ADA parallel downward channel

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In the labyrinthine landscape of ADA's price movements, a discernible pattern weaves a tale of its trajectory. Imagine two lines, one above and one below, forming a parallel corridor that ADA's price seems to navigate. This corridor, akin to a financial passageway, is defined by its unyielding upper resistance line and its equally steadfast lower support line. These lines sculpt the course of ADA's journey, much like the guiding walls of a riverbed. Within this corridor, ADA's price dance is punctuated by two recurring formations: Higher-Low and Lower-Low structures. These formations, akin to the footprints left by a cautious wanderer, narrate a tale of declining highs and descending lows. In simpler terms, each peak reaches a lower height than the one before, while each valley plunges deeper than the previous. This symphony of movements weaves a story of a bearish journey