NVIDIA Corporation (NVDA) short term outlook is bullishNVDA is currently consolidating within a bullish flag pattern, as indicated on the chart. A breakout above the current consolidation zone is likely before the price can move towards the $127 resistance level. If the stock breaks out of the flag with strong volume, it would confirm a continuation of the recent bullish trend. Once the breakout occurs, the next target would be $127, where the descending triangle's resistance comes into play. However, a failure to break out of the flag pattern could lead to a pullback towards $105 support. The stock's proximity to its 50-day moving average adds significance to this area. Monitoring the breakout from the flag pattern is key for confirming the next upward move.
NVDA
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Is NVDA the catalyst for the market?NVDA just had a bearish crossover of the 20 & 50 MA (Daily chart)
Last time we saw this bearish moving average formation was in early August.
NVDA proceeded to fall sharply in the coming days.
All eyes on the market leader. All eyes on the QQQ.
Will the Q’s be the demise of SPY?
If Nvidia sees anymore weakness you can be sure it will have other semis following suit.
Risk to reward in the near term is clear.
NVIDIA's Four-Hour Dip: A Macro Correction or Bigger Shift UPGood afternoon or evening, traders!
What a rollercoaster of a day! The market followed our expectations—correcting, then taking a dive. But wow, did anyone expect that explosive breakout at 9:30 am? That’s the thrill of the open!
In this video, I'm staying neutral, but here’s what we need to watch: a breakout above 119-120 opens the door to 140 and beyond—a very real possibility. On the flip side, a dip below current levels could see us exploring the 90 range. Something to keep in mind!
Thanks for watching, and apologies if I sound a bit tired—it’s been an intense day.
Happy trading, and let’s keep riding those waves!
MB Trader
NVDA MICRO ANALYSIS TO LOOK FOR ON WHERE WE ARE GOING Good evening traders,
It's super late here; however, I wanted to inform you of some levels with this video to give you the information needed to make a better trade.
Based on what I see, we can do the following:
-Correct up to the middle pitchfork area and head back down.
-Correct up to the 50%, 61.8%, or 78.2% fib line and back down.
-Break all those levels up and keep going to 145.
Let me know what you think of the video: questions, comments, what you liked, didn't like—let me know in the comments below.
Happy hunting,
MB Trader
NVDA continues to show more selling aheadNVDA has clearly finished its brief rally failing to reach long term resistance level. A new downtrend has commenced
first broke under its upward trend and failed to regain
new downward trend formed, attempted to break above but failed and sold off
volume has increased as the sell off continues solidifying the downward trend
RSI validate the sell off by also steadily trending down as the price moves lower
We should expect NVDA to continue with its sell off
NVDA 4 hour : How High Are We Going????Good morning Traders
Today's quick video I look at the four hour approach on the different things this market can do:
1) We go the top then retrace down
2) We break the Top and then retrace then back up to 122 range
3) We hold on the top and then we make a tight triangle holding this market in then we see a break up or down
Enjoy the video
Any comments or questions let me know
Happy Hunting
MB Trader
NVDA Long Idea - September 16, 2024Hi all,
I was having some fun adding graphics to my chart this morning & thought I would share with the community. Some may or may not agree with me, but this is what I am seeing.
I didn't outline how I arrived at this, but just sharing my overall thoughts on the short/mid term movement of the NVDA Stock.
Also if my fun graphics make some laugh it is worth while.
ibb.co
Chart View:
NVDA: Weekly to 4 hour: How low are we going: Correction ? Good morning Traders
Hope everyone had a great weekend of trading:
I created a video to give you a gauge on where NVDA is going. We have an correction but is it true correction is the question.
Let me know what you think of the video, comments are always welcome.
Happy hunting
MB Trader
NVIDIA (NVDA): Our Next Move After Predicting the TopJust 14 days ago, we analyzed NVIDIA and concluded that we might see a small push upward followed by a pullback. We were correct, although the last small push didn't materialize. Still, we're pretty happy that we called the top on NVDA accurately, and perhaps some of you were able to capitalize on it. If so, that makes us even happier 😄
Since our last analysis, NVIDIA has fallen by 21%, bringing us into the area where we should be looking for long positions. We're about to do just that, even though it's risky. We're planning to enter a long position on NVIDIA, with our stop loss set below the end of Wave (4) for invalidation. We don't have a specific target set for NVDA, and we'll be monitoring it closely. Given the risk involved, we won't be over-leveraging here.
Let's see if we can get it right again!
NVDA, long, Entry: 119.15, Stop: 118.30, Timeframe: 1h**Trade Type:** long
**Ticker:** NVDA
**Entry Price:** 119.15
**Stop Loss:** 118.30
**Take Profit 1:** 120.40
**Take Profit 2:** 121.15
**Risk/Reward Ratio:**
**Timeframe:** 1h
**Trading idea only, not financial advice. Any use of this information is solely at the user's own risk.**
Nvidia made a sudden turn, showing us a very important key zone! The price has shown a turn exactly in our GAP area, and this is where it gets interesting because this turn gave much more validation to our GAP area by bouncing precisely off of it. From here on, the bearish sequence has, for the first time, been incomplete due to the swing-turn that occurred before reaching support on our point #4.
The question is: is this the moment when the price will break the resistance of our channel? Time will tell, but for now, we've identified a new zone where there is greater buying pressure, and it's exactly the same zone we've been studying for several weeks.
If you've been following this analysis for weeks or months, you'll notice that everything is unfolding according to our price action and institutional analysis.
From here on, we just need to wait for the breakout, and remember, this time it could be different since we're in very important months where the elections heavily influence price behavior.
Best regards, and thank you for supporting my analysis.
Bitcoin Zip LineI’ve been tracking the course of bitcoin for the last 5 years. I think we are in for some major volatility soon!
Scenario 1:
The bitcoin price will rally as elections are heating up, and more people are sponsoring bitcoin and other meme coins in this period, in addition the tension in the Middle East . Consequently, the US market seems to have some underlying affect on the price of bitcoin. It is connected to the dollar. De-dollarization is a reality. But, you can’t back out on currency yet, too many people would be affected. People presently and people how will. So I expect the fed to cut rates hard, and quickly, without a doubt saving the economic bubble waiting to pop soon. Leading to a red swan event. No I did not say black. Red swan would be a global market chain reaction.
Bitcoin would break upward toward the resistance area $68,387- 69,000which has been building since November 10th, 2020.
If that occurs bitcoin could fall and complete a long striking falling wedge buying opportunity with a target of $42,000 and a liquidity pool around $37,600. Bitcoin could continue with selling pressure, or the big institutions will buy back bitcoin leading to an all time high price in a parabolic move toward $79,000, $100k, 150k, and $200k. Why so high? In short summary banks, coin IPO’s, Mining Harvests, Ripple, and AI
This would be the greatest buy opportunity for either any retail trader or institutional investors. Maybe even private owned firms, government agencies, and owners of any equity.
Scenario 2: A test of the $68’387-$69,000 area and a breakout to $73,000 could lead the price to $79,000. If this price is reached, bitcoin will either decide to test shaky hands and liquidate. As a matter of fact, new hands coming in, can squeeze toward $90,000 above 100k before deciding a true bullish path. Same rules apply on the buy opportunity. This would be parabolic as well which would make $42,000 the main support zone in a long term situation drawback.
This is just a prediction, good luck ;)
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
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Nvidia Stock NVDA Forecast Technical Analysis
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NVDA long term trend still looks bullishNVDA over past 3 months has been slowly trending downward since July. This is not a cause for concern yet, its normal in late Summer for markets to contract.
Past 3 slowly trend downward
Year long upward trend still being followed
Its normal for late Summer to have pullbacks
NVDA remains in very bullish range and right now producing buying opportunities
Nvidia gearing up for potential more upside push?Bear in mind that August and September typically yield negative returns for the broader market. However, Nvidia managing to close above its previous bearish candle is a good indication that it has fuel left in the tank for another potential run to the upside.