People who bought at the re-test got stuck really hard because of Elon Musk. Most of the people lost confidence in the market since it's not that reliable to trade these days. I am guessing that many people are waiting for the price to pump up a bit so they can exit with a small loss. It mostly happens before the previous peak price and the trend lines are also descending. So I think this will happen below $39,500 and an aggressive target would be $38,300 since there is a resistance line there, and $39,000 max.
Calling a head and shoulders before it forms is stupid, but just be prepared for it. I'm not saying it will happen, it's just a possibility. The last time I predicted the right shoulder, it became true perfectly around $40,300 as you can see below.
I'm just a practicing amateur. Please do not trade relying on my analysis.
Calling a head and shoulders before it forms is stupid, but just be prepared for it. I'm not saying it will happen, it's just a possibility. The last time I predicted the right shoulder, it became true perfectly around $40,300 as you can see below.
I'm just a practicing amateur. Please do not trade relying on my analysis.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.