BTC: COMBO RSI MFI ADX Indicator + Volume Profile Gap FillIf the Volume support breaks @ $4940 it has a big gap to fall down through.
Vpsr
TESLA Long Re-entry, year-end forecastNASDAQ:TSLA , continues to hold up after reporting its Q3 earnings and despite the broader market downturn, it appears poised for a bullish setup into year-end. However, there are signs that the short term bull trend has been exhausted with oscillators (CMF and RSI) showing lower highs. This is invalidated if we can break through the overbought condition on the RSI and paint a higher CMF reading.
A pullback wouldn't be the worse thing as it presents an opportunity to get long for those who missed out and for long-term investors to add. $275, which is a major support level (low volume well VPSR), and a more reasonable target of $312 (combination of fib level and POC VPSR) are both strong buys.
This bullish thesis holds until the rising trendline and $276 level are penetrated on a weekly closing basis. Year-end/early 2019 target is major resistance at $387.
Hope this helps, cheers!
Please like, comment, and share.
