NIO Inc.Long
NIO: Bullish Outlook
Updated
Market Psychology:
We are currently in the "despair" phase, which is historically the best time to buy and accumulate. This area represents an optimal entry point for long-term investors.
Elliott Wave Analysis:
The price appears to have completed the fifth wave of the Elliott Wave pattern, indicating a potential bottom.
Technical Patterns:
We are observing a parallel channel where the fifth wave of the Elliott Wave converges, signaling the price bottom. Additionally, a deep crab pattern suggests the price could drop to the 0.886 Fibonacci level ($3.88) and potentially reach the 1.618 Fibonacci level ($13.41). After this, a healthy correction is expected, with many buyers likely waiting to enter around the $7 mark, leading to a projected surge towards $35 by next year.
Key Levels:
Major liquidity zones to watch are $6.05 and $9.60, which the price is likely to target soon.
A short squeeze may occur if the price surges and closes above $6.
Indicators:
The RSI on the weekly chart has broken out of a falling wedge, with a similar breakout observed on the bi-weekly chart.
The MACD remains bullish.
Fundamental Analysis:
NIO is currently investing heavily in building a robust infrastructure, expanding in Europe and the Middle East. This phase of burning cash is typical for growth companies aiming to achieve profitability. NIO’s swap stations alone are expected to generate significant profit. Geopolitical tensions, as always, are likely to resolve over time.
Long-Term Outlook:
Patience is key. Media often generates fear to exploit market sentiment. The EV market represents the future, with hydrogen technology following closely. By 2030, it is anticipated that 80% of vehicles will be electric, with China leading this transformation.
Conclusion:
Do not underestimate China’s commitment to climate protection. Although not financial advice, my predictions have a track record of over 90% accuracy.
We are currently in the "despair" phase, which is historically the best time to buy and accumulate. This area represents an optimal entry point for long-term investors.
Elliott Wave Analysis:
The price appears to have completed the fifth wave of the Elliott Wave pattern, indicating a potential bottom.
Technical Patterns:
We are observing a parallel channel where the fifth wave of the Elliott Wave converges, signaling the price bottom. Additionally, a deep crab pattern suggests the price could drop to the 0.886 Fibonacci level ($3.88) and potentially reach the 1.618 Fibonacci level ($13.41). After this, a healthy correction is expected, with many buyers likely waiting to enter around the $7 mark, leading to a projected surge towards $35 by next year.
Key Levels:
Major liquidity zones to watch are $6.05 and $9.60, which the price is likely to target soon.
A short squeeze may occur if the price surges and closes above $6.
Indicators:
The RSI on the weekly chart has broken out of a falling wedge, with a similar breakout observed on the bi-weekly chart.
The MACD remains bullish.
Fundamental Analysis:
NIO is currently investing heavily in building a robust infrastructure, expanding in Europe and the Middle East. This phase of burning cash is typical for growth companies aiming to achieve profitability. NIO’s swap stations alone are expected to generate significant profit. Geopolitical tensions, as always, are likely to resolve over time.
Long-Term Outlook:
Patience is key. Media often generates fear to exploit market sentiment. The EV market represents the future, with hydrogen technology following closely. By 2030, it is anticipated that 80% of vehicles will be electric, with China leading this transformation.
Conclusion:
Do not underestimate China’s commitment to climate protection. Although not financial advice, my predictions have a track record of over 90% accuracy.
Note
Previous Ideas:
Note
All investors should note that yesterday we observed a perfect double bottom, and the price has been effective in holding the trendline of a falling wedge, which previously failed four times. On the fifth attempt, we broke through it. The next target, which makes sense either before or after earnings, is toward the $8.9 zone. If we break the upper trendline, we could potentially see the $14 zone before the year ends.
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Note
Don't sell your NIO shares before earnings, especially with ONVO on the horizon! Avoid shorting at these levels—I'll share the best shorting opportunities later to maximize profits. And don't use leverage while longing; expect a lot of market manipulation in the next two weeks. Patience is key until the end of September! 🚀📈Note
#NIO If we close this month above $6, the price is set to surge toward $8.4. After the close, wait for a retest of $6 before entering a long position with a stop loss at $5.60.
Target profits: TP1 at $7.8, TP2 at $8.4.
DO NOT SHORT THIS STOCK
Important:
You should wait for the price to break above $6, then let it pull back (retest) to confirm the breakout before entering a trade. This approach helps to avoid false breakouts and ensures that the $6 level becomes strong support, reducing the risk of entering too early.
Note
NIO is forming a descending triangle, and today we’re likely to retest the $6 support. If it fails, we could see a drop toward $5.35.Note
NIO investors, keep an eye on these key levels: $6, $5.56, and $5.30.
I know everyone’s buzzing, expecting NIO to hit $100 next week, but remember—trust technical analysis (TA) more than the hype. While $6 should hold and trigger a bounce, the descending pattern suggests a potential drop toward $5.05.
Personally, I’m more optimistic. If we close below $6 this week, I anticipate a bounce around $5.30, aligning with the 0.886 FIB level. That’s the zone to consider loading up.
Price target after this bounce: $9.72.
Note
Buying back at $5.35 with a 30% discount— not bad!
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Note
Current Observation: NIO remains resilient despite market fluctuations. It is crucial that we do not close below $5. If that happens, it could signify a shift towards a new downtrend. Previously, we anticipated $6 to act as a solid support, but escalating tensions in Taiwan have undermined this level, prompting a reevaluation of entry points. My optimism led me to accumulate shares at $5.35, observing significant buying activity at these levels over the past week.
Technical Details:
Order Blocks: Two primary order blocks are significant: First block: $5 to $5.35
Second block: $3.60 to $4.00 These ranges have attracted substantial 'smart money' investments.
RSI Indicator: The Relative Strength Index on the daily chart has pivoted, signaling caution as it nears the bearish trend line. We must retest the $6 level before any decisive move either upward or downward. To date, the daily close remains above $5, maintaining a bullish outlook.
Weekly Chart Analysis: A prominent falling wedge pattern suggests strategic exits were made at peak levels. Notably, the yellow trend line has served as both a major resistance and support, indicating strong market reactions at these junctures.
The 50 and 200-day Moving Averages provide additional support, bolstering my confidence that we might not see a break below these levels. Potential dips to $4.85 could occur, but I expect a rebound above $5 to maintain liquidity.
Market Sentiment: The presence of a hammer pattern on the 4-hour chart suggests diminishing seller momentum, hinting at a potential reversal. This is a bullish indicator, showing that buyers are regaining control.
Strategic Outlook: Institutional investors are likely aware of the strong projections for the next earnings report, positioning them to capitalize on these lower price levels. It's important to note that the bottom may not yet be established, making it crucial to avoid selling prematurely.
Note
NIO We’ve got two patterns in play: a descending triangle and a falling wedge at the moment
To turn super bullish, we need a close above the falling trend line around $5.3. If that happens, the target is set at $5.82! 🚀📈 make sure to follow me on X for more details @MktPax
Note
NIO facing strong rejection with shorts stepping in.
I’ve got four reversal confirmations on the 1H chart, and historically, each rejection at this level has led to crashes up to 30%.
I’ll be taking some profit here, just in case history repeats.
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