NVO, Rhyming with historical golden buy zoneUsing the Guassian Channel indicator on the monthly timeframe. We can see that in the past, after the price has significantly correct from its ATH of 50%+, price tend to reverse at the lower channel support(2times on chart) or at the upper support line ( 1 time on the chart)
Right now we are currently at the upper supprt trendline at $70
-Median line at 60$
-Lower line at 50$
Looking at the historical trend as a whole, I think we could potentialy reach the local bottom of this current correction.
My personall action.
Start buying at 70$, and we keep buying more if we go down to test lower trend line of the channel.
All I will go all in once the reversal price is confirmed.