NIO goes up or down or sideway? you tell me!
Another day, another NIO.
Please note that i am a n00b trader and this analysis is far from accurate. I just find analysing and drawing fun and educational.
Observation:
We saw a big drop today. Holding at 1 FIB, a previous support and tredline. A LOT of volume around 10:50 and a pretty hefty upwards momentum.
Analysis:
I used Fibs, trendlines and S/R as well as volume indication to draw this, pretty loosly one might say.
My idea:
Bearis as i am i think we'll see a drop to single digits before this moves back up.
SO, are we following the trend down, seeing a reversal or some sideways action? What do you think?
Is the EV Hype dying, is TESLA next?
Please note that i am a n00b trader and this analysis is far from accurate. I just find analysing and drawing fun and educational.
Observation:
We saw a big drop today. Holding at 1 FIB, a previous support and tredline. A LOT of volume around 10:50 and a pretty hefty upwards momentum.
Analysis:
I used Fibs, trendlines and S/R as well as volume indication to draw this, pretty loosly one might say.
My idea:
Bearis as i am i think we'll see a drop to single digits before this moves back up.
SO, are we following the trend down, seeing a reversal or some sideways action? What do you think?
Is the EV Hype dying, is TESLA next?
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