Nasdaq has approached the EMA200 and there is a slight rebound. This has only happened in 2018 and 2020 in the past 15 years.
There has also been a 7 week losing streak before this has happened.
Current global concerns that prevent upside are
1) Ukraine and russia war
2) Rising inflation
3) China lock down
Once one or more of the factors are removed, markets...
VCP (Volatility contraction pattern) breakout with high volume
VCP formed since Jan 2022.
Support forming higher lows
What does this mean ? - > Sign of institutional accumulation of cryptoasset
Risk : Uncertain geopolitical scenario with war looming around the corner
Triple bottom pattern bouncing close to the 200EMA
Price has broken downtrend resistance
Price is now above the 50EMA and 200EMA
Could be the beginning of an uptrend
Risk : Tech based company. Fundamentally strong but supply chain may limit growth.Overall NVIDIA is fairly priced but can outgrow its growth rate very quickly
*Disclaimer : This is for educational...
