NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA remains within a broader recovery phase after rebounding sharply from the recent correction lows near the $170 region. The daily structure shows price gradually reclaiming higher levels, with momentum improving as the stock approaches a key resistance zone around $193.
On the lower timeframes, buyers have maintained control, producing higher lows and steady upside progression. The recent push toward $193 reflects renewed bullish pressure, though price is now testing a prior rejection zone that could temporarily cap gains.
Key Resistance Zone
The nearest resistance stands at $192.50 – $193.50, aligning with previous swing highs and visible supply on H4 and daily.
Additional resistance levels:
- $195.00
- $200.00 (major psychological and structural resistance)
As long as NVIDIA trades below $193.50, short-term consolidation or pullback remains possible.
Key Support Zone
Immediate support lies at $188.00 – $189.00, where recent consolidation and moving average support converge.
A breakdown below $188.00 would expose lower targets:
- $185.00
- $180.00 (key structural support)
A sustained move below $180.00 would weaken the current recovery structure.
Expectations
Bullish Scenario (Primary)
A decisive breakout above $193.50 would confirm bullish continuation, opening the path toward $195.00 and potentially $200.00.
Bearish Scenario (Alternative)
Failure to break above $193.50 could trigger a corrective pullback toward $188.00. A break below $185.00 would shift short-term momentum back in favor of sellers.
Outlook
NVIDIA is testing a critical resistance zone near $193.50 within a recovering structure. A confirmed breakout would reinforce bullish momentum, while rejection may lead to a short-term retracement before the next directional move develops.
