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Dont Bet Against Tesla while Bullish Strength ExistsHi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart. BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish until Proven Otherwise. Jumping in, our current move is fueled by our Major bounce from a Critical Confluence of Supports. We have the RED ZONE We have the Black trendline We have the 50 SMA We are also ABOVE the 21 EMA, which when support is Confirmed it indicated UPTRENDS. As long as we respect the 21 EMA and stay above it. Volume is picking up as well. WHich is also indicative of the current move. To break ABOVE resistance lines, we need to continue to see VOLUME increase. MACD is also showing signs of waning Bearish Momentum, with Light Red histobar prints and flattening of the Blue line. We need to avoid printing a Dark Red Bar. Instead see print of Green bars with a Bullish Cross. RSI is also getting close to testing the Black moving average i have added. The way i use this is: Usually if RSI is ABOVE the Moving AVerage, it signifies UPtrends. But do note: This current candle closes on the 8th of September. And note that we are hitting some Major Resistance Area. There is always a risk of sell off. BUt as long as we continue the current trends in volume, stay above the moving averages, and maintain patterns in indicators Uptrend will continue. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:TSLALong
by SafofAllTrades
10
Critical Resistance Reached, Trend Change or Short Play? INFAHi guys! This is a Technical Analysis on this relatively new company Informatica, Inc. (INFA). But the focus is not the company but rather on finding these specific trends in price action. This analysis is done on the 1 Week timeframe. Main takeaway is that its powerful to be able to identify when Price action reaches a Major Resistance or Support level. It can make for taking short or long positions. Notice how INFA is in this Downward Channel. We've had some touch points on the Support trendline in black. With every touch, we've had Uptrends. With our most recent touch of Support, we've had an Uptrend that brought us to our Resistance trendline in RED. Note, this recent uptrend has created a Higher high from a previous lower higher. Good sign for trend change attempt. We have also printed our 1st Golden Cross between the 21 EMA(Purple) and the 50 SMA (Green). This is a powerful bullish sign, even more so that it has happened on the 1 Week. This can provide necessary momentum to break out. Our current Price action is in a crucial zone. We are attempting to breakout of this Major Resistance trendline. If we can break through and CONFIRM, it may indicate a Trend Change. However, do note that this is our 2nd time directly touching this trendline. Trendline theory states it requires atleast 3 touches for that trendline to break. This being a powerful Resistance area, It is important to also look for signs of Rejection. One sign currently is the presence of Upper Wicks of candles. This shows sell pressure off this trendline. A Clear sign of rejection would then make this area a solid spot to take short positions. Target being the Support line below us which coincides with the previous Lower Higher or the 21 EMA. Now going back to if we can breakout ABOVE the Major Resistance Red Line and Confirm. Our target would be the Horizontal Resistance line Above us. In my opinion if we can break through the horizontal resistance line. Reaching all time highs becomes very likely. As we dont have much Market Structure above. One sign to assess if we breakout is VOLUME to increase or spike. That would show signs of increased liquidity which is what we need when trying to trend change. If we breakout with Low Volume, it may lead to a FAKEOUT. If we reach ABOVE Major Resistance and CONFIRM, this would make for an area for Long positions especially Longer Term Positions/ Investment. This would also signify a Trend Change. Look to the 1 Day for further signs of whats to come. I will be sure to update as well. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on INFA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:INFA
by SafofAllTrades
Long Term View on SilverZoom out and take a moment to look at the Silver price from a long term perspective. When dealing with precious metals, analysts should remain patient and not get distracted from daily or weekly moves on the chart. We can consider a long position after revisiting lows on Silver in 2022 and still remaining in a strong uptrend for the past months. Patience is key. 2 important parts can be considered to check on this position every month and confirm the formulated bias or revisit a new opinion to protect capital. Yellow horizontal line @ 28 USD remains resitance but should be broken eventually to remain bullish mid to long term. MACD monthly crossover and movement into a new possible new upswing.
TVC:SILVERLong
by zymmetric
🔪 ETHEREUM ⚠️ Multi Time Frame Levels To Keep An Eye On💬 Ethereum (ETHUSDT) is still looking strong after that massive move up and subsequent quick flash crash. With that in mind, the first order of business will be breaking resistance while staying below clearly defined support at the previous range. Let's take a look at some levels to see what the ETH bulls are up against. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- ETH Support: S1: The S/R flip represents the top of the range ETH broke up from before its run. Ideally the bulls never even have to see this support retested. However, if we do make our way down here, this level could hold just like it did in the flash crash. S2: This orderblock at the bottom of the previous range is a support of last resort for the bulls. Below this is market structure is broken. ETH Resistance: R1: The S/R flip at the previous swing high is our first and only resistance of note on the 30-minute chart. The most important resistance points can be seen on the 4-hour timeframe, but for those to matter, R1 must be broken first. ----- Multi Timeframe Outlook: ETH 4h Resistance: R1: This S/R flip is really important for the bulls to break soon. This is where the run stalled out previously. It is just asking to be broken and turned into support. Above R1 is bullish, the longer we stay below it, the more uncertain things become short term. R2: The orderblock cluster should provide resistance if tested. Bulls would love to see consolidation between R1 and R2 before an attempt to move higher. That would be a great show of strength. R3: This S/R flip and orderblock cluster is the main resistance between ETH and a really epic run. We expect stiff resistance here, but it doesn't mean a bull market for ETH ends here (even if it likely does mean it pauses here). ----- Summary: We know exactly where resistance and support are, both levels have been very clearly reacted to, and in-fact where both reacted to on Saturday alone. The bulls want to see us break above R1, the bears would love for S2 to be tested and fail. Between R1 and S2 is really indecision at this point. Good luck everyone. ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
6