Tesla - What's next?Tesla Bulls have partied in January...will the party continue?
A measured move into resistance, is now going to test the resolve of the bulls. Will the bears over power Tesla as the yields spike or will Elon announce a Twitter CEO that pumps the stock?
Tune into to our streams to see how we will trade TSLA.
ELON
DogElonMars ELON set to break up?I haven't published an ELON chart I'm a while and only see a diamond messy pattern and my lines were done on the phone, sorry, but looks like ELON could break upward with the rest of the market, BTC to 25K possibly5 30, even a 61.8 FIB of the Path at 48K so Elon is set, low caps move fast we'll come back to this one later
Who Let The DOGE Out!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After rejecting the 0.07 support and breaking above the last high in gray, DOGE has been overall bullish trading inside the red rising broadening wedge pattern.
DOGE is currently sitting around the lower red trendline acting as a non-horizontal support.
If we break above the last minor high in red, we will be expect a trend continuation .
Then, we will need to break above the last major high in orange for the bulls to take full control again and push higher till around 0.11 resistance.
Meanwhile, until the buy is activated, DOGE can still trade lower, especially if we break below the red trendline. In this case, we will be looking for new buy setups as we approach the support zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TSLA - Mixed Sentiment; Bias Downside.This may not be the type of post that satisfies everyone's thoughts and outlooks; however, lets get with it. Current price of this post is 144.15
There are many moving parts for TSLA, but what matters the most is not what we think; moreover, how the markets react. With that being said, we could see the following moves.
Upside:
first point touch 152
range 160 - 165
Downside:
first point touch 114
range 119 - 123
Granted those may seem like large movements, then again, we're talking TSLA.
My bias on TSLA is the market will wind-up to the downside, even if the stock spikes to the upside initially. And, I believe TSLA will be resting the 2023 lows before the end of February.
Therefore, if TSLA spikes and remains, look for TSLA back below the 152.
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Tesla bounce to $130 and then down???Here is an update on my Tesla analysis. Hit the 1.618 fib extension just above $101 and saw a good support. Maybe a good bounce to the $130 level? I still think Tesla has more downside. Once the selling starts, it is hard to stop it. Could find good support at this level if enough people think this price is a good deal, but retail investors won't be enough. If the big firms think the luster is gone, they might try to suck investors in and the dump it. Good luck.
OCEAN : THE NEXT 2 TARGETS $0,22 - $0,34We did add before about this AI coin, and we expect that with time this project can be interesting with the AI trends.
Also since the last GPT3 chat, more companies and users get interested in AI.
For the short-term view, our expectation for this coin is with the next targets.
$0,22
$0,34
Since time and this coin holds the trend, even with the small breakdown trends, it comes back to trend, as DCA is active on it.
This coin is one of the coins with whale follow as we did add before.
DCA
Tesla - What's next?Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support.
A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ.
The negative side for TSLA action today was the fact that the stock was up most in the premarket over 3% and ended up reversing down -2%.
Tesla : whast next?Tesla has had a good move off the lows. The individual price action does favor a continuation to the upside however markets are susceptible to weakness as they're into resistance. If markets break lower, most likely Tesla follows.
if TSLA fills the technical gap around $113 it may prove to be a good accumulation zone.
TSLA To 0$ ?NASDAQ:TSLA
Tesla is a great company, I don't think it will collapse, by fundamentals breaking each Q's Rev and Profits, Best selling car.
But as FED keeps raising the interest rate, it will go lower but for now:
Trade for a short timeframe . Tesla Looks great.
Over Sold, Close to Support Level, Sellers Vol Decreased, Far a Way from MA'S, confluence AREA!
I taking it for a long With 2 TP at Fibs Level.
Bought for 124.
Have fun.
TP1 139
TP2 149
SL 110
🚘 Tesla Cup & Handle Plus Other SignalsThis market won't open for another day+ but Tesla (TSLA) ended last year on a positive/bullish note.
Will there be follow up when the market opens?
Guessing is of no use... We can only read the chart.
The chart is showing a classic Cup & Handle pattern.
There are also other short-term bullish signals:
The 28-Dec. Doji (reversal signal).
Increase in green volume.
Trading above EMA10/21.
Bullish RSI.
We also have multiple gaps on the way down...
Normally when you have strong and fast declines the reaction when a support level is found, is a strong and fast rebound.
We will see how it goes.
Namaste.
ROAD MAP TO $17 on TSLA! - Buy $96 TSLA!Expect a dead cat bounce at $96 for TSLA. After we get our 15-25% bounce which will probably be a 2-4 month of a sideways correction before going lower, we will continue the downtrend to the pits of hell when TSLA hits $17 a share.
If you think I am high or an idiot, it means you trade on the 5-minute time frame and do understand how to read a chart. Or you are a boomer who only thinks stocks go up. ZOOM OUT!
Tesla Drive Down Stronger Than COVID Crash Levels From 2020 Summary:
Taking a look at Tesla compared to the COVID crash we saw in 2020. We are currently pushing harder down than during the previous crash.
Rainbow Trends Signals:
Machine Learning Reversion Bands - Approximate Same Level
RSI Xs - Much hotter now than in 2020. Pink Xs are the highest level this tool prints.
Pivots - No pivot in sight for 2022 compared 2020, support will be harder to find.
Let us know if you have any questions!