NVDA: This is the MOST important RESISTANCE for the short-term.

Hello traders and investors! Let’s see how NVDA is doing today!

In the 1h chart, we couldn’t fill the gap at $ 228, but we almost hit there. Now, we see the beginning of a reaction, and this might be something good.

However, we don’t see a true reversal pattern yet, only a sideways correction. The trend is still slightly bearish, as we are under the 21 ema (and it is pointing down). Everything could change the moment NVDA breaks the $ 237 again, and starts trading above the 21 ema.


The daily chart reveals a strong bear trend, and the purple trend line is the main resistance for us in the mid-term. If NVDA breaks the 21 ema and $ 237 in the 1h chart, we can expect another retest of this purple line.

Now is the best time for a reaction, as we are holding above the 61.8% retracement. The technicals suggest a short-term reversal, but NVDA must trigger its signs first. Let’s pay attention to the key points mentioned in this analysis for now.

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