#NIO has been trading for a while in the demand zone, giving great opportunity for low risk entry. And great target potential. Regardless the fundamental analysis, this is just technical analysis.
From this price I will start buy small positions and buy more with bullish price actions.
❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53% ✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern. ✅ - MACD ✅ - STOCHASTIC ✅ - Momentum ✅ - RSI Neutral ❌ - Ichimoku very bearish
⏰ - Breakout around: $37 🚦 - Next entries in case if dropped: - $30 - $23.30 - 18.70
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!