In case the $182 support level holds, the price may soar towards $206 level. Should the Bears exert more pressure $182 level may not hold and the price may decline towards $161 price level.
Resistance levels: $206, $229, $250
Support levels: $182, $161, $136
BTC/USD Medium-term Trend: Bullish
TSLA maintains its bullish movement on the medium-term outlook. Tesla broke up the resistance level at $182 yesterday. The Bulls also tried and pushed up the price to reach the resistance level at $206. Near to the mark, the Buyers rejected the movement and a strong bearish candle emerged, the price decreased towards $182 level, closer to the dynamic support and resistance level. Today, the Bulls are gathering momentum and this is noticed on the 4-hour chart as the bullish candles are emerging
At a closer range, Tesla (TSLA) price is trading above the 21-period EMA and the 50 periods EMA as a sign of weak bullish momentum. In case the $182 support level holds, the price may soar towards $206 level. Should the Bears exert more pressure $182 level may not hold and the price may decline towards $161 price level.
TSLA Short-term Trend: Bullish
TSLA is bullish on the short-term outlook. The Bulls dominates the TSLA market. The Bulls maintain the momentum that broke up the $182 price level. The price rallied towards $206 price level, the Bears pressure prevented it reaching the mark. The price is currently pulling back to retest $182 level.
The MACD period 12 with its histogram is above below the zero levels which indicate sell signal which may be a pullback.
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