For NVDA holders; NVDA has been in a strong downtrend, forming a series of lower highs and lower lows.
The price recently tested a key demand zone (114.49 - 117.07), showing signs of a possible reversal.
Breaking the supply zone (120.02 - 124.79) would be a bullish confirmation.
A breakout above 127.87 ( last swing High) would further confirm that the downtrend is over and a new impulsive move is beginning.
The price is challenging the downtrend line at the moment, and a strong breakout could trigger a strong rally.
✅ Bullish Signs to watch:
Break above 120 = Confirmation of strength
Break above 124.79 = Bullish breakout
Break above 127.87 = Strong confirmation for trend reversal
🚨 Bearish Signs:
Rejection at 120 or 124.79 could lead to further downside.
A drop below 114 would invalidate the bullish thesis.
"Amateurs focus on how much money they can make. Professionals focus on how much they can lose." – Jack Schwager
🚨 Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly. 🚨
The price recently tested a key demand zone (114.49 - 117.07), showing signs of a possible reversal.
Breaking the supply zone (120.02 - 124.79) would be a bullish confirmation.
A breakout above 127.87 ( last swing High) would further confirm that the downtrend is over and a new impulsive move is beginning.
The price is challenging the downtrend line at the moment, and a strong breakout could trigger a strong rally.
✅ Bullish Signs to watch:
Break above 120 = Confirmation of strength
Break above 124.79 = Bullish breakout
Break above 127.87 = Strong confirmation for trend reversal
🚨 Bearish Signs:
Rejection at 120 or 124.79 could lead to further downside.
A drop below 114 would invalidate the bullish thesis.
"Amateurs focus on how much money they can make. Professionals focus on how much they can lose." – Jack Schwager
🚨 Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly. 🚨
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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.