Today NIO didnโt drop, but it didnโt go up either. It was a boring day, but we still can find some answers about whatโs next.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably itโll drop to the 43.89.
The problem on NIO is the advanced breakdown on the RSI, and the possible head and shoulders pattern. Also, NIO canโt break the 20ma in the 4h chart, and this is another reason why it canโt go up.
Now, more than ever, we must be careful with the breakpoints, as they will tell us if NIO will fly or melt.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably itโll drop to the 43.89.
The problem on NIO is the advanced breakdown on the RSI, and the possible head and shoulders pattern. Also, NIO canโt break the 20ma in the 4h chart, and this is another reason why it canโt go up.
Now, more than ever, we must be careful with the breakpoints, as they will tell us if NIO will fly or melt.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
