NIO/N trade ideas
🔋my updated analysis on NIO🔋hello traders, NIO took a dip after a we saw rejection at trendline resistance ! we predicted this in our last post, so congrats if you secured gains.
Now we are seeing a dip to local support, potential dip entries around 37-38 and we can target a breakout past trend resistance after a small consolidation period. goodluck! like and follow for more
IN NIO - WE TRUST ;pLET'S GO!!!!
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NIO : Correction.NIO uptrend reach our first checkpoint 42$ mark and now we can aspect a correction can happen around 42$-45$ mark. If it keep moving like this then we can aspect NIO to reach trendline 47$mark and then do any correction.
Previous Analysis.
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Mention your ideas in comment :)
NIO : Correction is happening. NIO uptrend reach our first checkpoint 42$ mark and now it doing some correction around 38$-44$ mark. After finishing this correction it complete its uptrend towards over second checkpoint 47$ mark.
Previous Analysis.
If you agree then like idea and support me.
Mention your ideas in comment :)
NIO THE RIPPER OF CHINESE EV'SOverhead supply here on NIO. Will take it a week or so to start eating through it. Watch the rocket ship above 44.27.
NIO Fib retracements and time series.Moving average lines crossed again and we can see a swing up to ATHs by EOY and a Rally to new ATHs by mid March.
NIO short term bearish after earningsSqueeze momentum indicator loosing steam, rsi overextended and ARTC almost hitting the upper channel.
NIO Setting Up + Upcoming Catalyst NIO DAYNIO, the electric vehicle company is setting up again after being on a serious downtrend since its surge in January. This surge was the result of lots of "hype" around the name, the rise of Tesla, and its upcoming NIO day which happened on January 9th, 2021. We saw a massive run up the month before, around 60%.
This year, NIO day is happening on Dec 18th, 2021. This should cause an influx of volume and talk about the name. Keep an eye on this one.
In order to confirm the Elliot waves, we still need to create the (E) section of the triangle. Once this is confirmed, I believe we can start rising. However, with NIO day approaching soon, there is the possibility of NIO ripping before the set up completes. I will be watching for any signs of a pullback and be entering calls and shares around the 38-40$ mark.
Definitely keep this one on watch because we know from previous bullish runs, that this thing can RUN. The upside potential is very high here.
NioI think NIO will possibly return to the all time high.
Need to see if the upper resistance trend line is broken
RSI already revving up, so be careful.
I'm long NIO, holding for years to come.
Monthly bull flag bioI think Nio is making bull flag pattern. And it is current in a D of ABCD and after Pull back from D we will fly from E.
Waiting for the Triangle pattern to be finished | NIOToday we will take a look at the current formation on NIO
From a technical perspective, we are observing a triangle pattern. But what is a triangle pattern?
Ralph Nelson Elliott one of the fathers of modern technical analysis, and the creator of the Elliott Wave theory, Identified that the price moves on impulse and corrective sequences.
One is followed by the other one. Based on that he defined 4 types of corrective patterns
-Flat
-Zig-Zag
-Irregular
-Triangle
He also created a system that helps us know when a pattern is finished or we should keep waiting. The example we will use is a triangle pattern. Triangle patterns have 5 waves ABCDE, once we are able to count those waves and we can define clear edges both on the top and bottom of the pattern, we can think about breakouts and the beginning of a new impulse.
In the current situation of NIO, we can count ABCD, and we should wait for E to be sure that the pattern is finished. Once we have that, we can define activation levels as you can see on the chart, and we can define invalidation levels below the structure. The targets of these structures can be defined using fibo extensions or cloned channels.
The main purpose of this is to find situations that we are sure are finished and avoid engaging on charts that we don't have certainty about that.
So my conclusion on NIO is that the pattern is not finished yet, and I would like to see that E wave before thinking about the idea of a new bullish trend happening. Thanks for reading!
NIO Elliot wave detail analysis Nio is currently showing a pendant flag with a break out possibility. The correction impulse had ended on October before the Q3 2021 report and are currently building momentum for a 5 step impulse wave.
Drawing a visible range from the drawback from ATH , the price is currently extremely close to the strongest support for the year.
The ema 20,50,200 further confirm the price is currently at a very right range, showing a promising buying point , they are ready to pull away from each other.
The potential upside gain is more than 50%
