In monthly 20.60$ is the key for nio bounce. Failure to hold this is taking us to 16$.
NIO has been crushed today despite having NIO day yesterday. The overall market today was bearish and bears were in control. I see two possibilities from here. The most probable possibility is another 5% down within this weak and we hit the strong support channel. From there we go to ATH. The other less probable but possible scenario is NIO keeps going down till...
The current falling wedge in 1H has absolute bottom of 1.69$. If the bulls manage to break this wedge things can get interesting.
We have ticker symbol NIO . Recently NIO had a tremendous run but now that bullish run seems to reach a critical point. It re-gained its 200 EMA and now tested and failed 90 EMA. 90EMA is very important to consider here because all last bounces failed to overcome that. The most probable move is: the price action will test 200 EMA and then after testing the...
S&P 500 in weekly chart is respecting trend since March 2020. The previous support from 2019 became the resistance. The timer is started now for the coil to break. Down or UP time will tell.