Buying NVDA? You are exit liquidity
Beyond the trillion dollar market cap resistance and the PR dump, some charts show why now is not the best time to buy (Price target $300 EOY). If the top isn't in already, we are close. First shown, the daily macd is about to flip, as it similarly did after the previous all time high.
Next is the separation from the weekly ema ribbon: https://www.tradingview.com/x/kobhbZfh/ Similar separation to the previous all time high.
Finally, there is a >15% gap that is still lurking below, waiting to be filled:https://www.tradingview.com/x/RNlUOYlV/
Seems to be trading on a similar cycle to bitcoin: https://www.tradingview.com/x/WVYgvJqp/
Next is the separation from the weekly ema ribbon: https://www.tradingview.com/x/kobhbZfh/ Similar separation to the previous all time high.
Finally, there is a >15% gap that is still lurking below, waiting to be filled:https://www.tradingview.com/x/RNlUOYlV/
Seems to be trading on a similar cycle to bitcoin: https://www.tradingview.com/x/WVYgvJqp/
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