NVDA Starts to Rise Again?

NVIDIA has started a downtrend after a good growth and a bullish trend.

Currently, price is bouncing sideway between the SR zones. We still don’t know if price has done with the correction and the downside move, or it still wants to drop further.

Since price could not make a higher high and has made a lower high:
If the support zone which is around $290 broken out to the downside, there is a high probability of more drop towards the next yellow support zone around $265

On the other hand, price has been pushed to the upside from the first yellow support zone and could not make a lower low:
We can see the upside pressure and if price breaks the red resistance zone around $307 and makes a higher high and fixes above this level, we can expect more rise towards the last major high at $323 and in the case of an upside breakout on this level, the next possible target would be around $365