Hello everyone. NIO has dropped by almost 60% from the high created on early Jan of last year.
On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern.
On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current level around $25-26 couldn't defeat the revisit. Another sell-off might be triggered with price likely to test the monthly demand zone.
What do you think? Give me a like if you're with me.
On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern.
On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current level around $25-26 couldn't defeat the revisit. Another sell-off might be triggered with price likely to test the monthly demand zone.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan
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plan your trade and trade your plan
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.