TESLA - The Bumpy road Ahead. (Let's hope the suspension is good)
Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the US base prices of its two most expensive models.
The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
Tesla wouldn't say if slowing sales...
After the successful launch of the COS token on Binance the market saw around 300% gains being one of the top traded coins on Binance from launch to date.
COS however is holding at a turning point.
Volume is becoming lighter and the sell wall seems to be growing rapidly. Delta Traders expect cos to re-trace back down to the 150-190 sats range in the coming...
After a massive 8H trend down, EURNZD made a bounce north. Now there is conflict with a Daily trend heading south. I explore the probabilities. Have a look.
Disclaimer: This is not a recommendation to trade securities. Your losses are your own should you take a position. This means you sue yourself if you lose your money.
Ignoring the strong supporting trendline on the weekly time frame. My bias is bearish to the strong supporting higher time frame level.
Retest of the lows before a potential reversal is considered. However if the weekly candle closes bearish then next week we could potentially look at price retesting the underside of the trend line.
Looking for short trades this coming week on CADJPY... We have had several rejections from the topside supply level, there is a chance we could get one last stop hunt high into the higher supply zone. Let's wait and see what price action we get into next week. Pay attention to Monday, and wait for the daily close to confirm directional bias.
Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
AUDCAD has approached this weekly resistance level and shown rejection multiple times, looking like a simple and clear trade. Over 1:3 risk to reward ratio. Drop your telegram names in the comments to be added to our free channel.