NVIDIA scenarioA clear trend, connecting with the Nasdaq and Bitcoin - price behavior that I like very much!
Entrances for investments only and not for scalp/swing trades.
NVDAD trade ideas
NVDA Breakout Potential in Downward Channel. Nov. 4, 2024Technical Analysis:
Current Trend: NVDA is trading within a downward channel but shows signs of a potential breakout, as it tests the upper trendline resistance.
Resistance Levels:
$142.26 - $144.50: Critical resistance zone near the top of the channel; a strong breakout above this level may signal bullish continuation towards $146 and beyond.
Support Levels:
$139.31 - $139.32: Closest support range, aligning with the current bid; if NVDA fails to hold above this, it could retrace toward $132.12.
$132.12: Major support level that has been tested previously, serving as a potential floor for further bullish attempts.
Indicators:
EMA (Exponential Moving Averages): NVDA currently trades near its EMAs. A confirmed move above the EMAs may strengthen the bullish outlook.
MACD: Shows upward momentum, suggesting buyers are gaining control, though further confirmation is needed for sustained strength.
Potential Entry Points:
Long Position: If NVDA breaks and holds above $142.50, consider a long entry targeting $144.50 and possibly higher.
Short Position: A rejection at $142 could lead to a retracement, providing a short opportunity down to $139, with a secondary target of $132.
Summary:
NVDA is at a breakout juncture within its downward channel. Monitor the $142 resistance closely for signs of continuation or reversal.
Disclaimer: This analysis is for informational purposes only. Always conduct your own research before trading.
Nvidia (NVDA)Calls above 136.07
Puts below 134.95
A wedge pattern can signal either bullish or bearish price reversals.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal from either side. This strategy is based on price action and the volume of a candle upon breakout.
Bullish on NVDA if it can hold above 136. Between 131 and 136, NVDA has experienced resistance and fallen back into its base twice on the weekly chart:
This area can act as support if the stock allows. I would consider a call option swing trade using the daily chart time frame if the price moves above 138.5 with a stop at 131. If it does break and go, my first price target would be 144 and if it continues up before earnings, I would look to take the rest of my profit either before earnings is announced or if I see the price extended from the 10EMA on the 4h or D chart.
However , it is possible that this doesn't play out until after earnings and NVDA continues to trade in a range for now, including a further decline to 125 or so. No clue where it could climb to if it does break, so I would pay attention to extensions from the 10 and 20 EMA as well as the overall market mood shifting to take profits.
NVDA Long D1Buy Stop Entry @ 129.98
S/L @ 90.88
T/P1 @ 169.52
T/P2 @ ---------
R.R.R. @ 1/1
Pure Price Action analysis based on Breakout of target level.
Nvidia So close to earnings report ! here is my analysis... In this chart, I haven't moved anything at all since my previous analysis of Nvidia. The price is making its natural movement just as we’ve been predicting.
As you can see, the last candle closed by bouncing off my order block and following the pattern of my forecast arrow.(yellow dotted arrow) Based on the price behavior, we can predict that as it gets closer to November 20 — the earnings report date — it will simply be accumulating.
Nvidia's last earnings reports have been phenomenal, and I don’t doubt that this report will be a trigger for the price to make a decision.
But for now, we’ll only see the price in a range until a few days before the report, when we’ll see those high-volume candles that will drive the price in a single direction.
Which direction? The one the report indicates.
Best regards!
Little rally to trap everyone? Then were caught holding the bag?10-11 expiration for NVDA has way to much open interest at 120 - 130 levels. 118 looks more realistic.
I think we can see a climb to 120-130 early in the week and a huge sell off to 118 to end the week.
If this happens, it opens the door to max pain of 112 - 113 by 10/18.
There are going to be so many traps this months and I think were all in the middle of one now.
Inversely, my theory above could be a trap as well haha. If this is truly a blow off top, $149 -$150 is my absolute peak.
NVDA Consolidation PeriodAs a disclaimer, I am long on SPY with 2 call options for the 600 strike on the December monthly, as well as less than 100 shares of NVDA, NVDY, NVDX, and NVDS.
I am expecting a spike in volatility TVC:VIX going into the election. NVDA's technicals show a strong engulfing bullish candle up through the 50ma and the downtrend line and now it has stopped at the 200MA and the next downtrend line. I think we will see it return to the 50MA. consolidate, and then if Trump wins (no politics please, I just expect a Trump victory to be a boom for the crypto space which would in turn boost demand for NVDA products) I would then expect this to continue much higher. It has been finishing some unfinished auctions it left behind in it's last bull run.
IV rank has come down to bearish levels according to the VixFix model in ETH on H1.
This suggests a move down in the immediate short term.
Nvidia Mania.Nvidia Mania.
RECORD distance from 36 month moving average unwinding.
Peak FOMO most likely behind us.
Lots will get trapped.
#nvidia #nvda #capitalrotation
NVDA added to DJI conditionsEntering this news we have to consider a priced in aspect to it, however with fibs or with some pattern finding we can identify the next possible ceiling at 166. From previous entry into bullish pendant to the proportional move up including the current acceptance of support at 131 we can see another pop up before re-evaluating its relationship to SMCI and their auditing issues.
Top 5 Weekly Trade Ideas #5 - NVDA Broadening WedgeNVDA has been consolidating after making a new ATH and pulling back. Here on the 4hr we have a broadening wedge and a bounce at $131.50. Key area is gong to be right around here to all time high. Bullish above and bearish below. Quite bearish IMO if it breaks below the wedge and below $131.50.
$131.50 is a great spot to long at or short on a break. ATH may be a good short, but I'd like to see the trend break with a new lower low before shorting given the strength of this stock.
NVDA Technical Aanlysis for Nov.1, 2024Technical Overview:
Current Price Level: NVDA is trading around $134.42, which lies below recent resistance levels and may act as a zone for potential pullbacks.
Support and Resistance:
Support: The nearest support level appears around $132.11, where price previously found stability.
Resistance: Significant resistance is present around $137.46 and $136.84, which could challenge upward movement.
Trend Analysis:
A downward trendline is apparent, with price currently testing it. This trendline may act as resistance unless a strong breakout occurs.
The EMAs are sloping down, suggesting bearish momentum in the larger trend, although recent candles show a potential attempt at a reversal.
MACD:
The MACD histogram shows positive momentum, with a recent crossover signaling potential bullish momentum. However, the move should be confirmed with sustained buying pressure.
Volume:
Volume on the recent upward move is moderately high, which can indicate buying interest. If volume increases as price nears resistance, a breakout might occur.
Trading Strategy for Tomorrow:
Bullish Scenario: If NVDA breaks above $136.84 with strong volume, this could open a path to test $137.46. A confirmed break above these levels might signal further bullish momentum.
Bearish Scenario: If NVDA fails to break above the downward trendline and $136 resistance, a pullback toward $132.11 is possible. A breakdown below this level may lead to lower support targets.
Entry and Exit Points:
Long Entry: Consider entry on a strong breakout above $136.84, with targets near $137.46 and a stop loss around $134.
Short Entry: Consider entry below $132.11 if bearish momentum picks up, with a target of $130, setting a stop loss above $134.
Disclaimer:
This analysis is for informational purposes only and is not financial advice. Always perform your own research and consider your risk tolerance before making trading decisions.
NVIDIA Bearish Potential Intact (Let Me Explain!)NVIDIA (NVDA) just produced a double-top and I shall explain why this situation right now is extremely bearish.
➢ First, the session that produced the new ATH closed red and two sessions earlier there was a bearish signal.
➢ Second, trading volume continues to decrease as a new high is hit.
➢ Third, NVDA is trading at resistance, the strongest resistance possible and the strongest resistance ever, the All-Time High.
Caution: The people who draw these charts, the section of the market that have enough purchasing power to move it are all professional traders. What we know and what we can see and spot in a chart they know a million times better and they have access to data that we do not have. This type of chart setup can be exploited by professional traders. While they know a crash is imminent because of price dynamics, fundamentals and market conditions, they can still work to push prices higher in order to produce one final fake-out before the major drop. Think of Binance Coin around June 2024, something like this.
Regardless of these market moves, the short-term or other unexpected scenarios, the market is set to crash in the coming weeks or months.
This is warning for the clueless ones. We sell at resistance (high prices) and buy at support (low prices).
Thank you for reading.
Namaste.
NVDA bear ABCD to 90.80Recent bull Dragon Xd harmonic has hit target. reversal into ABCD bear harmonic will drive price sharply lower to 91
NVDA Forecast Until END of 2024This is just an opinion, but I think we have some consolidation, and after that, hopefully, we will be back on the upward trend again by the end of 20204.
Help a brother out!Looking for support at $121. I'm sure by next week we'll see if we bounce off $121.
NVDA Back to SupportIt's a bit of a bloodbath today for tech, but NVDA is coming right back into support after rejecting at ATH. Should be a key area to determine direction, I'm leaning towards a bounce but it's rough out there right now. Either way, decent setup here.
Both the long and short have good R/R. Long here with a stop below $131.50ish, or short on a break and retest with a stop above.
This is Wyckoff Volume Spread Analysis in a Downtrend In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, shows one of the major Volume Spread Analysis set ups to go short, No Demand in a downtrend.
In this example Gavin went short in the NQ Nasdaq futures because of bullish news in stock NVIDA which caused both the index and the stock to collapse at the time of filming.
All markets move on three key universal laws.
Supply and Demand
Cause and Effect
Effort Vs Result
You can get a copy of the latest Wyckoff VSA trading plan by going to www.tradeguider.com and clicking on the TradeToWin page or contact us on livechat on the front page.
Wishing You all good trading and constant profits,
Gavin Holmes
Author "Trading in the Shadow of the Smart Money"
www.amazon.com
THRIVING IN CHAOSAs elections draws near, the result/outcome will definitely affect the financial market so WHY WILL NVIDIA GROW EVEN WITH THE WW3 LOOMING?
1.NVIDIA is the leaser in the artificial intelligence(AI) and data centre industries, largely due its cutting edge GPUS. These GPUs are essential for training large AI models like OpenAI's GBT series and other machine learning systems.
2.The company's AI- focused hardware, particularly the H100 GPUs ,is essential for training deep learning models ,autofocus vehicles and cloud based AI system
3.NVIDIA is branching into automotive AI and autofocus driving technology, partnering with companies like Mercedes and other automakers to provide the computing power needed for autonomous vehicles.
4.This company has has seen enormous growth in its data centre segment, which now contributes significantly to its revenue
6.The company has made strategic acquisitions, such as MELLANOX, which expanded its data centre and networking capabilities
AS TECHNOLOGY CONTINUE TO EVOLVE ,NVIDIA WILL BE THE CENTRE OF ATTENTION. LONG TERM BUY
There is a bullish structure that has been formed( w pattern) inside a bullish triangle showing a continuation bull movement/mometum coming . good luck on the longs
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline:
Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant.
As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0).
Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals.
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10/31/2024. NVDA Daily chart--> KEY LEVELSNVDA: Buyside needs to hold: 135.90. Buyside daily target: $145.18
If $135.90 breaks, possible today (YM has daily sell trigger already), NVDA could retrace to $125.01 (buy line, exit point from initial break of 117.
NVDA lets go DOWNNASDAQ:NVDA
I would like to ask you to support me and subscribe to me on tg. The link is in the signature.
I continue to believe that the short on this stock will quite reach the lower values. Let's open shorts and take our profit soon.
Expect a move to 148 this weekTesla has been steadily grinding higher in this upwards channel. It just formed a nice cup and handle and consolidated it's last high as a new bottom. This is ready for a next leg up.
