$NVIDIA(NVDA)$ ππ₯π Nvidia Coils for the Breakout: Will $183.37 Unleash the Next Rally? ππ₯π
ππ Technical Setup
Nvidia is pressing against a powerful confluence of resistance between $182.01 and $183.37, with bullish continuation building beneath the surface. The latest price action shows a strong impulse off the $167.95 low, reclaiming $173.30 (W harmonic support) and clearing $178.98, the midpoint consolidation level. Weβre now seeing price consolidate just under the upper blue-top resistance band, with the current candle tagged at $181.81 and immediate breakout risk toward $185+.
π― Support Zones:
π‘ $179.00: Prior volume shelf and local VWAP
π $176.00: Price Level2 marked explicitly on the chart
π’ $175.68 and $174.59: Critical support cluster if a false breakout occurs
Indicators are confirming:
β’ RSI is hot at 91.44, but that level reflects strength, not exhaustion, in the context of AI momentum
β’ MACD (12,26,9): DIF at 13.91 remains above DEA at 10.05, confirming the upside trend continuation
β’ Keltner and Bollinger overlays (4H) show clean breakout from compression, with price riding the upper band
π― Options Flow
Unusual Whales data shows strong directional conviction:
β’ 09/19 $164P sold to open: $2.3M premium, 6,795 contracts at $3.50 avg
β’ OI up +86 on 08Aug25 vs 07Aug25
β’ IV at 44% with 99% of volume on the ask: clear bullish positioning
β’ Call volume: 506,575 contracts vs 210,377 puts (P/C ratio: 0.42)
β’ Net premium: $26.9M inflow, indicating dominant bullish bias
π₯ Verdict
Nvidiaβs price action is compressing just below the trigger. A confirmed breakout over $183.37 on volume > 2.5M unlocks the $188.00β$193.50 zone quickly, with $200 in play on a stretched move. Support at $176 is your technical invalidation. The options market agrees: big money is betting we donβt go back to $164 anytime soon.
π Key Levels:
β’ Resistance: $182.01, $183.37
β’ Support: $179.00, $176.00, $175.68
β’ RSI: 91.44
β’ MACD: DIF 13.91 > DEA 10.05
β’ Target: $188.00 (base), $200.00 (stretch)
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Trade like a boss! Happy trading ahead, Cheers, BC πππππ
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