ADBE is looking for a bottom!Adobe Inc.BATS:ADBEjuanivernengoHi everyone! Here is a long-term analysis of ADOBE using 1M candles. When I analyze, I try to keep it as simple as possible: price action, volume, moving averages, and support and resistance levels. Not much else. As we can see on the chart, ADOBE has been in an uptrend since its IPO. Despite significant pullbacks, it has consistently made higher lows, which allows me to confirm the overall bullish trend and draw a trendline that acts as support. The price has been dropping since December 2021 and is currently heading toward the support line. I have the impression that the price might go and test that support, which has worked very well on numerous occasions... Will it do it once more? From a price action perspective, I don’t see any signs of a reversal yet—neither in the long nor short term. Therefore, it will likely seek out the support to test it at approximately $220. The entry point would be when a reversal occurs, potentially leading to a rally that could reach the resistance line. We are talking about over 300%. Massive gains. For now, let’s not get ahead of ourselves, as the price hasn't tested the support zone yet. After that, we’ll need to wait for the reversal to enter. Keep an eye on it and wait. Patience is a virtue. I hope you enjoyed this. Best regards to all! ***This is for educational purposes only and not financial advice. Trade at your own risk***