Watch for the $ 34 level!
Hi there! NIO keeps going down! But is there anything interesting to do around here? Despite the strond RSI divergence, I don't think so.
NIO is oversold, yes, and at any moment it can reverse the movement. The problem is there's no buy sign, and NIO is heading to the 34 again:
We have no divergence in the 4h chart, but it is at low levels. The 34 will be a decisive point for NIO, and we must watch it closely! The 39.50 is the target for any buy around 34.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
NIO is oversold, yes, and at any moment it can reverse the movement. The problem is there's no buy sign, and NIO is heading to the 34 again:
We have no divergence in the 4h chart, but it is at low levels. The 34 will be a decisive point for NIO, and we must watch it closely! The 39.50 is the target for any buy around 34.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
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