Be careful with this bearish pattern! 🛑🐻
Today NIO didn’t drop, but it didn’t go up either. It was a boring day, but we still can find some answers about what’s next.
The 46.19 is a new breakpoint for NIO, and the 45.24 is a new support. If NIO loses this price, probably it’ll 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 can’t break the 20ma in the 4h chart, and this is another reason why it can’t 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 “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
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 it’ll 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 can’t break the 20ma in the 4h chart, and this is another reason why it can’t 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 “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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