Relative Strength between NVDA and TSLA about to shift.Head and Should Pattern on TSLA/NVDA chart.
This chart basically shows the relative strength between these two stocks, if we have a follow through tomorrow. TSLA will outrun NVDA in the short-term.
Meaning:
1. If we are going to have a bounce tomorrow, TSLA will most likely to outrun NVDA.
2. If Non-Farm and Unemployment rate kill the market tomorrow, TSLA will most likely to drop less than NVDA.
However, I think SOXL is currently sitting at the trendline support. I think bounce is imminent in the near term.
NVDA
SMCI Critical level IncomingSMCI saw a nasty down move today with the market.
Semiconductors led the downside move today.
It seems massive amount of capital rotated out of the market today.
This low float volume stock can unwind in a sharp way if this support is breached.
Remember dip buyers will likely start to accumulate as semis are coming from All time high bull market.
Everyone is watching the potential head & shoulder pattern that could trigger with more weakness.
NVDA indicates a bearish divergenceComparing the price action to the RSI 20 indicator we can see a bearish divergence forming.
RSI is trending downward
Price action is continues to trend upward during same time
Gives indication that a reversal is becoming likely
RSI still remains above 50 which is bullish indicator overall
While NVDA has gone on tremendous tear lately we start to see signs of weakness in the price action and RSI. This does not mean its time to sell. I would recommend tightening up stop losses to protect against possible downside risk.
BTC - Aiming for 80K over Easter? 🥚🐰📉Hi Traders, Investors and Speculators of Charts📈
Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. In my previous updates, I've mentioned the two scenarios that I foresee for BTC after reaching a new ATH. I'm leaning towards the NVDA fractal, which you can find here:
The reason why I believe higher prices is likely for the SORT TERM, is due to extremely bullish buying pressure on lower timeframes:
The MACRO is also VERY BULLISH:
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Introducing Nvidia's Next Generation AI Hardware and Software OfNvidia has officially introduced its next generation AI hardware and software offering, setting a new standard in the industry. With cutting-edge technology and innovative solutions, Nvidia is paving the way for the future of artificial intelligence.
This new offering promises to revolutionize the way we approach AI, providing faster, more efficient, and more powerful solutions than ever before. With Nvidia's state-of-the-art hardware and software, traders can expect increased performance, improved accuracy, and enhanced capabilities to stay ahead in the market.
Now is the time to invest in Nvidia and take advantage of this groundbreaking technology. Don't miss out on the opportunity to be a part of the future of AI. Join us in long Nvidia today and be a part of the next generation of innovation.
$NVDA to go over $1000 for blow off top?NVDA had a great reaction to earnings and I don't think the move is done yet.
Over the next few weeks, I think we'll witness a monster move higher for NVDA.
Once it surpasses the $855ish range, we should see a straight shot up above $1000.
Think we're likely to top above $1050.
I bought calls prior to earnings 3/8 $740C and some lotto tickets 3/8 $1050C.
Let's see if we can get up there.
Stock Market Analysis: NVDA Losing Leadership?Stock Market Analysis: NVDA Losing Leadership?
Since the start of the week, the S&P-500 Index (US500) is up about 0.58% while NVDA's share price is down about 3.8%. This is a worrying sign for Nvidia stock investors — could it be a sign that NVDA is no longer the market leader?
Dubravko Lakos-Bujas, JPMorgan's chief equity strategist, warned of a potential "surprise" shock to the stock market, Bloomberg reported. He's noticed a trend in recent history where gains in popular momentum stocks like NVDA are often followed by corrections. This situation has repeated itself three times since the 2008 global financial crisis.
“One day this may happen completely unexpectedly. This has happened in the past; we’ve had flash collapses,” Lakos-Bujas said in the webinar. “One large fund starts cutting some positions, a second fund hears this and tries to reposition, a third fund is basically caught off guard, and then, you know, we start to unwind more and more momentum.”
He noted the potential for innovation in artificial intelligence as a major source of surprise, emphasizing that these opportunities are dwindling and risks are growing in the background.
Technical analysis of NVDA shares shows that:
→ so far the price is in an upward trend - its contours are shown by the blue channel;
→ yesterday’s close lowered the price to its median line;
→ the $960 level looks like an important resistance.
The all-time high is approximately 100% of NVDA's share price at the start of the year - the price has doubled in less than 3 months, so a correction appears natural in this extremely hot market. It is possible that the price of NVDA may roll back to the lower border of the channel and test the psychological level of $800 per share.
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.
XRPUSD vs. NVIDIA ( This is RIPPLE year) XRPUSD vs. NVIDIA ( This is RIPPLE year)
see >>1-2-3-4-5-6 points
History Repeating...
CRYPTOCAP:XRP / NASDAQ:NVDA
2017> xrp year
2024 > will be xrp year
XRPUSD/NVDA 1w cycle chart (fractal)
check the buy zones (grey boxes)
GMMA oscillator
NVDA/USD chart
Also check Detailed XRP Analysis
INTC Awaits a reversal from the bottom of the recent price rangeINTC in the past week trended up and reversed into a trend down which then went into a low
volatility narrow range consolidation to finish out the week. I see INTC as being in the bottom
of its recent trading range and ready to head higher inthe upcoming week. The RSI lines are
in the area of 35-40 and the slope of the regression line is rapidly decreasing. On the
15 minute chart based on the volume profite and a Fibonacci retracement I have marked
out two targets and the stop loss. I am going back to the well as INTC paid me in February
and appears ready for a swing trade long here. Although, it is in the shadows of NVDA and the
others INTC along with SOUN, DELL, HPE and been recent winning trades and going back
to what has worked in the recent past is my strategy here.
Novo Nordisk's Leap into the AI Future: With NVIDIA PartnershipIn the ever-evolving landscape of technological innovation, a new wave of AI computers is poised to revolutionize computation as we know it. With processors designed specifically for AI programs, these machines unlock a realm of possibilities for individuals, governments, and scientific organizations alike. At the forefront of this transformative wave is Danish healthcare giant Novo Nordisk ( NYSE:NVO ), spearheading a groundbreaking initiative in collaboration with tech titan NVIDIA.
The convergence of AI and healthcare represents a monumental leap forward in the quest for optimized diagnostics, treatment, and research. Recognizing the pivotal role of AI in reshaping the future of healthcare, Novo Nordisk has embarked on a visionary journey by establishing an AI Innovation Center in Denmark. In partnership with the Export and Investment Fund of Denmark (EIFO) and NVIDIA, Novo Nordisk is set to harness the power of AI to propel research and development in healthcare, life science, and quantum computing to unprecedented heights.
Central to this ambitious endeavor is the Gefion supercomputer, poised to serve as the beating heart of Denmark's AI Innovation Center. Powered by NVIDIA's state-of-the-art H100 Tensor Core GPU, purpose-built for large-scale computing tasks, Gefion is poised to unlock new frontiers in computational prowess. With an initial investment of €80 million from the Novo Nordisk Foundation and an additional €8 million from EIFO, Gefion is slated to be one of the most powerful computers in the world, equipped to tackle complex challenges such as protein structure prediction with unparalleled precision.
The significance of this collaboration extends beyond mere computational power; it represents a paradigm shift in the integration of AI into the fabric of research and development. By leveraging purpose-built AI chips, organizations can transcend the limitations of traditional computing, unlocking new realms of possibility in data analysis, pattern recognition, and workload management. As NVIDIA unveils the groundbreaking Blackwell chip, heralded as the world's most powerful AI chip, the stage is set for a new era of innovation and discovery.
However, the pursuit of AI-driven solutions is not without its challenges. The exponential growth of AI techniques necessitates substantial resources and computational power, placing a premium on investment in AI computing infrastructure and application development. As organizations vie for supremacy in the burgeoning AI landscape, the race to deliver transformative solutions is intensifying, with Novo Nordisk and NVIDIA poised to lead the charge.
As the Gefion supercomputer nears completion and the promise of AI-driven healthcare innovation looms on the horizon, the world watches with bated breath. With each milestone achieved, the boundaries of what is possible in healthcare are pushed ever further, ushering in a new era of possibility, progress, and promise. In the realm of AI-driven healthcare, the future is not just bright—it's transformative.
Unveiling the Plot to Dethrone Nvidia's AI DominanceA coalition of tech giants spearheads a revolutionary effort to break Nvidia's stranglehold on AI development by targeting its software fortress.
In the high-stakes arena of artificial intelligence, where innovation is the currency of power, Nvidia ( NASDAQ:NVDA ) has long reigned supreme. With a market cap soaring to $2.2 trillion, fueled by their cutting-edge AI chips and the proprietary CUDA software platform, Nvidia's dominance seemed unassailable. That is, until now.
A formidable coalition of tech titans, including Qualcomm, Google, and Intel, has clandestinely assembled to challenge Nvidia's hegemony. Their audacious plan? To unravel the very fabric of Nvidia's advantage: its software stronghold.
At the heart of this insurgency lies the UXL Foundation, a consortium dedicated to liberating developers from the clutches of Nvidia's proprietary ecosystem. Armed with Intel's groundbreaking OneAPI technology as its vanguard, UXL aims to forge a new frontier of open-source software capable of powering an array of AI accelerator chips, unshackling developers from Nvidia's grip.
"We're showing developers how to migrate out from an Nvidia platform," declares Vinesh Sukumar, Qualcomm's AI and machine learning luminary, hinting at the seismic shift underway.
But this isn't merely a skirmish over software; it's a battle for the soul of AI innovation. Bill Hugo, Google's director and chief technologist of high-performance computing, emphasizes the broader significance: "It's about creating an open ecosystem, promoting productivity, and fostering choice in hardware."
The stakes couldn't be higher. With UXL's technical steering committee poised to finalize specifications and refine the blueprint for a software revolution, the industry braces for a paradigm shift. Cloud-computing behemoths like Amazon and Microsoft's Azure loom on the horizon, poised to join the fray, signaling a tectonic shift in the AI landscape.
Meanwhile, the burgeoning cadre of startups, armed with over $4 billion in venture capital, stands ready to challenge Nvidia's supremacy. Their numbers swell as they seek to exploit chinks in Nvidia's armor, fueled by a surge in funding and a fervent belief in their ability to disrupt the status quo.
Yet, amidst the fervor of revolution, Nvidia ( NASDAQ:NVDA ) remains undeterred. Ian Buck, a stalwart executive, acknowledges the accelerating pace of innovation but remains resolute: "New ideas in accelerated computing are emerging from all corners of the ecosystem."
In the face of this existential threat, Nvidia's greatest asset may not be its formidable hardware or even its venerable CUDA software, but rather the inertia of familiarity. As Jay Goldberg of D2D Advisory opines, "People have been using CUDA for 15 years, building their code around it."
The battle lines are drawn, and the clash of titans is imminent. As the world watches with bated breath, one thing is certain: the outcome of this struggle will shape the future of AI for generations to come. In this epoch-defining showdown, the question remains: will software usurp silicon, or will Nvidia's reign endure?
AVGO dips for a buy now $50 under ATH LONGAVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of
the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85.
The longer TF black line is admittedly in overbought territory. The longterm growth
expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH.
I see this as an opportunity to diversify in AI stocks by getting a small position in BroadCom
to supplement NVDA, MU and INTC. I am looking at TXN as it has a lower price tag and is
about 10% below ATH. ( The growth prospects need a look to see if they are there.)
I expect AVGO to compete well in the space and can see that it is making agreements with
some other companies well situated in AI .
AMD has been in a downtrend since March 8th, Watch this levelSince March 8th, AMD has been experiencing a consistent downtrend, repeatedly encountering resistance at the descending moving average within this abbreviated timeframe. A pivotal movement above the level indicated by the green arrow could potentially signal a significant upward momentum. It is worth noting that the stock has persistently tested and concluded above the 50-day moving average during the last 4 trading sessions. Should this threshold maintain its support, Should the AMD price efficaciously transcend above the benchmark delineated by the green arrow a successful breach could herald a potentially robust bullish phase.
Nvidia Big Test Coming UpNvidia has been retracting some of it's monstrous gains lately. To stay below the $946 area brings $813 into view as the next downside target. A sustained break of $946 should deliver a new high...however, this pattern higher looks very corrective.
I favor $813 before new highs.
Best to all,
Chris
Market Update - March 22, 2024
BTC drops below $61K for the first time since the start of March: Investor confidence dwindled as the market saw the first consecutive negative outflow days for the Bitcoin ETFs this month, with Grayscale Bitcoin Trust (GBTC) experiencing its biggest outflow since launch of $642.5M on Monday, followed by another sizeable $443.5M outflow on Tuesday.
Fed keeps interest rates unchanged: The US Federal Reserve held interest rates at the May FOMC meeting, but is still anticipating three cuts by the end of the year. This was widely celebrated by markets as the S&P 500 and Nasdaq set a new all-time high and bitcoin reclaimed $67K.
Hope for ETH ETF approval by the Securities and Exchange Commission (SEC) dwindling: The price of Ether (ETH) experienced a fairly dramatic fall this week from $3.64K to as low as $3.06K on Wednesday morning. The fall was in response to a recent sentiment shift around the possible ETH ETF approval in the coming months. Recent SEC delays to proposals from VanEck, Ark, Hashdex and Grayscale, along with comments from prominent ETF analyst James Seyffart suggesting the SEC will decline these approvals, have lowered confidence among investors.
SOL defies market downward trend and breaks above $200: For the first time in two years, Solana (SOL) broke above $200 this week, with analysts suggesting this could be linked to the large surge in activity on the Solana network, which has been driven by a frenzy for newly launched Solana-based memecoins.
AI fascination continues as NVIDIA AI conference kicks off this week: The conference caused a short-lived rally in AI tokens, despite the overall downward market trend in the market this week, with Render (RNDR), Akash (AKT), Fetch.AI (FET) and Bittensor (TAO) all posted double-digit gains.
🌸 Topic of the Week: The Solana Blockchain
👉 Read more here
🚀 SoundHound & NVIDIA's B200 Chip: Hold My Beer 🍻Buckle up, buttercup! Word on the street is SoundHound AI is about to drop some serious digits on us about their hands on the B200 AI chip, made with NVIDIA's magic dust.
The Playbook:
Morning Moves: Eyes on the prize at $7.01. If it rockets in the first 20min, I want to buy it. If not, might be a dud. Could nosedive to $6.
Whale Watching: Big fish were nibbling in the $3's pre-NVIDIA bombshell.
Insider Intel: Their director offloaded 100k at $7.12, still clutching 258k. Hmmm.
Stats for Nerds:
195M shares floating around.
108M trading hands on the average lately.
If they file an S-1 then pull the RIP cord
Why This Is Hotter Than Your Morning Coffee:
Brain Meets Brawn: SoundHound's been cooking up something with NVIDIA, and it ain't your grandma's AI chip. This thing's supposed to have more muscle than a gym bro in January.
Tech Tsunami: If the rumors pan out, we're talking about a tech quake that'll ripple through industries like a meme on Twitter. Fasten your seatbelts; it's gonna be a wild ride.
The Gist: Keep your eyes peeled. This ain't just another tech blip on your radar. It's the kind of news that gets our degenerate hearts racing and might just redefine the AI game.
Later, nerds.
Nvidia - Volatility At The TopHello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
For a decent period of time, Nvidia has been trading in an obvious rising channel formation. We had the last retest of support in 2022 so the rally of +600% towards the upside was actually quite expected. Nvidia is now approaching the upper resistance of the rising channel so there is a quite high chance that we will see at least a short term bearish rejection soon.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
NVDA - At 1000$ mark before end of the week ?NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why:
Elliott Wave Triangle in Play?
Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above the resistance line, things could get exciting!
Here's the breakdown:
Triangle Pattern: Notice how the price has been stuck in a tightening range? This suggests indecision, but it can also build up buying pressure for a potential breakout.
Wave E: If this is the final wave, a clean break above resistance could be the key to unlocking that $1000 target.
So, if the triangle plays out as expected, we could be in for a nice 15+% run. Just be sure to manage your risk carefully.
For experienced traders looking to maximize gains, strategically buying near the bottom of wave E could be an option. This minimizes risk by entering before a potential breakout, but remember, it requires active management and a good trading plan.
Bitcoin | A New OutfitCrypto analysis is almost entirely based on models.
Models that work, until they don't.
1st Law of Trading: Models and "laws" like the power law, stop working when everybody agrees on them.
2nd Law of Trading: The 1st Law is a paradox.
3rd Law of Trading: There are no laws.
4th Law of Trading: This statement is false.
Aaaaand I broke AI.
(Portal 2 would suggest that, who knows if we could break ChatGPT with a simple paradox)
Shiny smartphones and large mirrors can make you look like a completely different person.
It is magic really... Computational Photography on your favorite pose/profile can make you a supermodel. And so, I decided to change up the mirror of Bitcoin to make better sense of it. It is like removing the beautification filter.
A simple analysis many could agree with.
Crypto is a child of Big Tech, much like "AI" is.
Crypto may be facing a grim future.
But AI has just began it's ventures.
We should however think twice.
And perhaps think thrice, just to make sure...
Is NVDA ridiculously overextended, or is it just starting killing Bitcoin?
Has NVDA found the secret sauce to take advantage of crypto dynamics?
I don't know the answer to the questions above.
(I have) no one to follow and nothing to teach.
Tread lightly for this is hallowed ground.
-Father Grigori