Dogecoin... Pivot point 🐕Doge is in good support areas in the weekly time frame.. in terms of Fibonacci and trend channels. In my opinion, it can climb and reach the goals I specified on the chart in the long or medium term. be profitable
Elonmusk
TSLA - I’m a believer, Are you ?TSLA has been hammered while rest of the MAG7 doing wonders.
IMO, soon or later Elon matters gonna settle.
and Tesla gonna showcase their AI potential to the world.
Technicals says 300 on the cards.
I’ve a starter position in commons and gonna add more as it moves up or pullbacks.
Gonna supplement with TSLL, TSLY and day-trade with weekly calls.
Long - Low 180-190s would be optimal.
Stop Loss - 174
Target #1 - 220
Target #2 - 280
Target #3 - 300
Qrdo analysis Qredo usdt analysis
Time frame weekly
Patern , 2 bottom
Risk rewards ratio >4
First target 0.84
DOGE Dogecoin Price TargetIf you haven`t sold DOGE after the bull run:
nor reentered on the Double Bottom:
Then you need to know that it potentially has a significant upcoming catalyst!
The recent launch of XPayments has generated excitement around $DOGE.
There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X.
The unveiling of a new payments account by X opens up the possibility of Dogecoin becoming a payment option.
The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE.
If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀
I am optimistic about Dogecoin's potential to achieve a new all-time high!
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My short term Price Target for DOGE Dogecoin is the next resistance, $0.11, or even the next one, $0.145.
SHIB Shiba Inu Price TargetIf you haven`t sold the Bearish Pennant:
Nor bought the dip on SHIB:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for SHIB Shiba Inu is the next resistance, $0.00001050.
TSLA Recovery to $4001D Chart
From a technical viewpoint, Tesla ( NASDAQ:TSLA ) is setting up for a short-term recovery to the $200-210 range before another steep correction. Should significant support be met around the $100 range, a sharp recovery back to previous highs near $415 will be in sight. The following patterns are visible on the 1D chart:
Impulse and Correction Waves
Because the 1, 3, & 5 Impulse Waves were in the down direction, then according to Elliott Wave Theory, the Correction Waves (ABC) should see the beginning of a rally. Wave A will move opposite of Wave 5 and should lose momentum between $200-220 which are 50% & 61.8% Fibonacci Retracement levels respectively. Wave C would develop a double bottom setup that could propel TSLA back to $300.
Head & Shoulders
If the Elliott Waves do not prove valid then a H&S pattern is likely with a right shoulder peak meeting resistance between $200-220 before sending share prices back to a low of $100. I am less confident of this pattern as it appears a premature recovery is about to begin. The neckline rests around $150 but Money Flow Index is already in severely oversold territory and the On-Balance Volume has an overall positive slope.
Double Bottom
In the unlikely event that the H&S comes to fruition then I believe it will serve as the setup for a larger double bottom pattern. Stepping back for a better bird's eye view, the On-Balance Volume has a healthy positive slope and Money Flow Index is in oversold territory. However this pattern will take months to develop so it is too soon to begin loading up for this particular trade as a swing or day trader.
Tesla - Is It A FakeoutHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
After Tesla broke out of a long term triangle formation in 2019 we saw a pump of +1.500% towards the upside. Tesla is currently once again forming a (bullish) triangle pattern but broke short term support towards the downside. If we see a retest of the bottom of the triangle which I mentioned in the analysis, I am looking for longs to capitalize on a potential bullish rejection.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
🚚🚚 The first Tesla Cybertruck deliveries are set to be happen The first Tesla Cybertruck deliveries are set to be happen tomorrow, on November 30.
Tesla is finally ready to throw its hat into the most important vehicle segment in the US.
The long-awaited Cybertruck, with its futuristic design and embarrassing shattered-window reveal, is finally set to enter production in 2023. Its arrival could be a turning point for the market with its alien looks, high-tech features, and unique body shape.
The company will host a Cybertruck delivery event at 1 p.m. CT on November 30 at its Texas Gigafactory — a delivery event that's long been delayed by various production difficulties.
"We dug our own grave with Cybertruck," Elon Musk said on Tesla's third-quarter earnings call.
The Tesla CEO said the EV pickup truck will require a "staggering" amount of work to ramp up because "it's the nature of the newness." However, he says the company is doing its best to simplify the vehicle.
"It will be cool, but it's utilitarian," he says.
Musk has previously talked about "production hell" during Tesla's past Model 3 ramp.
In the years since its first reveal, Musk has slowly revealed new details about the truck and its performance. Here's what we know so far.
New details from Q3 earnings call
👉 Musk says he expects to reach production of about a quarter million Cybertrucks a year.
👉 "But I don't think we'll reach that output next year .... probably sometime in 2025," he says.
👉 He also talks about the challenges of the ramp-up period.
"The ramp is going to be extremely difficult. There's no way around that," Musk says. "If you want to do something radical and innovative and something's really special like the Cybertruck, it is extremely difficult because there is nothing to copy."
"The more uncharted the territory, the less predictable the outcome," he added.
Musk says he wants to "temper expectations" for the Cybertruck, predicting it will take a year to 18 months before the vehicle can become a significant cash flow contributor, he cites the difficulties of scaling production on a new vehicle, as well as selling the EV at a "price people can afford."
The CEO says demand for the Cybertruck is high, and he believes it is one of Tesla's best products.
What are the features of a Tesla Cybertruck?
Musk has made numerous claims about the truck's purported capabilities that remain to be seen. He said the Cybertruck will be able to "serve briefly as a boat," and have rear-wheel steering. Its exoskeleton-based body is the opposite of how trucks are usually produced — and how they usually look.
What actually makes it into the final list of Cybertruck features is anyone's guess.
"This is a vehicle that competes against everybody and nobody," Ivan Drury, an automotive analyst for the car-shopping website Edmunds, told Insider earlier this year. "If the Cybertruck comes to fruition looking like it did at the debut, that should be more than enough — everything else from tech and features is just icing on the cake."
He compared the Cybertruck to Hummer, a similarly large and impractical vehicle that could attract enthusiasts and wealthy luxury buyers alike.
When will a Tesla Cybertruck come on the market?
Musk confirmed in May that Tesla will make the Cybertruck available to customers later in 2023.
"Sorry for the delay, we're finally going to start delivering production Cybertrucks later this year," he said. "And I think the product, if anything, is better than expectations."
It's the first completely new Tesla product in years and comes at a time when both Tesla and the pickup truck market need some fresh ideas.
How much does Tesla's Cybertruck cost?
It's unclear how much a Cybertruck will cost. Originally, in 2019, the company said the Cybertruck would cost $40,000, but Musk has since said that the price will change.
Generally, the Tesla price range starts around $40,000 for the cheapest variant of the Tesla Model 3 and goes up to $108,490 for the Plaid variant of the Tesla Model X. The Tesla Roadster is expected to be the most expensive model once it goes into production, at a base price around $200,000.
A now-deleted contract clause aimed at preventing early customers from reselling their trucks hints that the truck may not be cheap — or plentiful — when it is finally released, experts told Business Insider.
Tesla is currently taking refundable $100 deposits.
How long does it take to charge a Cybertruck?
Tesla has said that the Cybertruck will use its new Mega Charger V4 technology and become the quickest-charging EV.
Depending on its battery size, that could mean a full charge in less than a half an hour, though details remain to be seen.
Technical highlights on Tesla stocks ahead of first Cybertruck deliveries
👉 Tesla market capitalization has more than doubled in 2023, as Tesla stock price is near $245-250 range in this time, versus $120-125 range where it was at the end of gloomy 2022.
👉 Tesla stocks broke their 52-weeks SMA key resistance earlier in Q2'23 around $215 per share, with further double confirmation of this spurt in Q3'23 and recently in Q4'23.
👉 Following the major upside channel, Tesla stocks can move upside further, to its best historical levels shortly.
🚚🚚 Happy watching a long awaited Cybertruck delivery event as historical "Moment of Tesla" is just few hours to be there.
TESLA - MUSK LATE TO THE PARTY? HE IS THE PARTY! (TARGET $315)If I had to describe this analysis in one sentence, here's what I'd say: the lower the better.
In the current climate, Tesla's stock might seem volatile due to the challenges it faces, including production hurdles and market competition. However, it's essential to look beyond these short-term obstacles and recognize the underlying strengths and strategic advantages Tesla holds.
This isn't just about being bullish on Tesla without reason; it's about recognizing the company's potential to overcome current challenges and continue leading the EV revolution. As always, it's crucial to balance optimism with due diligence and consider Tesla's position within a diversified investment portfolio.
So what's on the chart? (follow the steps)
1. Liquidity Zone as a Bull Target: The liquidity zone is acting as a magnet for bulls right now. It's an area where we often see a concentration of trading activity, making it a prime target for those looking to capitalize on upward movements. This zone indicates strong interest and potential for price support, making it an attractive entry point.
2. Weekly FVG for Long-Term Entry: The Fair Value Gap (FVG) on the weekly chart is particularly noteworthy. Historically, these gaps have served as solid foundations for bullish accumulation, often marking the beginning of significant upward trends. The way the price has previously lifted off from such an area suggests it's a credible entry point for long-term investors.
3. Current Nesting in Weekly FVG: Interestingly, the price is currently sitting in another weekly FVG, which could indicate a consolidation phase before the next move up. This nesting phase is crucial as it could provide a stable base from which the price might springboard.
4. Weekly Flag Pattern: While I typically don't trade based on flag patterns, it's hard to ignore the large weekly flag formation here. Even if one doesn't trade these patterns directly, they offer a good visual representation of the current price movement and the potential continuation of the trend.
5. Reaction to CPI Data and FED Rates: The upcoming CPI data will be pivotal, especially with the Federal Reserve's current hesitation to cut rates in March. A large leg down into the FVG could potentially mark the bottom, but much depends on how the CPI data plays out, influencing the Fed's stance on interest rates.
6. Second Potential Long-Term Entry: Given the rough patch and the potential bottom formation, there's a second viable entry point for long-term believers in Tesla. The key is to get in before the tide turns too positively, as waiting for good news could mean missing out on significant gains, much like what happened with Meta's 20% surge post-news.
7. Targeting Premium Areas from Discounted Entries: The strategy here is to buy at a discount with the aim of moving towards a premium. This means entering the market at current levels, which are perceived as undervalued, and holding with a view toward future gains as the market re-evaluates Tesla's worth.
In essence, for those who believe in Tesla's fundamentals and long-term prospects, the current market conditions present a series of strategic entry points.
As always, I hope you appreciate the work put in and have a great Sunday! ;)
Tesla Faces Turbulence as SAP Withdraws, Piper Slashes TargetsTesla (NASDAQ: NASDAQ:TSLA ), the electric vehicle juggernaut led by Elon Musk, witnessed a sharp decline of nearly 6% in its stock value on Monday. This downturn was triggered by a dual blow – German software firm SAP's decision to cease its purchase of electric cars from Tesla ( NASDAQ:TSLA ) and Piper Sandler's reduction in the stock price target. As the electric automaker's shares plummeted to $177.27, marking their lowest point since May 2023, concerns loom over Tesla's ( NASDAQ:TSLA ) market capitalization, with potential losses reaching a staggering $34 billion if the downward trend persists.
SAP's Decision and Delivery Woes:
The catalyst for the stock plunge came with the revelation that SAP, a prominent German software firm, has opted to no longer source company cars from Tesla ( NASDAQ:TSLA ). Citing reasons such as delivery delays and price fluctuations, the move by SAP has added fuel to the fire, accentuating the challenges faced by the electric car giant. The German publication Handelsblatt reported the decision, sending ripples through the market and contributing to Tesla's already tumultuous week.
Piper Sandler's Grim Outlook:
Adding to the woes, Piper Sandler, a reputable brokerage, slashed its stock price target for Tesla ( NASDAQ:TSLA ), citing lower delivery expectations for the year. The brokerage now expects Tesla ( NASDAQ:TSLA ) to deliver 1.93 million vehicles in 2024, representing a modest growth rate of approximately 7%. This figure pales in comparison to the ambitious 50% growth target set by Elon Musk three years ago. The brokerage's concerns extend beyond the immediate future, expressing apprehension about potential price cuts due to an aging product lineup. As Tesla ( NASDAQ:TSLA ) grapples with these challenges, the stock price target was reduced from $295 to $225, intensifying the bearish sentiment surrounding the company.
Market Dynamics and Valuation
Tesla's price-to-earnings ratio of 57.75 times its 12-month forward earnings estimates is significantly higher than its peers such as Meta Platforms and Amazon.com, which have ratios of 24.10 and 40.97, respectively. This raises questions about the sustainability of Tesla's ( NASDAQ:TSLA ) current valuation, given recent setbacks and the overall market dynamics.
Elon Musk's Warning and Consumer Demand:
CEO Elon Musk's warning about sluggish consumer demand due to high interest rates adds another layer of complexity to Tesla's ( NASDAQ:TSLA ) challenges. Despite refreshing the styling and features of the Model 3 compact sedan, concerns linger about the impact of interest rates on consumer preferences, potentially impacting the demand for Tesla's offerings.
Conclusion:
As Tesla ( NASDAQ:TSLA ) grapples with a confluence of challenges – from SAP's withdrawal to Piper Sandler's grim projections – the electric vehicle giant finds itself at a crossroads. The stock's recent downturn prompts investors and industry observers alike to closely monitor how Tesla navigates these turbulent waters. Whether the company can regain momentum, address delivery issues, and rekindle investor confidence remains to be seen, but one thing is clear – the road ahead for Tesla ( NASDAQ:TSLA ) is anything but smooth.
tesla ---> short position hello guys...
I had previously signaled the Tesla shorts, but the previous series reached $102:
as you can see tesla engulfed two supply and demand zones and it is so possible if it touche next one! ($70 level)
now the price is on the descending trendline and QML as well
I believe the downward is so probable!
let's see what happens,
by the way, the first target is $107
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
DOGE Dogecoin and the XPayments integration!If you haven`t bought the dip on DOGE here:
Then you need to know that it potentially has a significant upcoming catalyst!
The recent launch of XPayments has generated excitement around $DOGE.
There is speculation about whether Elon Musk will fulfill his promise to accept #Dogecoin payments on X.
The unveiling of a new payments account by X opens up the possibility of #Dogecoin becoming a payment option.
The GitHub account of X (Twitter) Developers apparently includes code mentioning DOGE.
If an integration with X payments materializes, things could become very intriguing and fast-paced for Dogecoin and other dog-themed meme coins. 🚀
I am optimistic about Dogecoin's potential to achieve a new all-time high!
Looking at the chart, it seems that DOGE has reached the institutional support of the 0.618 Fibonacci retracement level, from which I expect to see at least a technical rebound soon.
My next price target is $0.11!
BTC Bitcoin Potential Rally soon!!I told you about the 'buy the rumor, sell the news' strategy on the Bitcoin ETF approval in the last article
We approached the price target of 39K last Friday, and I believe that was the last dip for now!
With the stock market at an all-time high, I anticipate crypto assets to follow suit.
Elon Musk is likely to implement Bitcoin and DOGE on his new platform, X Payments.
So, yes, exciting times ahead!
According to Elliott waves, the next price target for BTC is $43,500.
Tesla Short TradeTesla gap down upon negative earnings.
There looks to be more room for a push down, and it looks better to sell before considering buying. I think the buying will come around, but it will be lower closer to the red line.
Tesla's $55.8 Bil Pay Package Voided: A Legal Blow to Elon Musk
In a legal setback for Tesla ( NASDAQ:TSLA ) CEO Elon Musk, a Delaware judge has invalidated the astronomical $55.8 billion pay package awarded to him by the electric vehicle giant in 2018. The ruling, following a shareholder lawsuit, not only impacts Musk's financial standing but also prompts questions about corporate governance and executive compensation practices. As Bernard Arnault surpasses Musk to become the world's richest person, the court decision sheds light on the intricacies of Musk's compensation, revealing a flawed process and raising concerns about the board's susceptibility to Musk's influence.
The Contested Compensation:
The $55.8 billion pay package, granted to Musk in 2018, faced scrutiny when shareholder Richard Tornetta filed a lawsuit, alleging its excessiveness and lack of alignment with shareholders' interests. During the week-long trial, Tesla ( NASDAQ:TSLA ) directors defended the massive payment, arguing it was crucial to retain Musk's dedication to the company. However, Judge Kathaleen McCormick highlighted the board's vulnerability to Musk's "superstar appeal" and the extensive personal ties between Musk and the officials negotiating the package.
Judge's Ruling and Criticisms:
In a 200-page ruling, Judge McCormick described the $55.8 billion sum as "unfathomable" and criticized the flawed process leading to its approval. The judge emphasized Musk's influential position within the company, citing his "Superstar CEO" status and the close relationships between Musk and the officials responsible for negotiating the compensation. The ruling not only voids the compensation package but also prompts a reevaluation of the corporate governance practices at Tesla ( NASDAQ:TSLA ).
Market Impact and Musk's Response:
Following the court decision, Tesla's ( NASDAQ:TSLA ) share price experienced a more than three percent decline in after-hours trading. Musk, responding on X (Formerly Twitter) (x.com), advised against incorporating companies in Delaware, the state where Tesla ( NASDAQ:TSLA ) is incorporated. The market's response indicates the potential ripple effects of this legal blow on Tesla's valuation and raises questions about the company's future leadership and strategic decisions.
Implications for Corporate Governance:
The court ruling raises broader questions about corporate governance practices within Tesla ( NASDAQ:TSLA ). Judge McCormick's critique of the flawed negotiation process and Musk's extensive ties with the decision-makers highlights the need for transparent and independent decision-making in corporate boardrooms. The case serves as a cautionary tale for companies relying heavily on charismatic leaders and emphasizes the importance of rigorous governance structures.
Conclusion:
The voiding of Elon Musk's $55.8 billion pay package by a Delaware judge sends shockwaves through the corporate world, prompting discussions about executive compensation, corporate governance, and shareholder interests. As Tesla ( NASDAQ:TSLA ) navigates the aftermath of this legal blow, the case serves as a reminder for companies to reevaluate their compensation practices and governance structures to ensure transparency, independence, and alignment with shareholder interests in an era where corporate leadership is under increasing scrutiny.
it's time to going up for TSLAbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want, closed the position but our target is the third one)
*Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management*
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if you want to enter in this position:
Enter Price: 237.90
Target1: 253.88
Target2: 272.02
Target3(Final Target): 289.90
Stoploss: 212.99
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Guy's if this idea was useful and it was intresting for you please follow for more
please do comment and like my idea
If you like my idea show me in comment section
doing and living in the best quality
thanks of all of you dear's ;)
it's time to going down for USDT.DUSDT.D it connected to cryptocurrency market directly...
if it goes down cryptocurrency market is bullish and if it goes up own cryptocurrency market is bearish
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Enter Price: 6.22
Target1: 6.12
Target2: 6.00
Target3(Final Target): 5.88
Stoploss: 6.34
*************************************************
Guy's if this idea was useful and it was intresting for you please follow for more
please do comment and like my idea
If you like my idea show me in comment section
doing and living in the best quality
thanks of all of you dear's ;)
Dogecoin's Explosive Growth: New Addresses Surge 1100%Dogecoin ( CRYPTOCAP:DOGE ), the beloved meme coin, is making headlines once again as it experiences an unprecedented surge in growth, leaving enthusiasts optimistic about the possibility of a substantial rally. Renowned crypto analyst Ali Martinez recently shared a chart revealing a staggering 1,100% increase in new Dogecoin addresses over the past week. This surge has sparked speculation within the crypto community, with many anticipating a potential CRYPTOCAP:DOGE price rally to the much-awaited $0.1 mark. We'll delve into the factors behind Dogecoin's recent growth, explore the impact on its price, and examine the broader context of its rising popularity.
Dogecoin's Address Growth Breaks Records:
Ali Martinez's analysis highlights a remarkable surge in new Dogecoin addresses, reaching an all-time high on January 29 with 247,240 new addresses created in just one week. This astonishing 1,100% increase in network expansion has captivated the Dogecoin community and triggered speculation about its potential influence on CRYPTOCAP:DOGE prices. The sustained uptrend in new addresses, if maintained, could pave the way for positive price movements, according to Martinez.
CRYPTOCAP:DOGE Price Amid Rising Popularity:
Market analysts and enthusiasts are closely monitoring Dogecoin's trajectory, with many eyeing the significant milestone of $0.1. Ali Martinez's positive outlook has added fuel to this speculation, generating curiosity and interest among investors. The dynamic nature of the crypto market is evident as discussions abound regarding the potential catalysts behind Dogecoin's recent surge.
Institutional Acceptance and Influential Figures:
Dogecoin's popularity surge is not without external influencers. Tesla CEO Elon Musk, a vocal supporter of Dogecoin, recently announced a new "Payments" account through his company X, prompting discussions about its potential impact on CRYPTOCAP:DOGE 's performance. Additionally, Dallas Mavericks owner Mark Cuban confirmed ongoing support for Dogecoin as a payment method for the NBA team. This reaffirms the growing acceptance of cryptocurrencies in mainstream sports partnerships, signaling broader adoption beyond the crypto community.
Inherent Volatility and Investor Alertness:
As of the latest data, Dogecoin's price has experienced a 3.13% increase over the last 24 hours, trading at $0.08114, with a trading volume surge of 140.03% to $566.98 million. The crypto market's inherent volatility is keeping investors on high alert, ready to capitalize on potential gains amid the Dogecoin frenzy. The price fluctuations, coupled with the increased adoption by influential figures and institutions, contribute to an environment of excitement and anticipation within the crypto community.
Conclusion:
Dogecoin's( CRYPTOCAP:DOGE ) recent surge in new addresses, coupled with influential endorsements and institutional acceptance, has fueled optimism among enthusiasts. The prospect of reaching the coveted $0.1 milestone has become a focal point of discussions within the crypto community. As Dogecoin's popularity continues to soar, investors remain vigilant, navigating the volatile market landscape in anticipation of potential gains amidst the Dogecoin frenzy. The coming days will undoubtedly be crucial as the community eagerly awaits whether this momentum will indeed translate into the anticipated $0.1 price tag for Dogecoin.
BEST TIME TO BUY GROK?As i was taught, the best time to buy is when others are fearful and the masses have sold their losing positions and walked away with their tail between their legs
Only then will you see a true reversal occur
This move down looks manipulated to me and is likely a move to stop out over leveraged long traders and get rid of the jeets that do not like to hold on to losing positions understandably, that is how the human brain thinks and reacts based on trading psychology
Seeing as Bitcoin and other tokens are in the green today i can see this making a break to the upside in spectacular fashion over the next few days/weeks/months
Taking note of the time of the month too we are 1 day away from a monthly candle close so a wick seems very likely
Selling pressure is decreasing, we have a bullish divergence on the RSI indicator and we have just tapped the 61.8% golden fibonacci ratio which more often than not gets lots of support from early buyers re buying the dip
If this fibonacci fails to hold then i would be looking at GROK possibly heading to make a new low or a double bottom at its all time low on this chart
All depends on the fundamentals too, we have to remember GROK is a meme coin with no roadmap and no team, their twitter account was suspended not long ago, and a while back ZachXBT exposed their twitter account for having launched a crypto scam previously
They have an extremely toxic community which is very bad for a supposed COMMUNITY DRIVEN project too which is not ideal in this situation
Make sure to keep up to date with everything you can and the liquidity pool is also handy to have on watch in case of sudden large removals
Thanks for reading!
GROK BULL RUN STILL POSSIBLEGood morning traders
A few days ago i posted about GROK and the potential it has of starting its bull run
We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks
If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes
I am still very bullish on GROK at this time and the cup and handle pattern is still valid
An invalidation would be shown when the bottom of the cup pattern is breached and closed lower
Until then i will continue to add to my GROK holdings at a discount
Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved
Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis
MY TAKE ON COMMUNITY...
Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy
Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions
Enjoy the rest of your day!
Cathie Wood's Ark Invest Accumulates more Tesla Stock Cathie Wood's Ark Invest has once again made headlines with strategic moves in the financial markets. This week, the asset management firm not only increased its position in Bitcoin ETFs but also continued its buying spree for Tesla ( NASDAQ:TSLA ) shares, defying recent market fluctuations. Let's delve into the details of these notable transactions and explore the potential implications for investors.
Ark Invest's Bitcoin ETF Accumulation:
One of the standout moves by Ark Invest is its substantial investment in the Ark 21Shares Bitcoin ETF (ARKB). Recent reports reveal that Ark Invest added 127,435 ARKB units to its portfolio, bringing the total purchase this week to an impressive $51 million. This follows last week's acquisition of 1.04 million ARKB units worth $43 million, resulting in a cumulative investment of nearly $95 million. With ARKB boasting a market value of $529.18 million in Bitcoin as of January 26, Ark Invest's conviction in the cryptocurrency market remains steadfast.
The decision to increase ARKB holdings comes as Ark Invest systematically reduces its exposure to the ProShares Bitcoin Strategy ETF (BITO). The move indicates a strategic shift in Ark Invest's approach, possibly driven by changing dynamics in the evolving landscape of cryptocurrency investments.
Market Response to Bitcoin ETFs:
Notably, the prices of both BITO and ARKB ETFs experienced a boost following the release of PCE data showing a 2.9% inflation rate. ProShares Bitcoin Strategy ETF (BITO) closed 5.62% higher at $20.30, while Ark 21Shares Bitcoin ETF (ARKB) closed 5.39% higher at $42.02. This market response underscores the potential influence of macroeconomic factors on cryptocurrency-related assets.
Tesla ( NASDAQ:TSLA ) Stock on Ark Invest's Radar:
In addition to the bullish stance on cryptocurrencies, Ark Invest continues to show strong confidence in Elon Musk's Tesla ( NASDAQ:TSLA ). Following a $32 million investment in Tesla ( NASDAQ:TSLA ) stocks on Thursday, Ark funds doubled down with an additional $33 million worth of shares. Despite a 13.67% drop in Tesla's ( NASDAQ:TSLA ) stock price this week, Ark Invest's commitment to the electric vehicle giant suggests a long-term vision that transcends short-term market fluctuations.
Conclusion:
Cathie Wood's Ark Invest remains a trailblazer in the investment landscape, strategically navigating the complexities of both the cryptocurrency and traditional stock markets. The firm's emphasis on Bitcoin ETFs and unwavering confidence in Tesla ( NASDAQ:TSLA ) reflects a forward-looking investment strategy. As markets continue to evolve, investors will be keenly watching Ark Invest's moves for insights into emerging trends and potential opportunities in the ever-changing financial landscape.
Tesla's $50 Bil Plunge: Navigating Challenges & the Road Ahead
In a shocking turn of events, Tesla ( NASDAQ:TSLA ), the world's most valuable electric carmaker, saw its stock plummet by over 12%, wiping out a staggering $50 billion in market capitalization. The nosedive came on the heels of disappointing Q4 earnings, where Tesla ( NASDAQ:TSLA ) reported a 40% decline in earnings per share and warned of potentially lower growth in 2024. CEO Elon Musk attributed the slump to a price war with a Chinese-made rival, impacting the company's bottom line.
Challenges and Margin Pressures:
Tesla's fourth-quarter earnings fell short of analysts' expectations, with a gross margin of 17.6%, compared to 23.8% a year earlier. Automotive gross margin, a closely watched figure, dropped to 17.2%, reflecting a price war-induced strain. Musk acknowledged the challenges, particularly the pressure on profit margins, and warned that the company does not have a clear picture of how margins will evolve in 2024.
Redwood Initiative:
In a bid to revitalize growth, Musk announced an ambitious initiative to launch a new mass-market electric vehicle code-named "Redwood" by mid-2025. Described as a compact crossover, this move is crucial for Tesla ( NASDAQ:TSLA ) as it seeks to stay competitive and navigate the evolving landscape of the electric vehicle market. The announcement, however, raised questions about the timeline and potential impact on Tesla's ( NASDAQ:TSLA ) overall strategy.
Market Reaction and Investor Sentiment:
Unsurprisingly, Tesla's stock experienced a 12% decline, reaching $181.70 in Thursday's market action. With Musk's recent push to increase his stake from 13% to 25%, and his ambitious vision for Tesla ( NASDAQ:TSLA ) to become a leader in AI and robotics, investor sentiment has become a focal point. Musk's demand for more shares and voting power adds another layer of complexity to the company's future trajectory.
2024 Outlook and Uncertainties:
As Tesla ( NASDAQ:TSLA ) braces for a year of potential challenges, Musk emphasized the importance of executing key projects such as the next-generation vehicle, energy storage, and full self-driving. However, uncertainties linger, including the impact of ongoing price cuts, supply-demand dynamics in the electric vehicle market, and the evolving regulatory landscape.
Conclusion:
Tesla's recent financial turbulence underscores the inherent volatility of the electric vehicle sector. The Redwood initiative, though promising, adds an element of uncertainty to the company's future. As Tesla ( NASDAQ:TSLA ) navigates the challenges posed by a price war, shifting profit margins, and the impending launch of Redwood, stakeholders will be closely watching to see how the electric car giant adapts to this pivotal moment in its journey. The unfolding narrative of Tesla ( NASDAQ:TSLA ) in 2024 promises to be a story of resilience, innovation, and strategic decision-making.
TSLA is 2nd most oversold everThere was a plethora of PUT SELLING on NASDAQ:TSLA yesterday and the sellers must not be happy today. OUCH Most of the contracts were at least 6 months plus so they have time unless #Tesla stock gets put to them.
Weekly shows selling for last few weeks & the downtrend stopping all advances.
(not shown here, pls see profile for more info)
Daily, it's @ 2nd most oversold & the 1st was last year. It was not the norm until last year for Tesla to get this oversold.
