Nathan_Black

NVDA: This is what it needs to EXPLODE. ๐Ÿš€

NASDAQ:NVDA   NVIDIA
โ€ข NVDA is incredibly bullish, however, it is trading at a critical key point;
โ€ข NVDA just hit a trend line that connects all its previous top levels since Nov 2021;
โ€ข Whatโ€™s more, NVDA is inside a Descending Channel;
โ€ข However, if it breaks this resistance level, NVDA might trigger a long-term bullish reversal structure;
โ€ข It would not only break free from a Descending Channel, but would trigger an Inverted Head and Shoulders chart pattern, in the weekly chart;
โ€ข This would be the confirmation sign of a bullish reversal on NVDA โ€“ however, this pattern wasnโ€™t triggered yet;
โ€ข Any top sign under this resistance could easily frustrate the bullish thesis, therefore, we must keep our eyes open;
โ€ข Iโ€™ll keep you updated on this.

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