Normally Nvidia rallies into earnings and then sells off after.
This time we’ve done the opposite. 7 red days in a row and now testing the 50/100D MA. I think we get the bounce here and finally break the red streak.
We entered back at $194 before the run up, so no reason for us to chase any small bounce until after earnings...just watching how buyers react around these MAs for now.
Losing that low has not boded well for the bulls. Breached $1.00 and possible flipping into resistance now. Could be a good short if we continue to hold below. #xrp
If the team hadn’t actually been selling, the market shouldn’t have produced such a weak reaction. The large red candles are heavily sell-driven, creating progressively lower highs and deeper lows.
Right now, $KGEN appears to have entered what’s commonly known as a “slippery saw” market structure—where every sharp drop is followed by a weaker bounce, leading to another deeper decline.
You can clearly see the selling pressure simply by the size and dominance of the red candles. #KGEN