Watch out for the strongest resistance in the short term!
The BB are starting to open again, and this might tell us that the next big movement on NIO is close. If it loses the black line, it might drop a bit in the next few days.
But if it breaks the red line, it'll keep climbing until the 38 area, the 61.8% fibs retracement in the 4h chart.
The problem is the 20ma and the 34.45 area, as it was a resistance and it is the 38.2% retracement . Let's see if Nio will break this area, as this is the most important resistance in the short term.
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See you soon,
Melissa.
But if it breaks the red line, it'll keep climbing until the 38 area, the 61.8% fibs retracement in the 4h chart.
The problem is the 20ma and the 34.45 area, as it was a resistance and it is the 38.2% retracement . Let's see if Nio will break this area, as this is the most important resistance in the short term.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
