Coinbase is in short-term congestion but near a reliable support level at $146, offering a potential buying opportunity with a good risk-reward, and the creator is waiting for a signal to re-enter.
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Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / ORCL / COIN
The creator analyzes the current stock market conditions, focusing on SPY and QQQ, noting their failure to break key resistance levels and the potential for further correction if support is lost. The analysis then briefly touches on individual stocks like Nvidia, highlighting bearish candles despite upward price movement.
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Tickers discussed in this post
Oracle looks bearish, having lost its 21-day MA, but a bounce near support at 138 could offer a buying opportunity if confirmed.
Palantir is currently above its 21-day MA and showing a rounded bottom pattern, but a loss of 166.42 could trigger a bearish pivot.
Tesla is approaching a support level, but the creator is waiting for confirmation of momentum and a reaction above support before considering a trade.
Nvidia is showing a bearish candle today despite moving up, and remains below its 21-hour EMA, indicating potential weakness.
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