Educational Post

What Is a Price Channel?

The term price channel refers to a signal that appears on a chart when a security's price becomes bounded between two parallel lines. The price channel may be termed horizontal, ascending, or descending depending on the direction of the trend.

Price channels are often used by traders who practice the art of technical analysis to gauge the momentum and direction of a security's price action and to identify trading signals.

The dominance of one force determines the price channel’s trending direction.

We will share more about uptrend channel and downtrend channel in next session.

Educational Post

What Is a Trendline?

Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.

Trendlines are a visual representation of support and resistance in any time frame. They show direction and speed of price, and also describe patterns during periods of price contraction.

Enough for today guys 😁. Keep inviting more people join our group and channel for more crypto insights and trading tips ✅

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