ImmaculateTony

BEARISH CASE: NVDA SHOWING CLASSIC PARABOLIC EXHAUSTION 📉 After an unsustainable 300%+ rally since Q3 2023, NVDA is displaying textbook parabolic blowoff characteristics. Weekly chart shows fractal trend violation with price touching upper resistance for first time since 2023. 4-hour chart reveals rapid breakdown below parabolic SAR support - a key reversal signal after extended uptrends. RSI at weekly overbought levels (70+) for prolonged period, historically precedes significant corrections. Multiple Fibonacci retracement levels ($110-130) now acting as downside targets, representing 30-40% correction potential from all-time highs. Institutional rotation away from AI premium already in progress. Extremely elevated valuation metrics combined with technical exhaustion pattern suggests profit-taking accelerating. The AI narrative has pushed NVDA's market expectations beyond reasonable execution capabilities. Watching for confirmation at $150 support level - a break there opens path to much larger correction. NVDA #TechnicalAnalysis #BearishSetup

AMZN BEAR CASE THREAD 🧵 Amazon's weekly chart reveals a critical technical breakdown. After failing to sustain momentum above key resistance at $223, price is now forming what appears to be a double top pattern. The downtrend line from recent highs is firmly intact with accelerating downside momentum on multiple timeframes. RSI showing weakness without reaching overbought territory - bearish divergence forming. With parabolic SAR now flipped bearish on the 4H chart and stochastic signaling overbought conditions, downside targets include $215 and potentially $200 if selling intensifies. Earnings optimism priced in, but macro headwinds mounting. Position accordingly. #Bearish #technicalanalysis

Weekly Chart Consolidation Pattern: TSLA has formed a clear triangle consolidation pattern after the significant pullback from its 2025 highs around $440. Price is currently testing the upper boundary of this triangle at $329.65, suggesting potential for a breakout. Key Support Levels Holding: The stock has established strong support at $273.38, which has been tested multiple times and held firmly. This creates a solid foundation for a bullish move. Momentum Shift: TSLA recently breaking above its descending trendline resistance, indicating a shift in short-term momentum from bearish to bullish. Higher Lows: On both daily and weekly charts, TSLA has been forming higher lows since April 2025, suggesting accumulation and strengthening bullish sentiment. Fundamental Catalysts Several fundamental factors support a bullish outlook: Robotaxi Progress: Recent news confirms TSLA received a Texas Robotaxi permit (August 9th), allowing it to launch a ride-hailing service with safety drivers, competing directly with Uber and Lyft in the autonomous vehicle space. Q2 Earnings Beat: The July 23rd earnings report showed TSLA beating expectations with EPS of $0.40 (14.29% above estimates) and revenue of $22.5B (slightly above estimates), demonstrating the company's resilience despite challenging market conditions. Production Plans on Track: During the earnings call, Tesla confirmed "plans for new vehicles that will launch in 2025 remain on track, including initial production of a more affordable model in 1H25." This addresses a key market concern about Tesla's product roadmap. Strong Analyst Support: Despite mixed ratings, several prominent analysts remain highly bullish, with Wedbush maintaining a $500 price target (approximately 52% upside from current levels). RBC Capital also raised their price target from $319 to $325 recently. AI and Technology Leadership TSLA's AI initiatives offer significant upside potential: FSD Progress: Elon Musk stated during the earnings call that "unsupervised FSD likely to be available for personal use by end of year," which could be a major competitive advantage. Samsung Partnership: The company secured a $16.5 billion chip deal with Samsung for next-gen AI chips, positioning Tesla for continued leadership in autonomous driving technology. Supply Chain Resilience: Tesla is "localizing supply chains to mitigate geopolitical risk," making it the only automaker sourcing batteries at scale through non-Chinese routes, according to Piper Sandler. Price Action and Potential Targets The recent price action suggests TSLA is preparing for a potential upward move: Immediate Resistance: The $340.24 level shown on your chart represents the first significant resistance. A decisive break above this level could trigger a run toward the $400 psychological level. Intermediate Target: If momentum continues, the next target would be a retest of the 2025 high near $440. Current Price Action: The stock has recently crossed above the descending trendline that had been in place since January 2025, which is typically a bullish signal. Risks to Monitor While maintaining a bullish bias, it's important to acknowledge potential risks: AI Team Changes: Recent news indicates Tesla scrapped its Dojo Supercomputer AI team, which could impact some AI development initiatives. Competition: Chinese EV makers and traditional automakers are intensifying efforts in both EV and autonomous driving spaces. Technical Support: The $275-280 zone remains critical - a break below could invalidate the bullish thesis. In conclusion, TSLA's technical setup across multiple timeframes, combined with positive fundamental developments in robotaxi, AI initiatives, and upcoming product launches, creates a compelling bullish case for the stock in the near to medium term. The stock appears positioned for a potential upside move as it tests key technical resistance levels with strong support established below current prices.

RNDR is showing signs of life at a major support level. After a significant pullback, RNDR is finding solid ground in the $2.90 range, a critical area that previously acted as resistance. The 4-hour chart is flashing a bullish divergence on the Stochastic oscillator, suggesting the downward momentum is fading. This could be the accumulation zone before the next major rally. #RNDR #Render #CryptoTrading #TechnicalAnalysis #Bullish

NVDA’s timing area might stay long-term, but it could also be a taken profit area here.

Monero is currently available at a significant discount. There is a popular saying: "Monero is what you think you get when you buy Bitcoin." As I delve deeper into the topic, I’ve come to understand that Bitcoin has undergone changes that some argue have deviated from its original vision. I encourage others to explore this subject further. Listening to Roger Ver and reading his latest book, "Hijacking Bitcoin," has provided valuable insights into these developments. Let's prioritize privacy in our digital transactions!Major discount XMR long termWholesale Area: $99 - $174Targets: $521 Golden Ratio: $775

Origin wants to make it easier for people to buy and sell goods or services directly with each other, cutting out the middleman. This means you could rent out your car, sell your art, or offer any service without needing traditional platforms that take a cut of your earnings.Origin uses blockchain technology to create a marketplace where transactions are peer-to-peer. This means there's no central entity controlling or taking a large fee from every transaction.Origin has moved towards integrating DeFi elements, where financial products like loans, interest accounts, or asset trading can be done without banks, using smart contracts on the blockchain. This includes features like yield farming or staking with their token, enhancing its utility.

META is looking to the upsaide rn could be a nice chance to sell some premium here as its bouncing off support. whats your thoughts on META

XAUUSD hmmmm I thought about a short at one point but its hard to go against #GOLD imo always trusting the chart and leaving bias out is the goal ... between #Bitcoin #Gold and #Silver its a bullish long term hold imo

The 1-month rating indicates a buy signal for Bitcoin Cash. The cryptocurrency is currently trading above the support level of $352.13, with the target level around $716 ish. Bitcoin Cash, a fork of Bitcoin, was created to increase block size and facilitate the processing of more transactions simultaneously. However, it largely mirrors the core concept of Bitcoin without introducing the changes.