NVDA : Channel uptrend - Logarithmic or Not ?Hi everyone
For long term chart period, a Weekly in this example, it is interesting to activate the Logarithmic price scale, the letter "L" at the bottom of the price scale.
On the right side chart, as the Logarithmic scale is activated (L highlighted), I have seen and traced a Channel.
Wowww!!! This a very interesting uptrending channel.
On the left side chart, "L" is not activated and the same chart doesn't show the channel as seen on the right side chart. So now, it is unusable.
But more, if I trace a yellow line at the same points as seen on the right side chat, surprise, it is not a Channel anymore, but it is a triangle...
Humm... :-)
Have fun.
NVDA
NVDA we ended the week with an Inside Candle What this means?Nvidia NOTE: We closed the week with an "inside candle" as the last candle.
What does this mean?
Last week, we analyzed the price movement, basing it on the idea that with strong momentum and divergence, the price could continue upward. However, for it to reach the point of interest, the price needed to make its natural retracement.
And that’s exactly what happened (I can hardly believe it myself).
The objective was met, and the price reached our highest point of interest. The issue here is that Nvidia still has a long way to go before it can make that bullish push!
The week closed with an "inside candle," or what some refer to as a "pregnant candle" (don't blame me, that's what they call it).
This type of candle pattern is bearish because it's when a candle loses momentum and starts to change direction. And it's quite obvious—if you can see, my point of interest comes from none other than an institutional liquidity zone. The price may start to struggle in this area, but that doesn’t mean it will fall drastically. No! Let me explain:
NVDA has been coming with a lot of strength since last week, and upon reaching an area where the price has historically retraced, it’s clear that this zone is like a swamp. The price will face the challenge of getting out of this swamp.
So...
The price comes in strong, touches an institutional zone, pauses, and starts forming bearish candle patterns. What is the price telling you?
To wait! The price will most likely make a retracement but will create a range where it will try 1, 2, 3 times or more to break out of this swampy area.
What should we be watching for? 1. Strong volume, and 2. A ranging channel fluctuating between supply and demand, which is essentially accumulating for the next push.
In the meantime, we’ll see what movement happens next week.
Best regards, and thank you for supporting my analysis.
BITCOIN Takes A Dump!As previously stated. Are Buy above the level $60,000 has led to the major resistance of $68,000-$69,000. I believe will will have a major rejection leading to a plummeting fall towards $65,000 and below $60,000. Any break through $59,000-$56,000 could lead to a triggering fall towards $48,000. If bitcoin reacts negatively with the $48,000 support, this could consequently put us at a liquidation area of around $42,000-$38,500
This is just a prediction, please be safe trading. Good luck!
Can NVDA hit 200 USD in Q1 2025?🔸Time to update the NVDA trade setup, previously was expecting
a correction in this market, based on fundamentals we are definitely
overextended, however NVDA so far is trading purely based on momentum
ignoring the fundumentals. It's the star stock of the 2024 stock market.
🔸Previous strong uptrend, we broke above key psychological S/R at 100 usd. Right now we got a compression setup, expecting limited upside / pullback heading into US elections, having said that probably any downside beyond 115/120 usd is very limited. current floor set at 100/110 USD.
🔸Compressing into wedge formation, most likely we will break out
to the upside following a shallow pullback in November 2024.
Also November/December is a very strong seasonal period for US stock
market, so it's really hard to recommend short selling NVDA.
🔸Recommended strategy bulls: expecting pullback near 114/118 USD
in November going into elections, limited downside beyond 110 USD.
BUY/HOLD near 114/118 TP bulls is 200 USD, which is almost 75% upside.
Most likely we will reach target somewhere in Q1 2025, probably January.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NVDA Great ROI Trade Bullish to 145+ Hi Trading Family
Here is an update for you: a potential finish of our correction down from the analysis we currently did today. Massive ROI and break up potential, if your looking for a great trade with low risk ie put your stop below the low and let it run to 145 this could be the trade your after
Hope this helps
Mindbloome Trader
NVDA – Ride to 146 or Wipeout at 137?Alright, folks, here’s the deal. NVDA is balancing on the edge—either we ride the wave up to 145-146, or the market drags us back to 137-138 for a reset. This is that make-or-break moment where bulls need to paddle hard or risk missing the set.
Key Levels:
Support: 137-138 (black box) – Lose this, and it’s back to the lineup.
Target: 145-146 (orange zone) – Bulls need to hit this to stay in control.
It’s all about how price moves in these channels—either we push higher, or we take a quick dip before the next chance comes.
What do you think—are we riding this wave or catching some chop? Let me know below.
MB Trader
Ride the wave
TSLA Best Level to BUY/HOLD 30% gains ABCD fractal🔸Hello traders, today let's review 4hour price chart for TSLA.
Recently we gapped down back into trading range, based on previous
update I still maintain neutral outlook until we complete the
re-accumulation structure, details see idea below.
🔸Having said that I'm expecting a decent 30% bounce in TSLA based
on the ABCD price fractal. ABCD fractal from 2023 projected into
the current market structure, point D expected near 188 usd timewise
most likely December/January. This will be a good reload for the bulls.
🔸Recommended strategy bulls: Bulls wait for pullback to complete
near 188 / point D and BUY/hold for a 30% bounce play. Exit/TP at 250 USD.
good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NVIDIA’s Tug of War: Bulls and Bears Face OffMorning, Trading Family! NVIDIA (NVDA) is stuck in a standoff between bulls and bears. Green arrows point to a possible breakout toward $146, while red arrows warn of a drop toward support around $127.50. It’s all about watching how price reacts at these key levels—whether momentum pushes it higher or sellers step in and take control.
Stay patient and focused. Trade what you see, not what you hope for.
– Mindbloome Trader
Nvidia (NVDA) Shares Fall Over 4%, Missing a Record HighNvidia (NVDA) Shares Fall Over 4%, Missing a Record High
On 12 September, when analysing Nvidia’s (NVDA) stock chart, we drew an upward channel (shown in blue) and noted several resistance levels, including:
→ a downward trendline (shown in red);
→ a psychological level at $130.
As Nvidia’s (NVDA) stock chart shows, the bulls managed to overcome this resistance zone with a strong candle on 7 October (marked with an arrow).
Afterwards, Nvidia’s (NVDA) stock price reached the median line of the blue channel, but sharply reversed downwards yesterday. The bearish sentiment was driven by:
→ a broader decline in the US stock market, potentially due to investors reassessing risks following the initial corporate earnings results as the reporting season gains momentum;
→ rumours that the US government is preparing restrictive measures (which may affect Nvidia) to prevent the export of high-tech chip manufacturing technology abroad.
As a result, Nvidia’s (NVDA) stock price dropped by approximately 4% yesterday, just shy of the record set on 20 June.
What’s next?
A technical analysis of Nvidia’s (NVDA) stock chart suggests that support could come from the zone formed by the strong bullish candle on 7 October:
→ this area includes a combination of psychological levels at $130 and $125;
→ here, demand forces proved their strength, overcoming the red resistance line that had been in play for nearly four months (this line could now act as support);
→ a bullish Fair Value Gap can be found on the daily chart in this area.
These bullish factors suggest that the price could make another attempt to set a new record by rebounding from the $125-130 support zone.
On the other hand, the bears are showing signs of control around the psychological level of $140, near the record high and the median line of the blue channel.
Meanwhile, forecasts remain positive. According to a Tipranks survey of 42 analysts, 39 recommend buying NVDA shares, with the average price target for NVDA standing at $152.86 in 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Will NVDA Bounce or Breakdown? Key Levels to Watch at $129 and BGood evening Trading Family
NVDA is at a critical point right now—will it bounce back from $129, or are we headed down to $126 (or lower)? Let’s dive into the key levels I’m watching and break down what might happen next. If the market holds up, we could see a solid bounce, but if not... well, buckle up for a bigger drop. No fluff—just some good ol' technical analysis with a dash of Fibonacci and candlestick magic.
If you found this helpful (or just mildly entertaining), give it a like, drop a comment with your thoughts, and hit follow for more updates. Your engagement helps me keep the content coming—and who knows, it might even help NVDA bounce back too!
MB Trader
Trade what you see not what you assume
Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Bullish on NVDA: Riding the AI Wave!In trading, understanding the probabilities is crucial. By analyzing historical price movements and applying mathematical principles, I can identify high-probability setups on my charts.
This mechanical strategy allows me to make informed decisions about entering long positions on NVDA.
Why probabilities?
They help me navigate the unpredictable nature of the market, ensuring that my trades are backed by solid data rather than just intuition.
Here are some key fundamentals currently supporting a bullish bias for NVIDIA (NVDA):
- Surging Demand for AI Chips: NVIDIA is at the forefront of the AI revolution, with its chips being essential for training large language models and powering generative AI applications. The company has seen a staggering increase in demand for its GPUs, particularly the H100 chip, which has become critical for tech giants like Microsoft, Google, and Meta.
- Impressive Financial Growth: NVIDIA's stock has surged over 150% this year, significantly boosting its market capitalization. Analysts expect continued strong revenue growth, with projections estimating a 75% increase in third-quarter revenue to approximately $31.69 billion. This financial momentum reflects the robust demand for its AI-related products.
- Strategic Positioning in Data Centers: As companies invest heavily in AI infrastructure, NVIDIA's GPUs are becoming indispensable for data centers. The projected global capital expenditure on data centers is expected to rise dramatically, benefiting NVIDIA as it supplies the necessary hardware.
- Innovative Developments: NVIDIA is actively developing new AI processors to comply with U.S. export regulations, ensuring it maintains a foothold in critical markets like China. This adaptability positions NVIDIA favorably against rising competition from companies like AMD and Huawei.
- Market Leadership: With its early investments in AI technology and continuous innovation, NVIDIA has established itself as a leader in the AI chip market. This dominance allows it to command premium prices and maintain high profit margins, which were reported at 79.1% in the first quarter of 2024.
These factors collectively create a strong foundation for a bullish outlook on NVIDIA as it continues to capitalize on the growing demand for artificial intelligence technologies.
Join me in this journey towards maximizing our potential gains as we ride the bullish wave!
12M:
2W:
1H:
NVIDIA | A Second Technical Entry Opportunity This Year
NVIDIA has presented two key technical entry points for investors in 2024.
The first entry came during a correction in early August around the $100 level, which was shared on my TradingView channel.
The second opportunity is now, following last week’s close at an all-time high level.
After NVIDIA's strong rally in 2024, there have been two technical opportunities to enter the stock. The first was during the correction in early August around the $100 mark , which I highlighted in my earlier TradingView post.
The second opportunity has emerged now, as last week's closing price marked the highest in history. While the stock hasn't officially hit an all-time high yet, it has broken through the critical $130 resistance level, which had been a barrier for the past four months. This breakout puts the stock in what is often called "open waters," where there is no significant resistance overhead.
It's important to note that while this presents a potential technical buy, fundamentals play a key role here. The resistance of four months is relatively short in terms of a breakout, and from a psychological perspective, buying at current highs can feel doubting. While the technicals suggest a reasonable entry, it’s crucial to have a clear thesis, a long-term holding plan, and solid fundamental research.
At this point, I would say that entering the stock now carries more risk. It’s not a good entry point for short-term gains, and I wouldn’t recommend an "all-in" approach at these levels. Only investors who are willing to add to their position during a pullback, and who have done their fundamental homework should consider buying now with a long-term perspective.
Summary
NVIDIA has presented two technical buying opportunities in 2024, with the latest one emerging after a modest breakout above $130. While there is potential for further gains, such as a move toward $150-$170, this is a riskier entry, especially for short-term traders. Investors should consider the current market environment, do their fundamental research, and only buy if they’re prepared to hold for the long term or add to their position in case of a pullback.
Regards,
Vaido
Opening (IRA): NVDA Nov 15th 83/98/143/158... for a 2.70 credit.
Comments: 30-day IV remains fairly decent here at 48.9%. Going wider than I usually do from a delta standpoint, with the short option legs camped out at the 16 delta, but with the wings at standard width (1/10th the price of the underlying), knowing that I will probably adjust the setup at some point given its duration (56 DTE).
Earnings haven't been firmly announced yet, but are likely to occur right around mopex (~11/14), so will look to be out of the trade by then.
Metrics:
Buying Power Effect: 12.30
Max Profit: 2.70
ROC at Max: 21.95%
50% Max: 1.35
ROC at 50% Max: 10.98%
Will generally look to take profit at 50% max; roll in sides to delta balance.
We're almost here!We are now just a point from my long held target of a double top, in what I am counting as an irregular (B) of intermediate degree.
Since price is behaving accordingly, I will not expand on what I have been forecasting for some time except to say that if shorting Nvidia in this area (as with any trade) make sure you are using stops...but best to wait for 5 micro waves down, followed by a micro corrective retace for the ideal set-up.
QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE NASDAQ:QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE INBOUND!
NASDAQ:QCOM IS ON THE UP AND UP!
- Symmetrical Triangle Breakout
- Stochastic Curling Upward
- MACD Crossing Zero Line
- RSI Higher Highs
CATALYST: SEMIS ON THE RUN AGAIN!
Not Financial Advice!
NVDA - NVDLAfter big spring in the structure we just passed and retest the lower line in accumulation structure.
I am very optimistic with how the chart looks!
NVDA
WIN/LOSE 1.5:1
SL BELOW 113$
TARGET upper line structure 140$
NVDL
WIN/LOSE 3:1
SL BELOW 51$
TARGET upper line structure 90-91$
* will update if there is change in sentiment of the structure
* for any question drop them below, and HIT THE FOLLOW BUTTON