Confirmation/Entry: 124.46 (ideal) / 188.78 (early)
Invalidation: Local high
Target: Three targets on chart
TF: D
Leverage: 2x
Pattern: 1) Weekly bearish impulse with 2) break of weekly EMA50, and 3) death cross on daily.
NVidia closely resembles the Bitcoin chart! The manufacturer closely supplies digital infrastructure companies (crypto miners), many of whom are currently contending with low digital asset prices, regulatory clampdowns, and expensive hardware prices. Consolidations are imminent. And the secondary market for GPUs will likely slam retail prices and orders with the...