Yes, NIO broke the black line, and now it dropping as expected. Now, NIO is supposed to take some time before it can do anything bullish again, but there's still hope for it!
This drop was important because NIO just hit the 50% fibs retracement in the 30min chart, and it is holding there.
The 35.45 is the resistance NIO is aiming right now, and it'll reach it, but it must not lose the 32, or it'll seek the 31 again. By breaking the 35.45, hardly the 50% will hold NIO, and the 61.8% retracement at 38.40 will be the target.
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.
This drop was important because NIO just hit the 50% fibs retracement in the 30min chart, and it is holding there.
The 35.45 is the resistance NIO is aiming right now, and it'll reach it, but it must not lose the 32, or it'll seek the 31 again. By breaking the 35.45, hardly the 50% will hold NIO, and the 61.8% retracement at 38.40 will be the target.
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.
