Nio Euro EW Chartanalyse Einstieg Welle 5
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Monthly Chart Analysis:
Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...
Could this be relevant for the next move?
The good news on the Chinese EV market could send NIO up one more time.
USA EV seems stuck on environmental issues.
Charts like this are very simple. Accumulate in the green zone consistently. Soon volume will spike and price will explode. I think the explosion will come sooner rather than later as it seems this last down move could be the potential final wash out. Either way, there will come a day when price leaves the green zone and heads towards ATH and possibly beyond....
Current Zone: We are in the 'zone of despair,' where weak investors feel fortunate to have sold. This emotional response typically indicates a significant turning point.
Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here.
Future Outlook: I predict...
Potential move for the next 3 Weeks
Volume: A significant volume bar indicates the most recent price drop and signals a potential capitulation phase.
Not Fininacial Advice
Key Points:
Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated.
Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point.
Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent
towards...
NIO has rallied hard (like NASDAQ:TSLA ) reacting off the weekly order block and has arrived at an area of strong resistance. Even though it has broken out of the red declining trendline in the daily chart, it doesn't mean that it has made the ultimate bottom. It can make another connector ("the right shoulder"?) and keep extending to the downside for another...
The idea is that NIO is in a wave 4 correction off the highs and has one more impulse up before it likely consolidates sideways for a long period of time.
NIO is registering significant accumulation at the current price level. Net buy volume has increased significantly this past few days -- hinting of an incoming upside reversal.
Higher lows creation on weekly data histogram has been created -- suggesting the current price point to be the last baseline before the coming series of ascend.
The stock is currently...
Nio price is very near purple trendline
Crossing can be a strong signal for a recovery and a new bullish trend beginning
I suppose it will fail to pass today, heading down to lower trend border at 5.60-5.40$ in the next days
NYSE:NIO Has been on downtrend Descending channel for last 3 years and seems like its getting close to potential break out on Monthly TF!
Upon successful break out expecting 300% gains in near future
#NIO
Hello guys, Nio stock looks like to me as if we have seen a first impulse to the upside.
Now we will see a ABC correction, of which we already saw wave A & B as an overshooting B.(Due to market being too bullish short term)
Expect pull back today, prepare the longs between 4.36$-4.03$
Cheerls legends
Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the...
Possible count for a finished corrective at an interesting price point.
Now, the only issue here is the impulse count of the last C-wave.
There is a slight overlap between the 1 and the 4, but it is just a slight overlap and the end of the 1 there is a sizeable wick, so I would allow that.
The wave 5 here could also not be finished yet, but that's often...
