair shows on the daily chart a bullflag confirming the bullish state of FIL
Could you please explain the Gaussian Channel & why/how it’s different/important?
Bixley
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@Carpe_Crypto, I use it often in my analyses, price likes to find support on the bands, in this case the upper. I'm not to sure what the lines do represent entirely I just notice the pattern. here's another one that uses it on ADA, showing the upper band as support aswell. I have used it a lot and find it one of the more reliable ones I have saved.