NIO
TY again, NIO! It broke our target! What now?Yes, NIO broke our target for good today, and I'm almost completely out of NIO (holding 1/4 of my position). Yes, we are supposed to sell at our targets, but I think it is worth to hold some NIO, and set a trailing stop-gain under 38.40.
Now, it is impossible for us to lose any money, and we can just let NIO fly. If it doesn't, that's fine too. We'll look for another long trade if it drops.
The only reason why I'm still holding NIO is the 4h chart, and the RSI which is still not overbought. If it holds around the 61.8% retracement, it might drop more, peharps to the 20ma, where we can buy back again.
The RSI in the 30min is quite overbought, so, we need to be careful, and reduce the size of our trades.
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Melissa.
TY NIO! Let's start to book profits.Ok, NIO is very close to our first target, but is it worth to hold it longer?
There are some strategies we can use. First, since we do have a RSI divergence in the 30min chart, and NIO looks overbought, we could just book profits and call it a day. But, I believe if we book profits partially is a better strategy, because despite the possible correction ahead, NIO still looks good. It is time to book something around 25 - 50% of our trade.
We have a good and steady bull trend in the 4h chart, and the RSI is not that overbought yet. This tells us that we do have more upside ahead, and NIO could break the 61.8% retracement in this case.
I see now as a good time to avaliate our strategy, and act according to the next movements. But I'm still optimistic with NIO, and if it drops, it wil be another chance for us to buy more.
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Melissa.
Almost hit our target! Let's keep calm and follow the charts!Ok, NIO did the correction to the 20ma as we expected. Now we have some important points to keep in mind.
If NIO loses the 35.70 then it might fall more, peharps to the 34.77. But since this is a bull trend, we are not working with this idea yet, and I rather prefer to wait for more confirmation.
But, in my opinion, NIO could accumulate more, and I'll be fine with it. Let it dance around the 20ma and the bollinger bands get tighter.
The 4h chart suggests more correction, but it is pretty close to our target at the 61.8% retracement now. We'll see how to proceed as NIO gives us more signs. Meanwhile, let's just watch closely! Our recent trades have been doing great so far, but let's remain calm and let the chart tell us what to do next, ok?
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Melissa.
$NIO Target 53.05 for 32.39% $NIO Target 53.05 for 32.39%
Or next add level is at 27.09
Nio has been consolidating pretty well through all of this... I wouldn't be surprised to see a run soon. Good time to start a position if you don't have one...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Nice movements on NIO! Next stop: $ 38.40!Ok, NIO destroyed the head and shoulders we talked about on Friday, and it triggered a buy sign for us! It broke the 34.75 as we said, and now it is flying.
However, NIO is overbought as the RSI reveals, and this means possible correction ahead. The 20ma is the target for this correction, and if NIO hits there, it could be another buy chance for the ones who are late.
The 4h chart looks ok. NIO broke the 20ma on Friday, and now it served its purpose as support, along with the 34.77.
We expect pullback in the 30min, but the bias looks pretty bullish in the 4h chart. The RSI is far from being overbought here. Now the 38.40 is the target.
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Melissa.
NIO: Something nice is going on here!Hello traders and investors! Let’s see how NIO is doing today! We have some interesting movements around, and we’ll talk about them.
First, in the 1h chart, it triggered the pivot point we’ve been talking about, at $ 34.77, and now it is just heading to the next resistance, at $ 38.02.
It is interesting to notice that we have some gaps (yellow squares) above the price. Remember: Gaps work as magnets . They can help the price to keep pushing up.
Now, the daily chart:
NIO is defeating the 21 ema again, and the candlestick looks powerful. This could indicate a V-shape recovery to the $ 43.13 again.
The only thing that it is missing here is the volume , which is still low. This doesn’t mean that NIO will drop again, but it is something to be aware of.
Either way, NIO is finally doing some good signs in the short/mid-term, and we must keep monitoring it closely from now on. If you liked this post, remember to follow me to keep in touch with my daily studies, and support this idea if it helped you!
Thank you very much!
Several patterns and points to watch next week!Nio is doing some bearish patterns around, and it must do a very good movement on Monday if it wants to go up next week. We have a head and shoulders, that wasn't triggered yet, so there's still hope for Nio.
But, what if it triggers? Then the gap at 33.44 will be the target, probably. We also have the 32.61 as a second target, but I don't know if there's any chance of being hit.
The 4h chart has the double top pattern as well, that indicates more bearish sentiment, but neither of these patterns were triggered yet. Therefore, it is important to see a great reaction on Monday, as soon as possible, or Nio will trigger these signs and drop to the targets.
But if Nio breaks the 34.75, I believe it'll seek the 61.8% retracement in the 4h chart, around the 38.40. We'll have our answer next week!
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Melissa.
NIO - Bullish as we reach resistance at $35.50As long as the price stays above the dotted-green "trendline" (Pitchfork 0.5), we are Bullish. Consider $35.50 as the next resistance.
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NIO triggered a probable upward move
NIO is about to violate the major broken support around $34.25 after the rebound from the lower boundary of the downward channel on the 1hr time frame.
NIO could target $36.80 and $39.00 consecutively on the short term; with a bullish signals triggered on both the RSI and the momentum indicators.
From a fundamental perspective, Nio's financial condition is improving after debt and liquidity fears slammed shares. Nio's international expansion promises more runway for growth.
Is there any hope for NIO? Check this out.Yes, NIO broke the black line, and now it dropping as expected. Now, NIO is supposed to take some time before it can do anything bullish again, but there's still hope for it!
This drop was important because NIO just hit the 50% fibs retracement in the 30min chart, and it is holding there.
The 35.45 is the resistance NIO is aiming right now, and it'll reach it, but it must not lose the 32, or it'll seek the 31 again. By breaking the 35.45, hardly the 50% will hold NIO, and the 61.8% retracement at 38.40 will be the target.
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 😉.
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Melissa.
Bitcoin Crossed Below 200 EMAI can not convince you that Bullish run for bitcoin has Gone!
Atleast check all my previous Bitcoin analyses!
I did whatever could do..! decision is yours to make!
I asked short Bitcoin on April 13, 2021, when it was 62-64K
I predicted NIO top on January 11th, 2021 (2 weeks before it happen).
Tesla Top on February 17:
NYSE:GME
when it was 325 on January 30th, 2021
NASDAQ:TLRY Top on February 11th, when it was 63!
Whole EV maker sector on February 18:
NASDAQ:RIOT top on Feb 18, 2021 when it was 62
I asked everyone to buy Gold when it was 1700 on March 6th,
Many people called me stupid, scammer, ...etc, but at least I know I started this to help others!
I know I had mistakes but review my works and judge yourself..!
Moshkelgosha
NIO: We must watch this Pivot Point!Hello traders and investors! Let’s see how NIO is doing today!
First, in the 1h chart, we see that NIO defeated the bear trend, when it broke the purple trendline , and it is not doing lower highs/lows anymore. But there’s no bull trend yet , and it seems we only have a congestion in the short-term, as the 21 ema is flat.
The $ 32.58 is a support level, and it must react quickly in order to make a new bullish movement.
In the daily chart, we are in the lower part of a congestion , and NIO did a false breakout from the $ 31.92 last week. Again, if NIO doesn’t react quickly, it might retest the light green line area once more , and even trade slightly below it.
In order to fly again, NIO must defeat the $ 34.78, as this is a pivot point for us, and would lead the price back up to the $ 43.13.
Let’s watch NIO carefully in the next few days. And if you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Thank you very much!
June 30th, 2021, NIO - EV maker will hit $30 as support. June 30th, 2021, NIO - EV maker will hit $30 as support. Will climb back up above $40 after that. Just a thought
Will accumulate around $30, just my 2 cents. Let's see how it goes with result report after performance.
Not financial advice, your trades can go $0.00. Do your own research!
Watch out for the strongest resistance in the short term!The BB are starting to open again, and this might tell us that the next big movement on NIO is close. If it loses the black line, it might drop a bit in the next few days.
But if it breaks the red line, it'll keep climbing until the 38 area, the 61.8% fibs retracement in the 4h chart.
The problem is the 20ma and the 34.45 area, as it was a resistance and it is the 38.2% retracement . Let's see if Nio will break this area, as this is the most important resistance in the short term.
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.
3-wave Declining Series Finished? Upward Trend Next: LONGNIO has apparently reached a relative-low...and trough in a 3-part corrective wave.
The dip is a nice spot to buy, and NIO should ascend to 60-plus/share eventually -- the WHEN on that remains UNDEFINED. The stock has been fairly volatile, but those seeking a 1-plus year hold are in a good spot to load up.
There seems to be strong support at these previous lows, and it could ascend quickly back to the highs it attained earlier, but stocks take longer to finish corrective waves upward, so the range on this easily could still be a 9 to 12-month hold -- The longer the better, probably! The Red Tesla is flexing, but the resistance it is encountering is probably not significant enough to deter anyone looking for a very long-term hold.
--BDR