✨️NVDA is showing a potential bearish setup after reaching a major resistance zone between 229.71 and 236.30.
Price is currently showing rejection near the upper resistance area, which could indicate a possible shift in short-term momentum.
Key Levels
236.30 - Major resistance / invalidation
area
229.71 - Key resistance
217.41 - First downside target
212.33 - Second downside target
195.93 - Extended downside target Bearish Scenario
If NVDA fails to reclaim and hold above the 229.71-236.30 resistance zone, the next potential downside levels to watch are:
217.41→ 212.33→ 195.93
A sustained move above the resistance zone would weaken or invalidate this bearish scenario.
This is a technical-analysis scenario, not financial advice. Always manage risk and wait for confirmation before taking a position.
$NVDA
Price is currently showing rejection near the upper resistance area, which could indicate a possible shift in short-term momentum.
Key Levels
236.30 - Major resistance / invalidation
area
229.71 - Key resistance
217.41 - First downside target
212.33 - Second downside target
195.93 - Extended downside target Bearish Scenario
If NVDA fails to reclaim and hold above the 229.71-236.30 resistance zone, the next potential downside levels to watch are:
217.41→ 212.33→ 195.93
A sustained move above the resistance zone would weaken or invalidate this bearish scenario.
This is a technical-analysis scenario, not financial advice. Always manage risk and wait for confirmation before taking a position.
$NVDA
