Tesla Inc. Bearish Channel Breakdown with Short-Term Rejection
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Price was initially ranging in a consolidation zone (blue area), then broke structure (BOS) and entered a strong bearish channel (red). Inside the channel, price kept making lower highs and lower lows, confirming a clear downtrend.
Recently, price showed a strong bullish push creating a CHOCH (Change of Character), but it is now approaching a key resistance/supply area near the Ichimoku Cloud. This area is likely to act as rejection again.
🎯 Target:
If rejection confirms, the next downside target is around 369.00 – 370.00, as marked on the chart.
Recently, price showed a strong bullish push creating a CHOCH (Change of Character), but it is now approaching a key resistance/supply area near the Ichimoku Cloud. This area is likely to act as rejection again.
🎯 Target:
If rejection confirms, the next downside target is around 369.00 – 370.00, as marked on the chart.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Crypto market update: PI outshines major altcoins as crypto market nears $2.7T
Crypto.News•2026/04/26 14:30
Analyst Who Called Bitcoin's Top Correctly Now Predicting The Bottom
Newsbtc•2026/04/26 14:18
Can Consensus 2026 spark Pi Network’s next move?
Crypto.News•2026/04/26 14:12
Ex-Ripple CTO Drops Bombshell Statement That Shocks XRP Army
TimesTabloid•2026/04/26 14:06
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$78,074.32
+0.44%
Ethereum
ETH
$2,349.42
+1.36%
Tether USDt
USDT
$1
+0.01%
XRP
XRP
$1.43
-0.15%
BNB
BNB
$632.25
+0.01%
USDC
USDC
$0.9999
+0.01%
Solana
SOL
$86.39
-0.28%
TRON
TRX
$0.3235
+0.07%
Dogecoin
DOGE
$0.09884
+0.43%
Hyperliquid
HYPE
$41.21
-0.81%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now