$NVDA Market Update

📊 NVDA Market Update
Welcome to today's analysis! Let’s break down the current price action on NVDA and its potential movement.

🌐 Overview: NVDA Approaching Key Support
📉 NVDA is approaching the green support zone, a key level where buyers might step in to trigger a bounce.

🔄 Current Scenario:

If NVDA holds the green zone, we could see a bounce from this level.
To cancel the bearish structure of lower highs (LH) and lower lows (LL), the price needs to break out of the blue resistance zone.
🔑 Key Levels to Watch
🟢 Support Zone: Green Level (Potential bounce area)
🔵 Breakout Above Blue Resistance Zone: Could confirm the end of the bearish structure (LH and LL)

🛠️ Trade Scenarios
📌 Bullish Scenario (Bounce from Support & Breakout Above Blue Zone)

If NVDA holds the green support, buyers could step in and push the price higher.
A breakout above the blue resistance zone would confirm a trend shift, invalidating the bearish structure (LH & LL).
📌 Bearish Scenario (Break Below Support)

If NVDA fails to hold the green zone, the price could continue its downtrend, leading to further declines.
📌 Conclusion
NVDA is at a key decision point—holding the green support zone could lead to a bounce, but for a bullish reversal, the price must break out of the blue resistance zone to cancel the bearish structure