$TSLA . Change in trend

$TSLA change in trend. Kumo twist.


Tesla Motors ($TSLA) run seems to have peak.

On the Ichimoku chart, it shows that $TSLA has retrace from the peak of around $260 and is now trading within the kumo.

Support level is expected at $193.94 while resistance is at around $218.79

The leading kumo has twisted suggesting that a change in trend is imminent.



$BTCUSD . Bitcoin needs to trade above $490

Bitcoin trading below kumo.
Bitcoin trading below kumo.


Bitcoin, $BTCUSD , is currently trading below the kumo and is in bearish territory.

The leading kumo shows that it is flattening; suggesting that it may consolidate around this level.

For $BTCUSD to be bullish, it needs to break above US$490 above the kumo.





$EURUSD : Weak kumo support

The $EURUSD has fallen to 1.734 .

1. From the Ichimoku chart, we can see that a bearish cross may be forming.

2. The kumo support below is thin and there is a chance that it will goes through the support.

3. If it rebounds and did not clear 1.383, there is a chance that it will go down from there.

Watch out for the $EURUSD to break down.