This is one of the most bearish signs you can see and it's so easy to spot that lots of people choose to ignore it.
Nio is very likely going to come down in the range of 10 to 15 dollars. Since this has the same sentiment as a meme stock i won't try to trade it short.
It's more a warning for bullish people that they could get rekt big time. Especially when trading with leverage.
Nio is very likely going to come down in the range of 10 to 15 dollars. Since this has the same sentiment as a meme stock i won't try to trade it short.
It's more a warning for bullish people that they could get rekt big time. Especially when trading with leverage.
Comment:
Nice pole with and ascending wedge connected to the end. Classic bear flag. The target of the bear flag drops exactly to the first support on the top of the red box.