NVDA is setting up an interesting price action pattern, hinting at potential breakouts or consolidations. Here's a detailed trading plan based on technical analysis to help you navigate the next moves confidently. 1️⃣ Price Action & Chart Analysis On the hourly chart: * Trend Channel: NVDA is trending within an upward channel, showing higher lows and higher highs. The current price is testing the upper trendline resistance. * Key Levels: * Support: $137.75 * Resistance: $140.82 Watch for a breakout above $140.82 or a pullback to test $137.75 for entry points. * Liquidity Zone: A liquidity zone appears between $137.75 and $140.43. This range is critical for observing where buyers and sellers engage. 2️⃣ Order Block & Supply/Demand Zones * A visible demand zone around $137.75 aligns with the recent pullbacks, suggesting buyers are stepping in at this level. * Supply zone near $141 aligns with previous resistance, making it a critical breakout level. 3️⃣ Scalping Strategy For scalpers: * Entry: Look for a breakout above $140.82 with volume confirmation. Target $142 for a quick profit. * Stop-Loss: Tight stop below $140.43 to minimize risks. * Volume Check: Ensure there’s increased buying volume for momentum plays. 4️⃣ Swing Trade Strategy For swing traders: * Entry Option 1: Pullback entry near $137.75 if it holds as support. * Entry Option 2: Breakout above $141 with a daily close confirmation. * Targets: First target at $145, second target near $150 if momentum continues. * Stop-Loss: Place stops below $137 for pullback entries or under $140 for breakout plays. 5️⃣ MACD & Momentum Insights * MACD on the hourly chart is curling upward, indicating bullish momentum. * Keep an eye on a potential divergence if the price starts consolidating near resistance. Game Plan for Tomorrow * Scenario 1: If NVDA breaks $140.82, wait for confirmation with volume to enter. Trail stops as the price approaches $142 and $145. * Scenario 2: If it rejects $140.82, prepare for a pullback to $137.75, where scalpers can look for a quick bounce. Disclaimer: This analysis is for educational purposes only and not financial advice. Trade responsibly and manage your risk effectively.
Weekly chart displays breakout a multi years symmetrical triangle + the neckline of inverse H&S pattern confluence with the upper side of the symmetrical triangle. price is based at strong support (0.618) u are wrong if u think FTM is too high to buy! this chart clearly shows that a massive potential targets ahead it will be the december coin! Best regards Ceciliones?
Neiro is at 1H OB and also aligned with m15 IFVG, a clear TL liquidity below the price. Best of Luck. #NFA
82% retrace. Accumulation. Breakout. Send TIA back to its previous highs with haste.
My fibs have major resistance being retested again on the daily. We lost the move to the high on the daily and we are retesting this level. Some would call it a head and shoulders. We will need to hold the next level down to go higher. If we dont hold here we are going to the bottom box. The level at $112 is tested already and I would expect lower. Longs in the bottom box and final pt on short. Very easy stop loss right above all time highs on this short trade. Let me know what you think!
If you didn't know Chipi, now you know! It's resting at the .886 and could pick up momentum one cat memes gain more social visibility. Golden Cross on the daily.... It hast to test the .618, which is far and mean a TP for bigger holders... It has failed to break the .786 twice, maybe the third time is a charm???? This is not a financial advice and this token is a very high-risk one. Just sharing what I see! Good luck and drink water!
Lets see when big boys come back tomorrow the come in sell off some Be ready BTD Say 575
I have open GBPJPY, Sell Trade. I open this trade because if VWAP. It's just touch the weekly VWAP and now It's going down
CRYPTOCAP:XRP : OUTLOOK Looking for the $2.5712 break! ? Target will be $2.6957. ? LIKE & FOLLOW for more updates!
latest schizo chart just dropped simplified take on recent btc PA and my read of it