Tesla Consolidation Channel
Updated
Hi, originaly i thought here´s coming a big correction for Tesla which was kinda likely after a 10x run but as tesla is still holding rather up high i looked for other scenarios.
Hisorically Tesla is pumping hard followed by multi year consolidation. So i present yah my consolidation scenario.
First consolidation was a slightly rising channel . Now we may see a downward channel.
Arround 1100 usd is my sell target.
Im not recommending to long this as its still very theoretical and a big correction shouldnt be surprising still.
But definitely recommending to sell there if you are already holding.
I personally wouldnt hold tesla the coming years as the upward potential isnt high after a run like we had last year.
Arround 2027 i expect the next leg up.
As always: DYOR and have a nice Day
Hisorically Tesla is pumping hard followed by multi year consolidation. So i present yah my consolidation scenario.
First consolidation was a slightly rising channel . Now we may see a downward channel.
Arround 1100 usd is my sell target.
Im not recommending to long this as its still very theoretical and a big correction shouldnt be surprising still.
But definitely recommending to sell there if you are already holding.
I personally wouldnt hold tesla the coming years as the upward potential isnt high after a run like we had last year.
Arround 2027 i expect the next leg up.
As always: DYOR and have a nice Day
Note
imagine predicting month´s of price action beforehand :0one could soon buy channel supp, would be careful still tho as tesla could also turn out as bubble but buying channel supp is worth a try.
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