NIO is forming a triangle, and we´re waiting for it to be broken to give us a better idea of where price is heading.
Bearish Argument: We had an extended downtrend wave was extended, and could still be on wave A of the retracement.
Bullish Argument: 200 Day EMA is holding nicely at 50% retracement, and a short term double bottom was formed.
A new analysis will be published after the triangle is broken.
Bearish Argument: We had an extended downtrend wave was extended, and could still be on wave A of the retracement.
Bullish Argument: 200 Day EMA is holding nicely at 50% retracement, and a short term double bottom was formed.
A new analysis will be published after the triangle is broken.
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📈 Experienced Crypto trader
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🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
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👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
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.