Where is NIO's Bottom? 2 Scenarios
NIO has been crushed today despite having NIO day yesterday. The overall market today was bearish and bears were in control. I see two possibilities from here. The most probable possibility is another 5% down within this weak and we hit the strong support channel. From there we go to ATH. The other less probable but possible scenario is NIO keeps going down till 22$ that fills a gap in 4H chart and is a major next weekly support. I am more biased in the first scenario. Lets hope NIO finds its bottom this week and we proceed to our next wave towards ATH.
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