Nvidia (
NVDA) is creating a massive breakdown:
Click chart above to see the detailed analysis👆🏻
For the past decade, Nvidia has been trading in a rising channel formation, perfectly following major rally and retracement cycles. But now we are starting to see some weakness on Nvidia and a break below the smaller timeframe support trendline will lead to a massive move lower.
Levels to watch: $110, $60
Keep your long term vision,
Philip (BasicTrading)
NVDA) is creating a massive breakdown:Click chart above to see the detailed analysis👆🏻
For the past decade, Nvidia has been trading in a rising channel formation, perfectly following major rally and retracement cycles. But now we are starting to see some weakness on Nvidia and a break below the smaller timeframe support trendline will lead to a massive move lower.
Levels to watch: $110, $60
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Nvidia (NVDA):Click chart above to see the detailed analysis👆🏻
For Nvidia, this month will be extremely decisive since we will either see even more continuation towards the downside, confirming the overall trendline breakdown or we see a strong push back up, invalidating the breakdown. So keep an eye on Nvidia this month.
Levels to watch: $110, $60
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Nvidia (NVDA):Click chart above to see the detailed analysis👆🏻
Nvidia is now trading at an extremely strong inflection point which can 100% determine price over the next couple of months. Either we see the breakdown confirmation or this breakdown will turn into a false breakout, which would then immediately result in new all time highs.
Levels to watch: $130, $60
Keep your long term vision,
Philip (BasicTrading)
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.