Knocking on hell gate

Nio price is very near purple trendline

Crossing can be a strong signal for a recovery and a new bullish trend beginning

I suppose it will fail to pass today, heading down to lower trend border at 5.60-5.40$ in the next days

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Dropping hardly and heading to lower support at 5,60$
It's also possible a further drop till 5,40$

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Bottom reached, a strong upside move can now start

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Tonight NIO raised on Honk Kong marget because of China government (promised) funds and probably will do the same also on US today

I think all EV market will not recover anymore to previous prices... it seem that EV bubble is ending because of decreasing earnings of all companies

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Reversing!!

Price breakout the blu trendline that was not crossed by November 2022
Then crossed 4H SMA50 and 100 successfully