TSLA to test June`s lowElon Musk's purchase of Twitter may affect the TSLA Tesla amid demand concerns and stiff competition.
In order to to go ahead with $44 billion Twitter deal, Elon Musk most likely will sell more TSLA shares soon.
My price target for now is $209.
Looking forward to read your opinion about it.
ELON
TWITTER Ignore the HYPE! The real test is this level!Twitter (TWTR) is rising aggressively today following the Elon Musk news. If you filter out this noise you will see that the price approached the Lower Highs trend-line that first stared on the February 25 2021 market top. This has so far two clear rejections and if the stock doesn't close above it soon, we could get our third one. The RSI is above the overbought 70.000 level and every time it did so in the past 1.5 year, a sell-off followed.
As you see, we could be having a Channel Up emerging on the shorter term. We can follow this and purse the Fibonacci retracement levels as targets if we break above the 0.382 Fib.
This chart shows you that, even though the hype is great and can create more than +10% rises intra-day, the market has still learned to respect long-term trend-lines.
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TESLA - Time to recharge batteries? Looking at Tesla from an Elliot Wave perspective shows a very bullish uptrend since inception of the stock itself. Corrections & Bear Markets are there to beat you down and make you want to give up, and once in a while we are do for a big one. Looking at the chart I see a completion of Macro wave III which started in June of 2019. This was a huge move for Tesla gaining approx. 3,350%. Yes you heard that right, so when we see a large pull back, we shouldn't question it.
The current correction can have many complex variations in Elliot Wave Theory, so far I see an ABC down complete, a correction up for wave (X), and now working on (Y) which should be in 3 waves as another ABC that could bring the price down to $138 as a 1:1 extension of wave A from top of wave (X). If it decides to go even deeper, suppose we have a drastic recession in the world markets including U.S., then the price is allowed to go as low as $28 or a 1.618 fibonacci retracement from wave B of (Y).
In a slightly more bullish view, suppose the elections get markets to have a bear market rally and prices start going up, then we have a possibility that we are still not done with wave B of (Y) show in red colored ABC. However, I see this rally too is likely to fail if it happens; in the end gravity will win brining Tesla down somewhere in the support box (area outlined). Here, a longterm probable bottom as well as a reversal to the upside is likely.
Cheers,
TESLA Shorts - US Stocks FallingTSLA W1
Much higher timeframe analysis here, but looking at a few top US stocks comprised int he 500 to try and marry up some relevant support lows from the next likely bear cycle we are due to expect.
This could take us in to the new year, or maybe sooner, speculative analysis, but worth indicating zones, regardless the DCA principle will apply to the long term investment positioning.
DOGELON, wait to trigger. ELONUSDT 🦊 Hello my friend, Everything is clear on the chart for you like always. the price on the support base but not good to buy for now, So wait for trigger and resistance break.
It is not a financial advice so be careful and have a stop limit.
Good luck.
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Write your comment and opinion below to me
DOGELON, bullish swing potential. ELONUSDT 🦊Hello my friend, Everything is clear on the chart for you like always. It is not a financial advice so be careful and have a stop limit.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
Multi-Timeframe Analysis of $TSLA — August 7th, 2022In this video we analyze Tesla ($TSLA) from various timeframes, utilizing technical analysis, chart patterns, indicators, and maco-economic discourse. By and large, I challenge the perma-bull thesis and give downside targets for the next 2 years that I see on the horizon.
Tesla to Reclaim $1000?This is an idea to trade and identify intraday levels off of. Volume has been present in the market. today price ran out of steam a bit after the open... overall good momentum to the upside on a strong parabolic rally. A small bearish turn here would not surprise me as one could argue that price is due for a correction while traders re load and take profits.
my 2 key levels are based on pretty apparent levels where money either flowed into or out of the market. they are in confluence with a 61.8% retracement from each respective swing low and swing high. if price fails below the neckline of our most recent parabolic rally, this will show me that buyers are not totally in control yet.
With most recent price action and volume and i am looking for price to break above that $950 level and rally into 1000 where i expect price to be met with bearish pressure.
Tesla showing signs of a possible bullish breakout
TSLA has been consolidating in a very slightly ascending wedge (possibly triangle) after a decent run up & is now currently looking at breaking out & heading for another rally towards a new high, possibly towards that 1k mark before losing steam
Watch for a successful close above the descending resistance for confirmation of successful breakout!
I've added 2 major areas of resistance to be aware of to consider profit taking
Will update as more data is available
*Symbol tags below*
Will be checking the crypto pairs for Tesla soon too ( BTC / USD / USDT / DOGE ) for further breakout signs
NASDAQ:TSLA
CAPITALCOM:TSLA
FTX:TSLAUSD
BITTREX:TSLAUSD
BITTREX:TSLABTC
FTX:TSLABTC
BITTREX:TSLAUSDT
FTX:TSLADOGE
COINBASE:BTCUSD BINANCE:BTCUSD INDEX:BTCUSD
BINANCE:DOGEUSDT
$TSLA Tesla Head & Shoulder c'mon Elon!$TSLA TELSA
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the larger time frames, the monthly shows it best.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
4. We are beginning to form the right shoulder currently as Tesla broke out of the pennant to the upside after printing solid earnings and sharing its sale of BITCOIN.
Tesla hasn't even shown signs that it is breaking down yet, it hasn't capitulated or showed strong signs of weakness in this bear market.
I will be waiting patiently like a snake in the grass for my buying target near the Gap (red bar).
TESLA sold $936 million dollars worth of BTC, End of the rally?NASDAQ:TSLA reportedly sold $936 million dollars, 75% of their BINANCE:BTCUSDT Position.
What does this mean for the Crypto market...
It's still too early to tell if this news will be the catalyst that sends BTC back down, however here are some key levels to watch.
BTC has taken support after rejecting from a strong supply level on the daily timeframe which was found back in December of 2020. BTC has returned to our recent supply level which is now acting as demand.
This level at 22,550 is very important in the fact that it has market a change of character or trend for the previous impulses. Candles opening below this level is quite bearish.
Now it is still very likely we rise from here, BTC still looks healthy sitting above this demand zone, I'm just analyzing the downside after the recent news.
A break through the resistance at 24,300 would indicate a continuation of this rally and I'm still bullish as long as we stay above the levels I previously stated.
Tesla - Earnings in two days! What will happen with priceEvent:
On Wednesday we have earnings report from TSLA. Since it's one of the biggest companies on the stock market and it's market cap is 1/3 of all cryptocurrency market, it will be interesting to see what news will bring us
Technical analysis
From technical Point of View we are trading in a range, shown on the chart with bold lines. On top we have local trendline that keeps the price bearish and will act as additional resistance.
What are the expectations?
As we seen global wellfare downturn and China's lockdown which made TSLA factories pause it's production, it's fair to say that expectations are quite low.
If earnings will be good we will squeeze to the trendline and break throught it, likely with a follow up of breaking out of the range.
What will happen?
If earnings report will be worse than expected, price will plumet and either
1. We see trendline false breakout and then squeeze to the bottom of the range
2. We see squeeze to the bottom of the range straight away.