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$NVDA is losing the high-timeframe support range marked in purple, which previously acted as a strong resistance level.
Unless the price can reclaim the lost high-timeframe support range around $210, I would expect further downside into the high-timeframe support range aligning with the golden pocket between the 0.5 and 0.618 Fibonacci POIs, sitting between $191 and $200.
This is where I would expect a more durable bottom to form.
For now, the price needs to reclaim $210. Until then, further downside remains the most likely outcome on the low-timeframes.