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Nvidia looks pretty flat these days but it needs to MOVE ! We believed Nvidia would make the turn to validate and then break point #5, but that wasn’t the case. Nvidia remains within the bearish sequence, but it still hasn’t been able to give us confirmation of reaching point #5. The only thing we need to consider is the structure of the bearish channel, in which the most important part of this structure is our GAP zone (blue), as that’s where most buy orders are positioned, and we can see it has respected it correctly (see green circles). The scenario over the last few days looks very flat; Nvidia has to break the line it’s currently on to activate our point #5 or, in another scenario, retest the GAP Zone, which it has already tested and is of great importance since that's where the largest number of buy positions are concentrated. So, if it comes back to touch our GAP Zone (Blue), you know what to do! Best regards, and thanks for supporting my analysis.
NASDAQ:NVDA
by RocketMike111
1
GOOGLE looking strong ! we identified a important area. Google needs to break the bearish sequence channel. We have discovered several inflection points that create a very important zone, which is fully respected. When the price falls into this zone, it simply bounces because historically, these inflection points (green circles) have shown a liquidity and trend action. If you can see on the 3rd circle, there is a high-volume candle that, upon rejecting the downtrend, creates a zone that could become a support zone if the price were to fall, and that’s exactly what happened in our 4th circle. GOOGL is undoubtedly showing a lot of strength; however, this coming week, Google needs to show the same strength it has demonstrated over the last two days. In other words, we need enough volume for the price to break the sequential channel and see Google back above 168 or more. We will see how it goes this week. Thank you for supporting my analysis. Best regards.
NASDAQ:GOOGLLong
by RocketMike111
1
BITCOIN in trouble? check this out first... There is no doubt that Bitcoin is in a downward trending channel. As you can see in this analysis, Bitcoin has been in a bearish sequence since the highest point (#1), bouncing within the channel until it was rejected at point #5, which did not break through our green confirmation zone and instead dropped to the purple inefficiency zone. If you look closely, the purple inefficiency zone has shown significant strength for months (since April). It's a crucial area because when the price reaches it, there is a strong volume and buying pressure. There are only two possible moves the price could make this week: Move 1: The price could stay in our purple inefficiency zone and consolidate, accumulating for its next bullish trend. Note: Point #5 was a total rejection and decided to disrupt the sequence that Bitcoin had from point #1. Move 2: The price could simply respect a large-scale supply and demand zone, in which case we might see the price continue to drop, allowing it to enter a demand zone and then take off into a bullish market. What will happen? We really don't know, but what we can conclude from this postis that since the beginning of this analysis several weeks ago, the price has moved in our favor just by using basic price action concepts.I am very satisfied with this analysis, and I'm glad you were able to benefit from it, if you have been following this analysis closely, The price has been moving according to our prediction, And whenever I see these kinds of charts or analyses, I remember the words my mentor used to tell me: always remember that the price action is always right. I sincerely appreciate your trust and support in my study. I send you a warm greeting, and always stay alert for the next move. -RM
COINBASE:BTCUSD
by RocketMike111