$NVDAB Exponential Averages Keep Price Under Downward Pressure
$NVDAB trades at 161.62 USD, down 4.1% over the past 24 hours, with 4H RSI at 40.5 (neutral).
Trading below key exponential averages over the past twenty-four hours reflects a downward trend on the four-hour chart. As the relative strength index sits midway, traders look to see if sellers maintain control near upper resistance.
TECHNICAL READ
▪️ Momentum: 4H RSI 40.5 sits in the neutral zone
▪️ Trend filter: EMA 20 is below EMA 50, and price is below EMA 20
▪️ Range: price is 10.4% below the range high and 8.3% above the range low
WHAT WOULD CONFIRM WEAKNESS
▪️ Rallies rejected near EMA 20 (166.98 USD)
▪️ A 4H close below 149.23 USD
WHAT WOULD INVALIDATE IT
▪️ A 4H close above EMA 50 (176.13 USD)
▪️ A move through 178.47 USD would break the lower-high structure
Do you expect price to reclaim its exponential moving averages, or will the downward trend persist?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#NVDAB #TrendingTopic #WhatWillDriveCryptoandStocks’NextRebound?
$NVDAB trades at 161.62 USD, down 4.1% over the past 24 hours, with 4H RSI at 40.5 (neutral).
Trading below key exponential averages over the past twenty-four hours reflects a downward trend on the four-hour chart. As the relative strength index sits midway, traders look to see if sellers maintain control near upper resistance.
TECHNICAL READ
▪️ Momentum: 4H RSI 40.5 sits in the neutral zone
▪️ Trend filter: EMA 20 is below EMA 50, and price is below EMA 20
▪️ Range: price is 10.4% below the range high and 8.3% above the range low
WHAT WOULD CONFIRM WEAKNESS
▪️ Rallies rejected near EMA 20 (166.98 USD)
▪️ A 4H close below 149.23 USD
WHAT WOULD INVALIDATE IT
▪️ A 4H close above EMA 50 (176.13 USD)
▪️ A move through 178.47 USD would break the lower-high structure
Do you expect price to reclaim its exponential moving averages, or will the downward trend persist?
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#NVDAB #TrendingTopic #WhatWillDriveCryptoandStocks’NextRebound?
