TSLA price may reach $206; the sellers’ strength was exhausted at $161. A bullish engulfing candle formed that triggered the buyers’ momentum and the price increased and broke up the resistance level of $182.
Resistance levels: $206, $229, $250
Support levels: $182, $161, $136
BTC/USD Medium-term Trend: Bullish
TSLA is on the bullish movement on the medium-term outlook. Tesla has been bearish since April 11. The Seller pushed the price down to $206 on May 02 and the Buyers reacted against the decrease in price with the formation of Bullish engulfing candle. The price pulled back to $229 level. the Buyers were unable to push the price above the $229 level. The Buyers defended the level and the price dropped to the support level of $161. The sellers’ strength was exhausted at…