NIO Inc.

Be careful with this bearish pattern! šŸ›‘šŸ»

535
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.

syot kilat

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.

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See you soon,
Melissa.

Penafian

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