The recent NIO rally came to an halt and is now correcting.
I think we can expect the price to drop to around $13.70 which a support level. Should we go much lower than that price point and we might see a trend reversal to the downside. Next support should be around $13.15.
If price holds above $13.70 this pattern is confirmed and we should be a new try at piercing through the current resistance level ($15.45).
I think we can expect the price to drop to around $13.70 which a support level. Should we go much lower than that price point and we might see a trend reversal to the downside. Next support should be around $13.15.
If price holds above $13.70 this pattern is confirmed and we should be a new try at piercing through the current resistance level ($15.45).
Comment:
We are about to break resistance.