This is a little ugly but still the same idea.. This is already one of my favorite coins for the year! Watch out longing straight into this resistance- give it a few days and see if we can crack it on the first attempt.
Good luck and Happy trading.
NIO has respected the 20day ema almost forever now. Great opportunity to look at some calls...
Also noting parabolas can be very dangerous, this thing has been a monster the past couple months.
Be careful out there, and happy trading
Comment your thoughts!
as you can see this is a pivotal zone, looking at june 3rd we tested this area as a resistance which is now a support (hopefully we keep it) or it could get bad in the short term.
As we can see on the 4H graph we are at a pivotal point and will either reject from resistance or break out and hopefully find a new support! The resistance should be weakening now that we have tested it multiple times. Let me know your thoughts
Happy trading
As we know the more a resistance is tested the weaker it will become! My last post nailed the drop down after touching this resistance- but we can see enj wants up. Waiting for confirmation ~1660s before entering. Good luck!
