NVDA is flashing a notable momentum deceleration. Price keeps printing higher highs while both RSI and MACD histogram carve lower highs — a classic bearish divergence signaling a potential medium-term pullback.
Price has also broken below the rising micro-channel, suggesting exhaustion after an aggressive vertical rally. If sellers maintain control, the next liquidity pockets sit around the Fibonacci cluster between 0.5 and 0.618, roughly the $145–$155 zone. A deeper corrective flush could extend toward the $130–$115 demand block highlighted on the chart.
The broader trend remains structurally bullish, but current signals point to a healthy corrective phase rather than immediate continuation. Watching how price behaves on the retest of the broken channel will be key to confirming further downside.
Market is shifting from momentum-driven expansion to controlled mean reversion.
Price has also broken below the rising micro-channel, suggesting exhaustion after an aggressive vertical rally. If sellers maintain control, the next liquidity pockets sit around the Fibonacci cluster between 0.5 and 0.618, roughly the $145–$155 zone. A deeper corrective flush could extend toward the $130–$115 demand block highlighted on the chart.
The broader trend remains structurally bullish, but current signals point to a healthy corrective phase rather than immediate continuation. Watching how price behaves on the retest of the broken channel will be key to confirming further downside.
Market is shifting from momentum-driven expansion to controlled mean reversion.
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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.