NIO is looking WeakAs you can see with NIO, we have a Descending Triangle (which is bearish) on the daily timeframe
We also have an Overbought RSI
And a Red dot (sell signal ) on BlueWave
NIO
$NIO - STIL BEARISH, Rejected at top of channel $26 Price TargetMountain Top Formation, Rejection of Falling Channel, Could not pull through 0.618 Fib Retrace, Major Head and Shoulder
TSLA - THE TOP IS IN? | CORRECTION OVER? CRASH PENDING?An update on my previous TSLA forecast (linked below).
Price hit the 61.8% fibonacci as expected and retraced upwards, again as expected.
It has now hit serious resistance and formed an A-B-C correction pattern.
The way the chart is setup with price action, stochastic and RSI, there is valid reason to believe we have just corrected after selling off deeply in the past few weeks
I expect a downwards continuation to break down further past $550 and towards the $400-$500 range
The EV bubble may still have further room to drop before resuming it's takeover
NIO - Needs a few more days before we get any good long setupsPrice is still consolidation in what I believe to be a wave 4.
Potential resistance zone is at 25/29-ish.
If price doesn't break below that zone, it needs to break above the black VWAPs to have a chance of making a new high.
Also, I would like to see RSI above 50 and ideally in overbought territory.
For now, sit on your hands, no reason to get in too early.
$NIO Reversal Setup! Baghodlers Get Ready! 4/14$NIO Video breakdown. We are setting up to potentially see $NIO reverse on the daily
NIO TRIANGLE FORMATION + Explanation We can expect a breakout of the triangle formation. If we see a breakout UP we need to pass 41,21$ acting as a resistance.
Don't be sleeping on - NIOAbove the trendline and above the blue line = rip
- Looking to work into a position
NIO: Good Risk/Reward ratio? Key points for NIO!Hello traders and investors! Since our last study, NIO didn’t trigger the pivot point we mentioned, but it still could. Let’s see how it has been behaving.
First, in the 1h chart, we have a slow and weak bearish movement , but it seems NIO found a floor around the green line at $ 36.82, and it worked multiple times as a support level.
What’s more, we have a purple trendline connecting the descending tops, making this something like a Descending Triangle chart pattern. And it is great that today we have an upwards breakout from this pattern, as this could trigger a very nice reversal in the short/mid-term.
Nio must keep above the purple trendline now, and above the 21 ema, if NIO wants to reverse the trend in the daily chart as well. Speaking of the daily chart:
In the daily chart, we still see the orange line at $ 42.05, which is the most important pivot point to be triggered . If the trend reverses in the 1h chart, then probably NIO will trigger this pivot point for good.
The risks: The volume is still too low, so we must see a good reaction with good volume first. In addition, the 21 ema seems to be a strong resistance level too, and since the sell-off started, at any moment NIO traded above it.
But if it triggers the points mentioned, NIO could easily seek again the $ 66.95 , as the trend is still bullish in the long-term, so, it seems the odds favor the bulls in the end.
Now, if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea with your like!
Thank you very much!
$NIO Setting Up To Bounce! 4/13Quick Video breakdown on $NIO Could see one more leg down to support where I will be watching this close for a nice bottom buy potential
NIO - Will the patern repeat the last year?Will the current pattern repeat the one from last year? On the current view i put the candle sticks from the same period last year and it looks very similar. On the view from last year i drew vertical line indicating where we are now. Will finally the stock price go up again? I personally think so. Bear in mind that this is only my personal view and i am not financial advisor.
ACCUMULATE NIO SHARES WHILE ITS CHEAP!Possible bullish breakout next week because of the symmetrical triangle pattern which will probably finish at 100% Fibonacci extension level (45-45.5), possibly won't go to 138.2% level (48.23) because of the resistance level of March 13 at 46.28.
There are reasons why its going to have a bullish breakout next week:
1) Strong support at 61.8% Fibonacci retracement level
2) Symmetrical triangle pattern (higher lows, lower highs)
3) Highly correlated with Tesla (95% correlation) and Tesla has bullish ascending triangle pattern now
4) The secondary indicators on 4 hours timeframe are showing that NIO is oversold more than overbought.
And don't forget about Dow Jones theory, on 31 of march NIO broke the downward trend (Recession phase) and now its currently in the Accumulation phase with considerable consolidation of the price. Probably next week we will see the start of another bull rally (Public participation phase) to achieve new peak (Distribution phase), but higher than the last peak of 67 dollars per share...
Learn From tesla Experiencewhat do you think is more important?
moving average itself or moving average slope?
your answer to this question will save your capital in the market and will change the game forever..!
while moving average is a delayed indicator, I believe its slope is a predictive indicator!
Don't believe me, check how I predicted the market crash in EV makers before everyone else!
While everyone fools themselves about the EV makers' stock price and talking about 7000 USD tesla price and for NIO, I was the one who predicted the crash in EV makers as early as February 18th, when tesla was 800 and NIO was 56. I predicted 32 for NIO and it slipped to 31.91.
(please check the related links for evidence)
Please review my Bitcoin analysis as well:
1st: Sep 12, 2020: Bitcoin could technically soar to 100k ( Bitcoin price 10457)
2nd: Oct 21, 2020: Do not trade Bitcoin invest in Bitcoin for the next 2 years. ( Bitcoin price: 12441)
3rd: Nov 10, 2020: short term in contrast with long-term ( Bitcoin price: 15186
4th: Nov 11, 2020: fresh out of consolidation: Bitcoin price 15861
5th: Nov 25, 2020: Next 10-12 months of Bitcoin: Bitcoin price: 19090 (target 50k-72k in less than 1 year)
6th: Nov 26, 2020: Should we panic? Bitcoin price 16508
7th: Jan 10, 2021: It May sounds crazy, but this is an opportunity to buy Bitcoin: bitcoin price 35565
8th: Jan 27, 2021: the more it consolidated the further it goes. Bitcoin price 31262
In conclusion, I believe the 100K scenario is less likely to happen soon!
NIO potential swing tradeAscending channel
If it respects it, you can trade at the Price Targets shown
if it breaks the pattern, I'd be relatively scared for the short to mid term
My current ichimoku indicators show bearishness, with the potential of reversing.
It also depends on how you view this company.
I have a position in nio and I am leaning toward the bullish side.
Please set a stop loss that is within your risk/loss tolerance!!!
Best,
P
PLUG bouncing in a strong support linePLUG is on a support line tested several times.
Target price: 70
Expected Returns: >100%
Bullish level we observe on NIOToday we will continue with a series of posts we started on NIO; Our objective is to define clear filters on the stock and then trade if the price full-field our filters.
First, let's take a look at the big picture:
Here we can see 2 key structures: The ascending trendline and the support zone. Currently, those levels are converging, and the price is exactly there. From a technical perspective, we can conclude that we are in the best zone in terms of probable scenarios to find a reversal movement.
Now, let's take a look at the main image (post image)
We can see that the price made a clear formation (yellow lines) after breaking the descending trendline. The formation has been between those yellow lines for 25 days. On April's one, we saw a first breakout attempt on the structure. We are observing this small white flag pattern on the edge of the yellow one, and we think that the breakout of that pattern may be the trigger for the bullish movement we are expecting.
Final Conclusion: We have an activation level of 41.08, meaning that if the price reaches that level, we will consider that our bullish view is ACTIVE. Our invalidation level is set below the structure and below the massive support zone at 36.49 (that will work as a stop loss level or as a cancelation level for the setup). Our first target is the next resistance zone at 46.00 (there, we will move our stop loss to the entry-level "RISK-FREE"). Our final target is 53.90 (there we will close our full setup) / The risk rewards ratio that this situation offers is 2.75 (that means that if we risk 1USD on this setup, we are aiming to make 2.75USD, If you have a 50% win rate then congratulations, you are profitable)
Thanks for reading!
$NIO - Downward Channel still intact - Short any rallyTechnical : 1st support price tart under $21. Stoch RSI and Squeeze Mod still heading lower.
Fundamental Risk : Continued production constraint, 2nd HK IPO creating further dilution, increased CAPEX from new factory, possibly an upcoming stock offering or debt offering (Nio has traditionally done an offering once every few months), delisting fears still in the air.
NIO - Blue Channel Consolidation Continues Support off the the .786. Need to set-up a higher low and find an upper tilting channel for bull plays. Need to hold the neckline of the Daily H&S, at the daily LBB (34.36). Resistance at Daily MBB (40.83)
NIO - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NIO is approaching a demand area in green, we will be looking for new buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our red trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, NIO would be overall bearish and can still dive inside the green demand before going up, or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NKLA Swing Trade (Long)Noticing both a falling wedge and positive divergence (falling price action / rising MACD lows) on the NKLA 4HR Chart, a potential sign of downward momentum slowing.
Support level at 12.70 just got tested.
Could see NKLA price rise up to 26.90.
Green levels are untested levels to take profit.
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