Rainbow Chart. Long-term valuation tool. It uses a logarithmic growth curve to predict potential future price direction.
It overlays a rainbow band on top of the logarithmic growth curve channel, attempting to highlight the market sentiment at each rainbow stage as the price passes through it. Thus highlighting potential buy and sell opportunities.
To date, the price continues to stay within the rainbow band of the logarithmic growth channel. And, it is in a stage where the valuation is severely undervalued. #BTC走势分析 #非农就业数据即将公布 #美联储何时降息?