Hi YXI friends,
Please review today’s chart analysis of TSLA, COIN, SLV, SBET, CRWV, plus TSLA’s ML model.
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DISCLAIMER: This newsletter is intended for educational purposes only. Any information or analysis in this note does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice, nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
Table of Contents
S&P 500 (SPY ETF)
SPY reached my wave (v) target yesterday. Given the pace of the recent rise, selling-the-FOMC was largely expected.
1) TSLA
Tesla’s chart is playing out exactly as outlined — the wave ii dip toward $433-440 looks to be in motion.
This area offers one of the cleaner risk-reward entries, targeting a wave (v) advance into the mid-$500s.
Stops can be kept tight below the prior wave (iv) low, or around $400 for a more conservative approach.
2) COIN
COIN has retraced to the middle of the wedge, now right at the 50-day MA. I am biased to an upside breakout at earnings for wave circle-iii.
If the earnings did disappoint, we have the 200-day MA and a heavy volume profile at $250-270 for additional support.
3) SLV
SLV retraced into our minimum wave 4 target on Monday, but I am biased to one more test of the 50-day MA, which sits just above the 50% retrace of wave 3.
4) SBET
SBET is still in a price-discovery mode, with wave c potentially targeting below $12. A little more patience is required in this accumulation phase, as crypto finds its feet.
5) CRWV
I’d like to see one more dip in wave (ii) to complete an a-b-c structure here. It would set up an attractive entry of around $100. Surpassing wave (i) high will invalidate this read (or wish!).
TSLA ML Model
TSLA remains risk on.
Referals
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