TESLA seems to hit important resistance at the 300 usd zone.
The 2020 RUN is a perfect 1,2,3,4,5 elliot wave impulse, for that reason is that now we are facing a possible ABC correction at the fib's zone here defined using all the 2020 bullrun impulse.
Wave A= face 0,382 @ 105 usd
Wave B (retesting bull wave)= 300 usd
Still in play correction to:
Wave C= 0,5 @ 70...
We have an HS Pattern on daily searching now apparently the low base and looking for a possible pullback.
The pullback is an HS Inverted in 1 hour.
The Downtrend in Daily seems to be the similar place to pullback to make almost the previous LOW.
Seems to be a possible Double Bottom.
Monitoring the trade.
Classical Steve Mauro Market Structure in Play.
FVG and Bearish structure tells me that may we have to retest DISCOUNT AREA.
May some manipulation plays before a new bull run if the project and blockchain stills plays on retesting PREMIUM HIGH PRICE.