BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward.
Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense
Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward.
RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.
Do you think TSLA will begin it's upward trajectory by the mid/end of this week and continue towards $2000? I feel that this is a strong yes....
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@TomDen1 Well here is the thing, my projections are only reflecting of the next couple of days, maybe a week. In order to see if there is a further support towards 2000, you ll need a strong volume supporting the bullish trend. On top of that, a lot of other non correlated factors such as news or a tweet might spark the push upwards, however at the price that we are at now, I hardly see it even pushing above 1600 , since there is a lot of selling pressure even at 1500. Once it holds steady above 1500, we should try to re examine the trade again.