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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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.