A significant sell-off in The Trade Desk (TTD) followed its earnings report, driving the price toward a critical technical zone. The 76.45 - 80.16 range has historically acted as a strong support area, with multiple price interactions suggesting institutional buying interest in the past.
If the price holds this zone as support and RSI begins to recover, a potential bounce toward the 96.50 resistance level could occur. Price action at in this zone will be key—if buyers step in, a short-term rebound may follow. However, a break below 76 with rising volume could indicate further downside, potentially leading to lower support levels.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
If the price holds this zone as support and RSI begins to recover, a potential bounce toward the 96.50 resistance level could occur. Price action at in this zone will be key—if buyers step in, a short-term rebound may follow. However, a break below 76 with rising volume could indicate further downside, potentially leading to lower support levels.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord: discord.gg/GCgawNmZ3A
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.