Nvidia (
NVDA) is repeating price action:

Click chart above to see the detailed analysis👆🏻
Back in 2018 Nvidia has been retesting the upper channel resistance trendline again and again before we saw a trendline break and a massive drop. We are seeing the same behaviour today but so far, Nvidia still manages to consistently respect the trendline.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
Click chart above to see the detailed analysis👆🏻
Back in 2018 Nvidia has been retesting the upper channel resistance trendline again and again before we saw a trendline break and a massive drop. We are seeing the same behaviour today but so far, Nvidia still manages to consistently respect the trendline.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
Zlecenie aktywne
Trading update on Nvidia (Click chart above to see the detailed analysis👆🏻
With the recent bearish pressure, Nvidia is now trading at a key inflection point which could decide the entire behaviour during 2025. Either bulls will now buy the short term dip and respect the rising trendline or we will see the break lower and a massive correction will follow.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
Transakcja zamknięta: osiągnięto wyznaczony cel
Trading update on Nvidia (Click chart above to see the detailed analysis👆🏻
As you can clearly see, after last month's massive drop, bulls are now starting to actually buy the short term dip on Nvidia. We witnessed the massive trendline breakdown, however since this is not a confirmed breakdown yet, with a rally this could turn into an actual fakeout.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
Keep your long term vision!
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Free: Join our "Elite Trading" community👇🏻
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Keep your long term vision!
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Free: Join our "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.