TSLA Future decline
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Price is above the buyers area. Moving Averages are moving downward, which hints at a bearish trend. Therefore, you should expect a price drop to the $ 704 - 674 buyer zone and then one of the two options:
1. Sellers will fix the price below the buyer's zone and the price will drop to support $ 447.
2. Sellers will try to break through this zone twice, and then buyers will seize the initiative and the price will start to rise to the resistance $ 805.
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Price is above the buyers area. Moving Averages are moving downward, which hints at a bearish trend. Therefore, you should expect a price drop to the $ 704 - 674 buyer zone and then one of the two options:
1. Sellers will fix the price below the buyer's zone and the price will drop to support $ 447.
2. Sellers will try to break through this zone twice, and then buyers will seize the initiative and the price will start to rise to the resistance $ 805.
_________________________________________
This analysis and more in our Telegram channel.
Also, don't forget to visit our profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.