• TSLA is in an incredibly sharp bear trend, and there’s not a single evidence that it’ll find a bottom yet;
• In the 1h chart, we see a purple trend line, connecting its previous tops, along with the 21 ema. Both points are working as clear resistance levels;
• Only if TSLA breaks this dual-resistance level it might have some chance of recovering – remember, “if”. So far, there’s no bottom sign confirmed yet;
• Even if TSLA bounces, the 21 emaq in the daily chart is another resistance level, and TSLA can’t break this 21 ema properly since September;
• In the lack of bullish reaction, TSLA is just heading towards our next technical support at $126, as I already mentioned in my previous public analysis (link below this post);
• For now, let’s pay attention to these key points. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
• In the 1h chart, we see a purple trend line, connecting its previous tops, along with the 21 ema. Both points are working as clear resistance levels;
• Only if TSLA breaks this dual-resistance level it might have some chance of recovering – remember, “if”. So far, there’s no bottom sign confirmed yet;
• Even if TSLA bounces, the 21 emaq in the daily chart is another resistance level, and TSLA can’t break this 21 ema properly since September;
• In the lack of bullish reaction, TSLA is just heading towards our next technical support at $126, as I already mentioned in my previous public analysis (link below this post);
• For now, let’s pay attention to these key points. I’ll keep you updated.
Remember to follow me to keep in touch with my daily analyses!
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