Hey, here I share an idea.
NIO is a Chinese EV's company.
I don't have some strong arguments to compare these two, but I believe we can see a reflect of the risk's markets on their structure.
That said, I believe that BTC did find a bottom on 30k and could test higher, between 46k and 50k.
I would long this with no leverage, just in case it does test 20k...
NYSE:F
In regards to the chart - Leaving this here mainly as a visual in order to build upon a more expansive EV map throughout the year in 2022.
Continued information outside what is represented on the chart image:
A bit more history for those who are interested...time to step back to eh EV world in the 1800's......
Did you know Henry Ford was friends with...
We are on 3 consecutive weekly gap ups, which is an exhaustion pattern, accompanied by being far outside the weekly Upper Bollinger Band. Daily RSI in the mid 90s and 4hr also in the 90s. This thing is going to waterfall hard. Not a short recommendation unless experienced, but definitely a time to take some off the table and have a very tight stop
Plenty of bad news coming out on this one. Cancellation of a factory in China, reduced government funding for electronic vehicle (EV) development, and profitability going ever into the abyss.
If this thing behaves anything like TSLA, we could see a nice bounce here. But why?
The EV space is rife with optimism and hope due to the disruptive nature of its...
