If you can not differentiate the Bull market from correction...If you can not differentiate the Bull market from correction, you will pay for it in the coming months.
let's review a few posts to have a much better idea of what I am talking about.
XBT
April 26th, 2021:
One Swallow Does Not Make a Summer (or Spring)
NASDAQ:TSLA
June 24, 2021
Honeymoon is finished..!!!
NYSE:NIO
July 1st, 2021
Check and Mate..!
NYSE:AMC
June 9th,
Apes blood bath
I received many unfair, Rude, and etc. comments, but none of those cowards have the courage to admit they were wrong..!
However, I wrote one answer to most of them: "Kneel".
I am happy they pay for it, they deserve it..!
The good news is the worst has yet to come..!
What goes around comes around...
NIO
Be careful here! ❌We are still above the support at 42, and we have a consolidation. If we don’t break the 44.59 next week, we’ll fall more.
Considering the advanced breakdown on the RSI, chances are that we’ll drop to the 39, to the next fibs retracement. It’ll confirm this idea if we break through the 42.34.
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See you soon,
Melissa.
Weekly Forecast 15th July 2021Nio forecast 15th July 2021
Not a stock that I would look at too often because I've noticed that the price for Nio moves similar to TSLA. However, because this period of time is so volatile it has made these EV stocks rather fun to trade as it exposes many opportunities to capitalize on most traders' weak appetite for volatility. That being said, EV stocks have been going through an emotional rollercoaster for the first few quarters of this year as traders shift their money away to other sectors after losing the adrenaline that this sector used to offer. I believe that this sector was over-extended by a large margin due to new and rather ignorant investors (evident from the CCIV mess that occurred) in the past chasing past returns, but hopefully, that won't be the case in the near future.
Looking at the weekly graph, we can observe that the general trend of the stock appears to be looking bearish from the RSI and Stochastic oscillators; other than that there isn't too much information to base a final decision from.
I'm ignoring the daily graph as it doesn't hold anything of significance for my analysis today.
In the hourly graph, we can see that there is definitely a divergence from price and the RSI indicator which suggests that we could expect a change in direction of price. This divergence can also be spotted in between the stochastic and price action. With the two effects, this makes me rather confident that there might be a reversal in price in the near future.
Forecast:
So for my optimistic case, I can see price changing to be bullish where it will test the long-term resistance at 50-52. From there, we will need more candles to determine what might happen.
For my more neutral case, It is likely that the price might take a short drop to the $40 area where it may reverse back to the upside where it will test the resistance.
Take this observation with a grain of salt. This is not financial advice and I am not liable for any decision you make with this information. Happy trading.
Will it crash again? We have good and bad news. 🧐We lost the support at 44.59, at the bottom of the consolidation, and now NIO is very weak, doing nothing worthy.
Yes, the RSI is doing some weird movements, but this is not enough.
The 4h has almost a head and shoulders, but the 50% retracement is a good support, and NIO didn’t break it today. On the other hand, the RSI has an advanced breakdown, and if confirmed, NIO could just drop to the 39.75 next.
Yes, the RSI is oversold, but it could be a little bit more. In the end, it seems we have more bad news than good news. Usually I like to buy when this happens, but we must wait for more confirmation.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
When will it stop dropping? Let's see... 🧐This one has been frustrating the advanced breakouts in the RSI, and it has not doing anything interesting recently. Situations like this are very annoying, but let’s keep in mind that at some point it will do a good movement next.
This is a congestion, and we can break to any direction. But let’s watch the 46.80 and the 44.59.
If we break the 46.80 then fine, NIO will just go higher to the 50 and continue the bull trend. But by losing the 44.59 we might see our stock at 42.67 again, and with a good chance of losing this price level.
For now, there’s nothing to do, but I’ll keep you guys updated. But I agree that movements like this makes us disappointed with NIO, but this drop occurred on many stocks, not only NIO. Personally, I have many other stocks on my radar, just waiting to be traded.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO - 1HLooking at some stocks now for short term + long term plays.
Some confluences for this EV stock, for upwards targets of around $60, we would need to break $53.50
Short term target is $50.40 - $52.50
If we reject the above $53.50 target then I would expect a correction of the last 1 Year of price action.
Is NIO a good bet right now? 🤔This is it, my dear traders! NIO is trying very hard to escape from this very tight Bollinger Band, and maybe this RSI divergence will give us a clue to where NIO will explode next.
Now I see the 46.80 as the breakpoint for us, and if we do break it, the RSI will confirm the breakout.
We could be a little more oversold in the 4h, but that’s ok. NIO is trying to do a reversal pattern in multiple time frames, and now is a good point to do this.
We just hit the 50% retracement and now we are flying, back above the 38.2%. This is great, but we must do the last reversal pattern before we can fly again! Nio is a good stock, however, I see many stocks that are looking much more appealing than NIO right now, and me and my followers are quite aware of them!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO: The most important key point for the mid-term!Hello traders and investors! Let’s see how NIO is doing today!
First, we have a key point at $ 46.99 . If NIO defeats this red line, the odds are that it’ll do a good reversal in the mid-term seen in the daily chart too.
Let’s keep in mind that the trend is still bearish (short-term), and we have no reversal sign triggered so far, but it seems the $ 43.78 is a nice support for us. What’s more, the 21 ema is finally flat again, indicating some weakness of the bearish momentum, and we are trying to trade above it right now.
In the daily chart we see that the $ 43.78 is indeed a strong support level, and the 21 ema is at the same price level as in the 1h chart, which is quite interesting.
However, NIO is still in a bull trend in the daily chart too, as we do have a series of higher highs/lows, despite the recent pullback. Now the situation is quite simple, if we lose the support level, we might see more correction. On the other hand, if we trigger the point mentioned in the 1h chart, we can finally fly again.
How NIO will behave next? Only time will tell, but we already have a strategy for it! If you like my free analyses, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much!
Bullish Filters for NIO Today we will analyze the current scenario on NIO, and we will define what we consider can be a high-quality scenario in case we observe the following structure (confirmation idea). Please, it's important to understand that we are not saying "that will happen." Our trading approach is defining trading scenarios in advance and only trade if those happen.
Let's start:
a) The price has been moving around the broken ascending trendline. Can the price go above again? That would be key for the bullish perspective
b) Ok, what's next? If the price manages to go above the ascending trendline again, we want to see a breakout of the descending trendline (yellow line). There the price reacted and has been falling a 20%
c) So, what would be the perfect bullish scenario for us? A breakout of the yellow descending trendline followed by an ABC or ABCDE pattern above or in the edge. IF that happens, we think that a breakout above B would be a great confirmation for new highs. However, we should pay attention to the previous ATH.
We hope this was useful to create zones and trading plans. Remember, Risk Management is more important than any analysis or trade.
When will it fly again? 🤔We did break the 46.25, but we quickly went back to the range. That’s fine, as NIO needs more accumulation, and let the BB get tight again. Sooner or later, we’ll explode and by looking at the RSI and considering we are above a support area, it seems it’ll break up!
The problem is that we could be more oversold in the 4h chart, but I’m not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good.
I’ll keep you guys updated about NIO every day.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Just doing what it should do! 😁Ok, NIO went down to close the gap as we expected it would, and now we have some interesting things going on! The price stopped at the support we mentioned yesterday, the 43.89, and it is bouncing back up, as usual.
The 46.25 is a breakpoint, and it could hit the 50 if it triggers a buy.
Since NIO is at support area, doing some interesting patterns, the potential loss is low, while the gain is pretty good. We are not that oversold yet in the 4H, but I think we are ok.
Let’s watch NIO carefully, and wait for an opportunity!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.