Ada rising channel long term planAda will pump in May and then it will keep going down down down If rising channel breakdowns.
Risingchannels
NVDA RISING CHANNEL On the chart we can see the rising channel.
Our strategy is to enter short when the price break down the upsloping support.
You can also enter short position at the bearish retest.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back inside the channel.
Very interesting group of channels tying tops & bottoms togetherWe can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the near future. Seeing it this way gives me added confidence the bottom is likely in..although with a black swan big enough I suppose price could still collapse to the bottom trendline of the worst channel. For now I believe bottom is more probable to be in than not though. *Not financial advice*
