NIO appears to be approaching a major inflection point. Price is compressing into the apex of a long-term triangle while holding above a key ascending trendline, suggesting that selling pressure is fading.
A confirmed breakout above the descending resistance could trigger a strong bullish move. The first target would be the $9.20–$12.10 supply zone (highlighted in the chart). If buyers reclaim and hold that area, the next leg could extend toward $15–17, where the next major resistance sits.
Key levels:
Support: ~$4.80–5.00
Breakout trigger: Above the descending trendline and $6.30–6.50 resistance
Target 1: $9.20–12.10
Target 2: $15–17
As always, confirmation is more important than anticipation. A breakout accompanied by strong volume would significantly increase the probability of this bullish scenario playing out.
This is a technical analysis based on price structure and should not be considered financial advice.
#NIO #Stocks #TechnicalAnalysis #EV
A confirmed breakout above the descending resistance could trigger a strong bullish move. The first target would be the $9.20–$12.10 supply zone (highlighted in the chart). If buyers reclaim and hold that area, the next leg could extend toward $15–17, where the next major resistance sits.
Key levels:
Support: ~$4.80–5.00
Breakout trigger: Above the descending trendline and $6.30–6.50 resistance
Target 1: $9.20–12.10
Target 2: $15–17
As always, confirmation is more important than anticipation. A breakout accompanied by strong volume would significantly increase the probability of this bullish scenario playing out.
This is a technical analysis based on price structure and should not be considered financial advice.
#NIO #Stocks #TechnicalAnalysis #EV
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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.
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.