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
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。