$NVDA , THE DOWNTURN COULD CONTINUE! WATCH THESE STOCKS!
The U.S. market is closed today, but it will reopen tomorrow at 1:30 p.m. UTC we have about one day left. So, how should we proceed? Let me explain.
NVIDIA has been one of the stocks that suffered extreme losses during the recent downturn, dropping from the $244 level down to $210 a decline of over 20%. Since the stock was heavily influenced by the AI hype and appeared overvalued, it became one of the first to be abandoned.
Actually, the truly concerning part is that the crypto sector was once highly correlated with NASDAQ stocks. Even though it wasn’t directly affected by the recent declines, in an environment where the downturn is deepening, cryptocurrencies which are viewed as a technology are likely to pull back. Risk appetite could also decline at this rate.
You need to pay attention to the levels I’ve highlighted on the chart. A break below these levels could trigger major movements. Similarly, a rebound is possible so both directions are worth#JapanFSAPublishesOnChainFinanceForumMinutes #CFTCAdvancesVoluntaryRegCAMFramework
The U.S. market is closed today, but it will reopen tomorrow at 1:30 p.m. UTC we have about one day left. So, how should we proceed? Let me explain.
NVIDIA has been one of the stocks that suffered extreme losses during the recent downturn, dropping from the $244 level down to $210 a decline of over 20%. Since the stock was heavily influenced by the AI hype and appeared overvalued, it became one of the first to be abandoned.
Actually, the truly concerning part is that the crypto sector was once highly correlated with NASDAQ stocks. Even though it wasn’t directly affected by the recent declines, in an environment where the downturn is deepening, cryptocurrencies which are viewed as a technology are likely to pull back. Risk appetite could also decline at this rate.
You need to pay attention to the levels I’ve highlighted on the chart. A break below these levels could trigger major movements. Similarly, a rebound is possible so both directions are worth#JapanFSAPublishesOnChainFinanceForumMinutes #CFTCAdvancesVoluntaryRegCAMFramework