A long time I didn't publish a chart on Kusama, but was following it closely. Didn't notice it looks like on a contraction and accumulation period. This usually ends in a strong BULL run. Wouldn't be rare for it to ramp up to X3.
On a "bad" scenario it could break to the lower level and still perform a BULL run later.
Given the arc trajectories and closest peaks the bad scenario is unlikely to happen. I'm more into patterns, and this patterns usually end up in a LONG strong position.
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.
On a "bad" scenario it could break to the lower level and still perform a BULL run later.
Given the arc trajectories and closest peaks the bad scenario is unlikely to happen. I'm more into patterns, and this patterns usually end up in a LONG strong position.
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.
Find some of my resources here:
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80
heroselohim.notion.site/Cryptos-a4564cce70aa45f4b0cbd9823e691f80