This article has been translated from English to Gen Z Slang.
A trading band is basically like a vibe check for an asset 📈. It shows its highkey and lowkey prices over a certain time, all wrapped around the asset's current price. 💸
Turtle Vibes
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Related Terms
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A trend channel is a set of parallel trend lines defined by the highs and lows of an asset’s price action. A trend channel, also sometimes called a price channel occurs when the price is moving between two parallel trendlines. Trend channels can be drawn on charts to help see uptrends and downtrends. In a […]
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An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels The ascending channel is also known as a “rising...