$NVDA asset is signaling a potential bottoming structure and local reversal on the 4-hour chart after correcting from its recent peak near 242.00. The price action found solid demand around the 221.20 support zone, establishing a base and paving the way for a bullish breakout candle above recent minor resistance to reach 227.06. The current price action indicates that selling pressure has exhausted for now, with buyers stepping back in to regain control, positioning the asset for a steady upward recovery toward previous high liquidity blocks if it holds above the 224.00 pivot level.
Target 1: 232.00
Target 2: 238.50
Target 3: 243.00
NVDAUSDT
Διην.
217.11
+1.29%