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Support Zone

All articles tagged with #support zone

cryptocurrency1 year ago•1 min saved

Ethereum Set for Major Surge with ETF Approval and Record Trading Volumes

Ethereum is expected to retrace to $3.7k to test a support zone before potentially surging to $4k. Despite a recent 2.24% price decrease, metrics indicate a bullish trend with significant support at $3.7k. However, a fair value gap below this level could pull the price lower. Increased social activity and profitability distribution among holders suggest key support and resistance levels. High market volatility and an overbought stochastic RSI indicate a short-term retracement before a possible continuation of the bull run.

via AMBCrypto News|

#bullish-trend #cryptocurrency #ethereum

finance2 years ago•0 min saved

Tesla's Stock Drops Below Key Level, Leaving Competitors Far Behind

Tesla's stock dropped 3.2% and fell below its 200-day moving average (200-DMA) for the first time since May 26, indicating a potential longer-term downtrend. The decline follows disappointing earnings and a three-day losing streak, with the stock on track for its worst three-day performance since December 2022. The stock is currently trading within an important support zone between the 200-DMA and $208. Over the past three months, Tesla's stock has shed a significant percentage while the S&P 500 has also experienced losses.

via MarketWatch|

#200-dma #downtrend #finance

finance3 years ago•0 min saved

Tesla's stock value drops below key support levels, causing concern for investors.

Tesla's stock has fallen below another key Fibonacci chart level, dipping into a support zone at January's upside price gap. The stock sank as much as 4.6% to an intraday low of $153.21, before paring some losses to be down 3.4% in afternoon trading. This could put the stock on course to test the next big support zone, which extends below $150.

via MarketWatch|

#chart-level #fibonacci-retracement #finance