Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

Since our last analysis, SMCI has lost its main support points, and is now in a strong downtrend, without much hope of reversing. On the daily chart, the stock has seen a sharp drop from the highs above $640, the previous top, and the price is currently hovering around $420. This represents a major decline, reflecting a downward trend that intensified after...

Nathan_The_Finance_Hydra

The NVDA chart presents a clear picture of a pullback to a critical support zone. On the daily chart, we observe that after the sharp drop from the highs around $130, the price has retraced to the 61.8% Fibonacci level, near $108.50. This zone represents a key support area, as the price has bounced slightly from this level. However, the 38.2% and 50% Fibonacci...

Nathan_The_Finance_Hydra

Daily Chart (Left Side) On the daily chart, SPY has experienced a sharp decline after failing to sustain its upward momentum near the resistance level of $565.16. This pullback has brought the price back below the support level at $554.86, which previously acted as a resistance and support area. The 21-day EMA, which had been providing support, has now been...

Nathan_The_Finance_Hydra

In our previous study, we warned about resistance at $484.43, and today, it hit our target at the 21-day EMA, exactly as we described in our last public analysis here on TradingView. Now that the QQQ has reached our target, we should update our study. Daily Chart On the daily chart, QQQ has recently retraced after failing to break above the resistance level...

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As we warned in our previous analysis, PLTR hit a very dangerous resistance area and since then it has correlated sharply and we are seeing some bearish signals. Daily Chart On the daily chart, PLTR recently tested the main mid-term support level around $29.83, which aligns with the previous top on July 18. This area now acts as support due to the Principle of...

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1-Hour Chart (Left Side) On the 1-hour chart, SPY is showing a consolidation phase within a narrow range between $563.17 and $554.86. The price is moving above a rising trendline, which has acted as a support level, indicating that the market is still trying to maintain its bullish bias. The 21-hour EMA is also trending upwards, further supporting the bullish...

Nathan_The_Finance_Hydra

On the 1-hour chart, Tesla's price is forming a descending triangle pattern, a typically bearish formation, where the price is consistently making lower highs while the support around $208.47 is holding for now. The price is trading below the 21-hour EMA, which has started to slope downwards, indicating growing bearish momentum. The immediate support at $208.47 is...

Nathan_The_Finance_Hydra

1-Hour Chart (Left Side) On the 1-hour chart, the price is moving within a descending triangle pattern, characterized by a series of lower highs converging towards a horizontal support line around $368.84. If the price breaks below the $368.84 support level, it could lead to a further decline, with the next potential support around $358.35 on the daily chart. A...

Nathan_The_Finance_Hydra

1-Hour Chart (Left Side) On the 1-hour chart, the price formed a strong uptrend followed by a consolidation pattern, identified as a flag. This pattern typically indicates a continuation of the previous trend, meaning that a breakout above the flag's resistance could lead to further gains. However, the price is currently testing the lower boundary of the flag,...

Nathan_The_Finance_Hydra

1-Hour Chart (Left Side) On the 1-hour chart, the price has approached a significant resistance level at $484.43. This level is critical as it has previously acted as a barrier, preventing the price from moving higher. The price is currently trending upwards, supported by the 21-period EMA, which has been providing dynamic support. A breakout above this...

Nathan_The_Finance_Hydra

1-Hour Chart (Left Side) On the 1-hour chart, the price is experiencing congestion between the support level at $126.97 and resistance at $141.65. This range-bound behavior indicates uncertainty and a lack of clear directional momentum. The price has repeatedly bounced within this range, and a breakout either above the resistance or below the support will likely...

Nathan_The_Finance_Hydra

1-Hour Chart (Left Side) On the 1-hour chart, a Head and Shoulders pattern has formed, which is typically considered a bearish reversal pattern. The neckline of this pattern is around the $523.12 level. If the price breaks below this neckline with strong volume, it could signal further downside, potentially leading to a retest of lower support levels. The Head...

Nathan_The_Finance_Hydra

On the 1-hour chart, the price is moving within an ascending channel, marked by the two purple trendlines. The price has been consistently making higher highs and higher lows, indicating a strong short-term uptrend. However, it’s currently approaching the lower boundary of the channel, which coincides with the 21-hour EMA. This area could act as double support,...

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The AVGO chart presents a notable recovery pattern after a sharp decline. On the daily chart (right side), the price experienced a V-shape recovery from the key support level at $130.25, which coincides with the completion of a gap closure. This swift recovery indicates strong buying interest around this level. The price is currently approaching the main...

Nathan_The_Finance_Hydra

On the daily chart, AMD has been rebounding from the recent lows near the double support area around $132.83, highlighted on the weekly chart. This support level is made by the ascending trendline, which has been respected multiple times, indicating its significance, and the previous bottom level at $132.83. The recent upward movement is taking the price back...

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This weekly chart of PLTR shows that the stock has been moving within an ascending channel for an extended period. The recent price action indicates that the stock has approached a potential resistance area near $31.34, a level that also marks the closure of a gap after 3.5 years, which could act as a significant resistance point. As the price nears the upper...

Nathan_The_Finance_Hydra

The NVDA stock chart, viewed on both daily and weekly timeframes, presents a significant technical picture with clear pivot points and support levels that are shaping its current market behavior. Daily Chart Analysis: On the daily chart, NVIDIA has shown a bullish pivot point triggered near the $108.80 level, which has led to a rebound in the stock price. The...

Nathan_The_Finance_Hydra

The SPY is making an excellent recovery move, which could turn into a real bullish reversal if it continues at this pace. In our last analysis, last week (when the SPY was at $120), we had already identified a change in sentiment, and warned of a recovery in the medium term. Once again, we managed to get the movement right. In addition. last week we mentioned...