$NVDAB is trading at 178.84 (-4.86%) after hitting a low of 175.59. The price is below EMA(21) and EMA(50) on all timeframes; on the daily chart, RSI(6) is 22.47.
Background: Nvidia’s board of directors announced an independent investigation following media reports that CEO Jensen Huang may have been targeted in a foreign intelligence operation. China’s Ministry of Foreign Affairs called the allegations unfounded. NVDA shares fell about 5% in premarket trading from the 186.64 close, and are down around 22% for the month. NVDAB trades around the clock, so it reacted to the news before the market opened. The investigation is still ongoing; this is not a finding of guilt.
Binance data:
Spot: daily inflow +$23,260; large orders: buys $19,138 vs. sells $14,051 (+$5,087), medium orders $65,022 vs. $33,535 (+$31,487). +$22,576 over 5 days. These are very small amounts.
Futures: open interest rose from 514.0K to 706.0K tokens ($90.5M to $126.5M, about +40%) as the price fell. Long/short ratio by positions: 1.85; top traders by accounts: 4.85. This is a strong long bias, which, alongside rising open interest, poses a risk to longs. Funding is +0.01644%, above the 0.01% baseline, indicating a small futures premium over the index.
1h: below EMA(21) at 181.11, EMA(50) at 184.25, Supertrend at 181.99, RSI(6) at 45.59.
4h: below EMA(21) at 186.18, EMA(50) at 193.37, Supertrend at 186.98.
1d: below EMA(21) at 201.08 and EMA(50) at 211.08.
🟢 If 175.59 holds, a bounce to 181.11 is possible, then to 184.25.
🔴 If 175.59 breaks, there is a risk of a move to 170.00.
My position: waiting for 175.59 to hold
NVDAB: will 175 hold, or are we heading to 170?
