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NVIDIA Corporation (NVDA) Monthly Start Analysis - SeptemberOverall Trend: NVIDIA (NVDA) has been trading within a well-defined upward channel on its daily chart, which has guided the stock's price since late 2022. This channel underscores a strong, long-term uptrend. Moving Averages: Short-Term: The stock is currently consolidating around its short-term moving averages, which have acted as dynamic support. Despite the recent pullback, the bullish structure remains intact. Long-Term: The long-term moving averages (likely the 50, 100, and 200-day) are situated below the current price, reinforcing the upward trend. These averages are aligned in a bullish order, suggesting continued strength in the stock. Pullbacks and Corrections: Recent Pullback: NVIDIA recently experienced a pullback from its recent highs, which is a healthy correction within an overall bull market. This pullback has brought the price toward the middle of the channel, where it appears to be finding support. Technical Indicators: MACD: The MACD indicator is showing a bearish crossover, indicating the potential for continued short-term downside. However, the MACD remains in positive territory, indicating that the broader trend is still positive. RSI: The RSI has corrected from overbought levels and is now in a neutral zone, suggesting that there's still room for the stock to move higher without entering overbought territory again. Recent News Impact: AI and Chip Demand: Recently, NVIDIA has been in the spotlight due to its leadership in the AI space, especially with its GPUs being the backbone of many AI models and data centers. The ongoing demand for AI-driven applications, cloud computing, and machine learning has significantly boosted NVIDIA's revenues and growth outlook. Earnings Reports: NVIDIA's latest earnings report surpassed analyst expectations, driven by the booming demand for AI chips. The company reported record revenues, particularly from its Data Center segment, which saw substantial growth year-over-year. This strong earnings performance has kept investor sentiment high, even amid broader market volatility. Geopolitical Factors: There's been some concern about potential restrictions on chip exports to certain countries, which could impact NVIDIA's future revenue streams. However, the company has managed to mitigate these risks through diversification and expansion into different markets. This has been a factor in the recent volatility and pullback but hasn't significantly dampened the long-term outlook. Product Launches: NVIDIA's continued innovation, particularly with its upcoming product launches in the AI and gaming sectors, is expected to keep the company ahead of the curve. Recent announcements regarding new GPUs and AI tools have been well-received by the market, further bolstering the stock's potential upside. Prediction and Strategy: Short-Term: In the short term, NVDA may continue to consolidate or experience a minor pullback until it finds solid support, possibly near the lower boundary of the upward channel or one of the key moving averages. Any significant news regarding AI advancements or geopolitical developments could cause short-term volatility. Mid to Long-Term: Given the strong fundamentals and positive news flow, the long-term outlook for NVIDIA remains bullish. The ongoing demand for AI chips and data center products, combined with the company's innovative edge, suggests that the stock could continue to perform well. Investors might consider using any dips as buying opportunities, especially if driven by temporary market reactions to news. Conclusion: NVIDIA remains in a strong uptrend, supported by both technical indicators and strong fundamentals. Recent news around AI demand, earnings beats, and new product launches continue to favor the bulls. While short-term volatility may arise from external factors, the long-term outlook is promising. Investors should monitor news flow closely and consider adding to positions on dips within the upward channel.
NASDAQ:NVDALong
by alfredomares2019
4
Will Gold Prices Bounce Or Slide?The gold market is currently experiencing high volatility, making it essential to exercise caution. Key levels to watch: - Break above 2523: Potential buying opportunity - Break below 2518: Potential selling opportunity Traders are advised to closely monitor these levels and adjust their strategies accordingly. Stop-losses (SLs) are recommended to mitigate risk. Stay vigilant and adapt to market changes to capitalize on potential trading opportunities.
FOREXCOM:XAUUSD
by sabellaFX
2
#OIL Elliot wave analysisAfter the bearish move that oil prices experienced until the fifth of August, it seems like the price has initiated another bullish move, which currently appears to be an impulsive wave. However, it should be noted that even if this bullish move is an ABC corrective wave, it makes no difference since the price could still go higher to complete wave C. Therefore, this bullish move seems probable for now, and we could look for buying opportunities near support levels.
CAPITALCOM:OIL_CRUDELong
by mohemati
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD Overview The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements. Key Patterns and Levels Descending Channel: The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend. The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish. Support/Resistance Levels: HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines. LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions. 1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point. Bullish Patterns: 3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance. Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary. Liquidity Zones: Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level. Daily LQZ: A zone around 2348.8 providing a major support level. Current Market Conditions: The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position. Trading Strategy: Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions. Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment. Conclusion: Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
OANDA:XAUUSD
by Adlercon333
Trump RFKJ Help Pump Bitcoin In Nashville's Crypto ConferenceBoth U.S. presidential candidates Trump and RFKJ spoke at Nashville's recent crypto conference. Both outlined their strategies going forward should they become the next president. Though different, both had a positive effect on the Bitcoin price as the market pumped beforehand. But now that the conference is at an end, what can we expect from Bitcoin? You can see from the chart that we are nearing the top of our channel and testing its underside as was expected from the video last week. Now, the question becomes, what's next? The two most likely scenarios are that a) Bitcoin moves sideways for a week or two in another accumulation phase before breaking up, or b) Bitcoin breaks up sooner than anticipated and starts heading toward our year-end target. A less likely scenario is that for some unknown reason at this point and time, an event or news item could reveal which would move the price of Bitcoin back down to the bottom of our channel one last time before heading up again. We live in unbelievable times rn. Anything could happen. But probability lies on the side of Bitcoin continuing its move upward at this moment. End of year target remains $90k+.
INDEX:BTCUSDLong
by stewdamus
Gold buying opportunity#XAUUSD Update..! Gold price sharply goes down to retest the support zone. Before checking the 2310 - 2312 support zone I expect the price will reach the upper Fvg zone. This time I'm looking for a sell opportunity. Buy opportunity I expect from 2310 - 2396 - 2389 zone. Because there is also a reasonable Fvg waiting for the price. Let's see guys. The lower time frame has many imbalances in the whole price action. So be aware trading with a lower time frame.
VANTAGE:XAUUSDLong
by chamitha45
Gold Possible Drop incomingI believe gold is likely to continue lower, Let me explain why> Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level. Which means stop losses of same said buyers would likely be below this (cyan level) See image below. Now gold is a bullish market overall, on the monthly timeframe. Which means buys are likely the overall play but in order for gold to go up it needs liquidity (energy) to do so, how does a market get liquidity? By stopping out traders from the opposing direction. This can be further possibly be confirmed by paying attention to the way the last 3 monthly candles have formed and closed The way the market is behaving at this high I believe that it is suggesting that it is rejecting the high which also suggests sells. So far so good right? The monthly and weekly timeframe do not add anything to my analysis so I will skip them both. The 4 hour timeframe shows where price heavily pushed out and up away from the consolidation, this was also during and around NFP and after FOMC. If it were going to buy, it would continue to buy right? But if we pay attention to the last few candles I think you'd agree with me in saying that bearish momentum is actually increasing, no? Why would bearish momentum increase if buys are incoming? The 1 hour suggests rejection to this same (cyan level) but it is staying at and around this level for quite some time, if it were rejecting, why is it staying there for so long? Who is it really trying to induce? The 30, 15 and 5 minute timeframes do not add anything to this analysis so I will skip. The 1 minute timeframe shows a gigantic drop with price halting at and around the (cyan level) why? Price is again sticking around this area, which suggests buys to the greater population of traders but every time I bought today, the market barely went up. I was fortunate enough to end my trading day at a net positive but the buy feels very sketch for me personally. I believe Gold will continue to drop before the buy actually presents itself I am going to the 15 minute timeframe to show what I think is likely to occur. This is what I believe can happen. Boost the post if you agree with my analysis.
OANDA:XAUUSDShort
by Brandon_evo4
Trade the TREND with 4 Trend Indicators4 Trend Indicators you can use to identify the current MACRO Trend. It's always important to know where your market is currently trading. Is it bullish, bearish, or range trading? If you have established the trend, you can trade with the trend instead of against it. Trading against the trend ( for example shorting during a bullish cycle ) adds unnecessary risk to an already risky trade (leverage). 1) Bollinger Bands 2) Logarithmic View 3) Super Trend 4) Moving Averages + RSI Let me know how YOU determine the macro trend! _________________________ BINANCE:DOGEUSDT MEXC:ETHUSDT KRAKEN:BTCUSD COINBASE:SOLUSD
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by CryptoCheck-
4
Solana - TWO Bearish IndicationsSolana has lost a longstanding trendline that acted as support since October 2023. The price has been unable to bounce back, and we're seeing a steep decline as bears are outweighing buyers: A Technical Indicator (which I use mainly to determine trend swings from a macro perspective) has just flashed SELL in the weekly timeframe. Now based on previous instances, this took us MUCH lower. These alerts happen in real time when a certain conglomeration of parameters are met (based on Strength, Trend, Averages, Real Time) and so naturally, the higher the timeframe the better the result: The only way we will be safeguarded against a steep incoming drop, is if the price can reclaim the green trendline in the Weekly Timeframe. From a candlestick analysis perspective, seeing Three White Soldiers in the daily could be a step in the right direction ( which is UP ). ____________________________ COINBASE:SOLUSD
COINBASE:SOLUSDShort
by CryptoCheck-
2
Bollinger Bands, Moving Averages, and Stochastic Oscillator* LIVE TRADING * This is not a get rich quick scheme, if you have the time to study and practice this video it will give great insight on how price moves. Add the indicators to your chart and see if the 3 main signals create entry points for trades 3 Main Signals: - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Bollinger Bands (default settings) Extremely insightful example of how specific indicators correlate to create a trade setup. What the trade setup looks like and how you can practice it in real time. Time Frame Reference and how they mix. Calling out candlesticks as they populate. Indicators (all indicators from Trading View indicator library): - Stochastic (settings) 14,3,3 with %K marked as RED and %D marked as GREEN (inversed from default) - CM_Williams_Vix _Fix - Volume - Bollinger Bands (default settings) - TEMA - settings 9 EMA purple, 50 EMA yellow, 200 EMA black - Divergence for many V3
by CHART_GUYY