Tesla Decentralized Trading. Here is the technical analysis of the Tesla stock that you can now trade in a decentralized manner
Tesla decentralized stock trading, is it possible?
Yes, absolutely, without KYC, without registration, but the best thing before starting is to always stay informed about what the price is doing and what it could do in the future.
Tesla decentralized stock trading
Technical analysis of Tesla ( TSLA ):
My pivot point is located in this area: upwards: 314 – downward: 265
As long as the price is in the $265 to $314 range, there is nothing interesting to trade, except for scalpers. At $314, it becomes safer, however, the moving averages will need to be repositioned in the right order, i.e. the 20 is clearly above the 50 and the 200 is well above the 50.
For the bears, the $265 area can be an entry point, we are currently there. The downside can be accentuated, but beware of deceptive bounces.
The next resistances are at 288, 10 and 303, this is a price zone as usual and not an exact price.
The next supports are in zone 251.81 and 250 .
Comment: The price is, on a daily basis, right at the 20, 50 and 200 moving averages which are all more or less at the same price. We now need the 20 moving average to move above the 50, with volume, and the 200 moving average to move back below the 50, at which point we can hope to reverse the downtrend for a good while. On the other hand, the $265 area must absolutely hold as a solid support, otherwise, we will start again for a decline that will certainly be important again.
Tesla, buying or selling right now?
Tesla share price is 265.25 while TSLA 8-day simple moving average is 280.62, which is a Sell signal.
The stock price of TSLA is 265.25 while Tesla 20-day SMA is 289.31, which makes it a Sell.
Tesla 50-day simple moving average is 289.96 while TSLA share price is 265.25, making it a Sell technically.
TSLA stock price is 265.25 and Tesla 200-day simple moving average is 290.78, creating a Sell signal.
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