NVDA appears to have completed Wave (3) and could drop to ~$100.
A potential ending diagonal forming + DOUBLE bearish divergence. ๐จ
NVDA feels heavy. Unlike the past two breakouts that blasted through resistance like a ๐, the latest breakout at ~$141 feels like itโs stuck in the mud! ๐
So, where would I go long?
๐ฅ~$100 = Very Strong Buy ๐๐๐
Remember: if NVDA falls, so will Nasdaq (and BTC)! I am holding lots of cash! ๐ฐ๐ฐ
A potential ending diagonal forming + DOUBLE bearish divergence. ๐จ
NVDA feels heavy. Unlike the past two breakouts that blasted through resistance like a ๐, the latest breakout at ~$141 feels like itโs stuck in the mud! ๐
So, where would I go long?
๐ฅ~$100 = Very Strong Buy ๐๐๐
Remember: if NVDA falls, so will Nasdaq (and BTC)! I am holding lots of cash! ๐ฐ๐ฐ
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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.