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.
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