Bullish price target: ~$100 Resistance.
Bearish price targets: ~$80 > ~$67 > ~$55.
- Based on Support, Resistance and Demand.
- Dropdown Price Range aligns with ~$67 Support.
Possible scenario: Finding support around $67 and going back up to $100 resistance. Timeframe months/years.
Based on the support & resistance lines, I have the following price targets for NASDAQ:NVDA #NVIDIA Corporation.
- The bullish price targets are: 140.76.
- The bearish price targets are: 97.39 > 96.76 > 92.21.
* The price is trading between support and resistance lines, often referred to as a "no trading zone".
My bearish price targets for NASDAQ:NVDA #NVIDIA are reached: 97.39 > 96.76 > 92.21. We pulled back -35% from the top. This could be a healthy pullback.
Next is to find out if we can hold this support area:
- If we hold support, we can go for new all time highs. If you think so, support levels can be a good entry point for a LONG position.
- If we don't hold...
#Bitcoin When in doubt, zoom out. Based on the pricerange we traded the last months a healthy pullback would be the $41-44k range.
Ofcourse we can get major some liquidation spikes to the downside. Be careful!
Minor support level: ~ GETTEX:52K
Major support levels: $41-44k range, ~$30k
BITSTAMP:BTCUSD
