Tesla broke below the triangle formation, signaling a bearish continuation.
Trend: Bearish breakdown from consolidation triangle.
Key Support (SUP): $300 (now resistance on retest).
Next Demand Zone: Strong block between $284–285.
Accumulation Zone: $250–220, identified for potential long-term institutional accumulation.
Resistance (RES): $300–350 remains a significant supply zone.
Projection Channel: Downward channel in play; price action respects descending pressure.
Trend: Bearish breakdown from consolidation triangle.
Key Support (SUP): $300 (now resistance on retest).
Next Demand Zone: Strong block between $284–285.
Accumulation Zone: $250–220, identified for potential long-term institutional accumulation.
Resistance (RES): $300–350 remains a significant supply zone.
Projection Channel: Downward channel in play; price action respects descending pressure.
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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.