NVIDIAShort
📊 Nvidia Hits New All-Time High (Likely The TOP)
Yesterday Nvidia hit a new All-Time High, growing a total of 425% from October 2022 through January 2024, a 460 days long bullish phase.
This bullish phase is coming to an end.
➖ Bull volume peaked February 2023, almost a year ago.
➖ Bear volume has been predominant but also decreasing, continually, for many months.
➖ The RSI peaked May 2023; a long bearish divergence with NVDA which peaked yesterday.
We do not need to go much deeper. The fact that Bitcoin is set to enter a correction, the DXY going bullish, Gold going bearish and the stock market as a whole also going bearish, supports a market-wide correction.
The fact that this stock grew for a year and three months, tells us it had a nice run.
Market conditions are about to change...
Can it keep growing?
Yes, but at this point caution is advised, any additional growth can end suddenly and a massive correction show up.
Namaste.
This bullish phase is coming to an end.
➖ Bull volume peaked February 2023, almost a year ago.
➖ Bear volume has been predominant but also decreasing, continually, for many months.
➖ The RSI peaked May 2023; a long bearish divergence with NVDA which peaked yesterday.
We do not need to go much deeper. The fact that Bitcoin is set to enter a correction, the DXY going bullish, Gold going bearish and the stock market as a whole also going bearish, supports a market-wide correction.
The fact that this stock grew for a year and three months, tells us it had a nice run.
Market conditions are about to change...
Can it keep growing?
Yes, but at this point caution is advised, any additional growth can end suddenly and a massive correction show up.
Namaste.
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