Today NIO didnāt drop, but it didnāt go up either. It was a boring day, but we still can find some answers about whatās next.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably itāll drop to the 43.89.
The problem on NIO is the advanced breakdown on the RSI, and the possible head and shoulders pattern. Also, NIO canāt break the 20ma in the 4h chart, and this is another reason why it canāt go up.
Now, more than ever, we must be careful with the breakpoints, as they will tell us if NIO will fly or melt.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
See you soon,
Melissa.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably itāll drop to the 43.89.
The problem on NIO is the advanced breakdown on the RSI, and the possible head and shoulders pattern. Also, NIO canāt break the 20ma in the 4h chart, and this is another reason why it canāt go up.
Now, more than ever, we must be careful with the breakpoints, as they will tell us if NIO will fly or melt.
If you liked this trading idea, remember to click on the āFollowā button to get more trading ideas like this, and if you agree with me, click on the āAgreeā button š.
See you soon,
Melissa.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.