#NIO has been trading for a while in the demand zone, giving great opportunity for low risk entry. And great target potential. Regardless the fundamental analysis, this is just technical analysis.
From this price I will start buy small positions and buy more with bullish price actions.
❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53%
✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern.
✅ - MACD
✅ - STOCHASTIC
✅ - Momentum
✅ - RSI Neutral
❌ - Ichimoku very bearish
⏰ - Breakout around: $37
🚦 - Next entries in case if dropped:
- $30
- $23.30
- 18.70
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
From this price I will start buy small positions and buy more with bullish price actions.
❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53%
✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern.
✅ - MACD
✅ - STOCHASTIC
✅ - Momentum
✅ - RSI Neutral
❌ - Ichimoku very bearish
⏰ - Breakout around: $37
🚦 - Next entries in case if dropped:
- $30
- $23.30
- 18.70
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.