NVDA's chart currently shows inconsistent price action with no clear directional trend, displaying characteristics of a classic distribution pattern. Additionally, the monthly timeframe remains extremely overbought, while the most recent daily candle formed a bearish shooting star. A decisive break below $190 would make this a strong short candidate, targeting a minimum downside objective of $164. For risk management, place a protective stop-loss just above $193. #NVDA #Nvidia
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
NVDA's chart currently shows inconsistent price action with no clear directional trend, displaying characteristics of a classic distribution pattern. Additionally, the monthly timeframe remains extremely overbought, while the most recent daily candle formed a bearish shooting star. A decisive break below $190 would make this a strong short candidate, targeting a minimum downside objective of $164. For risk management, place a protective stop-loss just above $193. #NVDA #Nvidia