There was a false breakout in the last descending triangle.
Another descending triangle looks to be forming.
If prices can get back over 20MA, we might see a move up instead but as for now i am bearish regarding nio.
I think we're heading lower, pt 22-25$ possibly.
I will keep an eye out because i think nio at 22-25$ can be a good buy.
Not financial advice. DYOR.
Another descending triangle looks to be forming.
If prices can get back over 20MA, we might see a move up instead but as for now i am bearish regarding nio.
I think we're heading lower, pt 22-25$ possibly.
I will keep an eye out because i think nio at 22-25$ can be a good buy.
Not financial advice. DYOR.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.