We are interested in the NVDA stock due to its close correlation with Bitcoin, when it comes to price action.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
➖ NVDA produced a top, clearly, 20-June.
After this top it consolidated a little bit and on the 3rd of July produced a full green candle but with no volume.
➖ On the 5th of July we have a red-candle. This red candle produced a lower high and happened right at resistance.
👉 These signals based on candlestick patterns point toward a new drop/down-move starting next week. This would indicate and support a down-move on Bitcoin's side based on the positive correlation between these two assets.
That's all for today.
Thank you for reading.
Namaste.
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More 👉 t.me/masteranandatrades/6681
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🚨 Get the FULL (6-in-1) PREMIUM PACKAGE
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.