- Nvidia broke key resistance 210.00
- Likely to rise to resistance level 220.00
Nvidia is under the strong pressure after the earlier breakout of the key resistance 210.00 (former multi-month high from October).
The breakout of the resistance 210.00 coincided with the breakout of the resistance trendline of the daily up channel from March – which accelerated the active short-term impulse wave iii.
Given the strong weekly uptrend, Nvidia can be expected to rise further to the next resistance level 220.00 (top of the previous impulse wave iii).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.