Nvidia - The Future Is Actually Known!

Nvidia (NVDA) is repeating price action:

Click chart above to see the detailed analysis👆🏻

Back in 2018 Nvidia has been retesting the upper channel resistance trendline again and again before we saw a trendline break and a massive drop. We are seeing the same behaviour today but so far, Nvidia still manages to consistently respect the trendline.

Levels to watch: $200, $120

Keep your long term vision,
Philip (BasicTrading)

交易开始

Trading update on Nvidia (NVDA):

Click chart above to see the detailed analysis👆🏻

With the recent bearish pressure, Nvidia is now trading at a key inflection point which could decide the entire behaviour during 2025. Either bulls will now buy the short term dip and respect the rising trendline or we will see the break lower and a massive correction will follow.

Levels to watch: $200, $120

Keep your long term vision,
Philip (BasicTrading)

交易结束：到达目标

Trading update on Nvidia (NVDA):

Click chart above to see the detailed analysis👆🏻

As you can clearly see, after last month's massive drop, bulls are now starting to actually buy the short term dip on Nvidia. We witnessed the massive trendline breakdown, however since this is not a confirmed breakdown yet, with a rally this could turn into an actual fakeout.

Levels to watch: $200, $120

Keep your long term vision,
Philip (BasicTrading)

TheTraderPhil

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TheTraderPhil

#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
4K+ Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD