Yesterday Nvidia hit a new All-Time High, growing a total of 425% from October 2022 through January 2024, a 460 days long bullish phase.
This bullish phase is coming to an end.
âž– Bull volume peaked February 2023, almost a year ago.
âž– Bear volume has been predominant but also decreasing, continually, for many months.
âž– The RSI peaked May 2023; a long bearish divergence with NVDA which peaked yesterday.
We do not need to go much deeper. The fact that Bitcoin is set to enter a correction, the DXY going bullish, Gold going bearish and the stock market as a whole also going bearish, supports a market-wide correction.
The fact that this stock grew for a year and three months, tells us it had a nice run.
Market conditions are about to change...
Can it keep growing?
Yes, but at this point caution is advised, any additional growth can end suddenly and a massive correction show up.
Namaste.
This bullish phase is coming to an end.
âž– Bull volume peaked February 2023, almost a year ago.
âž– Bear volume has been predominant but also decreasing, continually, for many months.
âž– The RSI peaked May 2023; a long bearish divergence with NVDA which peaked yesterday.
We do not need to go much deeper. The fact that Bitcoin is set to enter a correction, the DXY going bullish, Gold going bearish and the stock market as a whole also going bearish, supports a market-wide correction.
The fact that this stock grew for a year and three months, tells us it had a nice run.
Market conditions are about to change...
Can it keep growing?
Yes, but at this point caution is advised, any additional growth can end suddenly and a massive correction show up.
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.