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TSLA: Will it reverse? Key Points to keep in mind!Hello traders and investors! Let’s talk about Tesla today! In the 1h chart, Tesla is trading above the 21 ema, which is a good sign, and seems it found a bottom there, as it can’t close under it. We have a bear trend in this chart, with clear lower highs/ lower lows, but tesla is showing some early signs of reversal. First, it filled the last gap quickly, making it an Exhaustion Gap (just like NIO did, and you may check my last analysis on NIO in the link below, I explain better how Exhaustion Gaps are formed there). But Tesla doesn’t have higher highs yet , but it has higher lows. That’s a start, but the situation will change if Tesla defeats the $ 718 (black line), which is a Pivot Point . Now let’s see the daily chart: I only wish Tradingview’s chart was right, as Tesla didn’t hit the $ 872 yesterday. Anyway, Tesla hit a support level around the $ 618 and it is bouncing back up. The $ 745 is a resistance for Tesla as well, but I find the volume very good now. Since Tesla crashed last week, the volume increased, and this is a good sign. The problem will be the 21 ema, as it’ll also work as a resistance. But if Tesla defeats these points, nothing will hold it until the $ 821. It could go even higher, but let’s proceed carefully. If you liked this analysis, remember to follow me to keep in touch with my daily updates on Tesla and other stocks. Support this idea if it helped you! Thank you very much!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
4
NIO: What would take for a Reversal to occur?Hello traders and investors! It’s been a while, but let’s talk about NIO today! The stock dropped a lot recently, which is not necessarily concerning, as we are talking about a systemic drop, but still, very annoying. The thing is, NIO is doing some reversal signs in the 1h chart. First, it filled a gap, which was an Exhaustion Gap. We know it was an Exhaustion Gap because: 1 – It was filled quickly; 2 – It appeared just before NIO retests the $ 42.10, which is a support level; 3 – We already have several gaps in the middle of the bearish leg (yellow areas), when this happens, at one point, we’ll have signs of exhaustion, and an Exhaustion Gap usually appears. Yes, the bear trend is getting weaker, but it didn’t reverse yet. We must see NIO doing higher high/higher low . Yes, we are near a support level, and it didn’t lose the $ 42.10, but we don’t have any higher high. So, the $ 50.40 is the Key Point here, and if NIO defeats it, we may finally see a reversal in the 1h chart. In the daily chart, we see that NIO reacted very well last week, when it retested the $ 42.10. Until then, the volume was low (under the 21 ma I always like to put in the Volume), and now, when it retested the support level, the volume increased again. This could indicate that there are people buying NIO, simply because the Risk/Reward ratio makes sense. Yesterday’s earnings report did bring some volatility, but this is not going to affect the mid/long term perspectives for NIO. Let’s see if NIO will manage to reverse the bearish sentiment around it, and if you liked this analysis, remember to follow me to keep in touch with my updates on NIO and other stocks! And please, support this idea if it helped! Thank you very much!
NYSE:NIO
by Nathan_The_Finance_Hydra
13
SPX's RSI with out bias or emotions, just this indicator.Everything is possible, but with all else equal we could be going up. RSI has been consolidating for over 65 days for a major move up/down. The only thing is kind of scary right now is Covid -19 or lock downs to fight it. With out these two points it could be for the Bulls to get control here. It sounds unreasonable with overbought indicators and over valued fundamentals but we could be still in wave 3 Elliott wave or this is a Bulls trap and we crash : -). wish you the best.
SP:SPX
by samitrading
2
Elon Musk Buys Bitcoin!!! Get Ready for Mars — The Elon effectPaying for Tesla products via bitcoin Brand merge company with Bitcoin — vanguard for Bitcoin — Businessman and women have been coming out in doves supporting Bitcoin. However, we are yet to see major retail companies taking payments in Bitcoin or Altcoins. If the Elon’s empire integrates with Blockchain he might create a whole wave of revolutionized payments. SpaceX took Buying Bitcoin on when Support of Bitocin and Elon’s mission go back with popular names often question when this investment was going to happen. Tesla’s new expansion into the home power and HVAC sector shows the range of products they are considering. In the decades to come, I see a fulling powered by Tesla Lifestyle. Why be surprised if you pay with Bitcoin? “We think of bitcoin like internet gold,” Cameron Winklevoss told Portnoy in a video that’s been viewed over 500,000 times on Twitter. They went on to say Elon has spoken about needing a payment system for space — Coming from the creator of Paypal it’s the biggest validation you could ever want. “Bitcoin is a safer bet than gold due to Elon Musk’s to mine the precious metal from asteroids.” Cameron Winklevoss told Portnoy I can’t give official advice as I ask for you to make your own decisions based on your own research. My thoughts Waits for the hype to calm — Once we reach $42,000 I see the price making a blue sty break-out to $50,000. There is a line of support at both these prices that signal for a bullish deviation to break the current highest price. I am long in Bitcoin. Personally, I see the value of bitcoin as a potential store of wealth for me to invest in my business. First time I bought in 2017, seeing the 2018 hype now I see a serious future to the currency. As companies accept bitcoin in retail, the demand will grow and those with supply benefit form their position. The Great Re:Set is something I have seen from The World Economic Forum and other international bodies. No one seems to know whats this means. However, it is clear that a shift is coming. Futureproofing for this with a decentralised blockchain is protection from this. I feel that Elon has seen; what’s happening with the price of bitcoin, The Fed printing dollars and the Lockdowns slowing economies worldwide. Payments are going to change soon and blockchain seems like a more and more valid option. Thank you for getting Here
BITSTAMP:BTCUSD
by merlin.headington
1
CHFJPY Weekly AnalysisCHFJPY is about to gear up to test the high of the year 117.800+. Price is testing a VERY key area for this pair, which it hasn't been in or around since August. This week i'm expecting the bulls to continue until price reaches at least 117.915-118.000. Price previously topped out at 117.883 which then after price tumbled down to 113.274. Price has now engulfed the last high that happened back in October which is circled, and looks like it has picked up strong bullish momentum. Lets see what unfolds, goodluck to you all!
Long
by lobfxempire