🔍Analysis:
Following up from a previous breakdown, NVIDIA has now tapped into a high-probability Weekly Order Block (OB) just above the sell-side liquidity zone at $88.97. This level also aligns with a structural area of support, making it a prime zone for a potential bullish reversal.
Key signs:
Price is showing early signs of displacement from the OB.
If this zone holds, we could be looking at a 77% move back up to the buyside liquidity at $157.92.
Watch for a strong weekly candle close above $96.30 to confirm the bounce.
🛑 Invalidation:
If price fails to hold this OB and breaks below $88.97, expect a deeper move into the $76.06 zone.
💡 Summary:
Patience is key. We’re sitting on a solid base for a potential bullish push — now it’s all about the confirmation candle. 📊
DYOR — Don't just HODL, study the chart!
Following up from a previous breakdown, NVIDIA has now tapped into a high-probability Weekly Order Block (OB) just above the sell-side liquidity zone at $88.97. This level also aligns with a structural area of support, making it a prime zone for a potential bullish reversal.
Key signs:
Price is showing early signs of displacement from the OB.
If this zone holds, we could be looking at a 77% move back up to the buyside liquidity at $157.92.
Watch for a strong weekly candle close above $96.30 to confirm the bounce.
🛑 Invalidation:
If price fails to hold this OB and breaks below $88.97, expect a deeper move into the $76.06 zone.
💡 Summary:
Patience is key. We’re sitting on a solid base for a potential bullish push — now it’s all about the confirmation candle. 📊
DYOR — Don't just HODL, study the chart!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.