After a sharp drop in price, the momentum equals, which is a positive signal. The RSI has also fallen gently, which means a positive side. There are also strong support levels for the GAP at Dec. 11 and 15. I think four scenarios are possible.
1. The NIO drops to $ 36 or $ 30 and the price recovers over time.
2. The fall stops at the support level and the price moves sideways.
3. The price drops to $ 60, bounces off the resistance level, drops to $ 44 and below, thus creating a head and shoulder pattern, then a serious price correction would be expected.
4. The price moves further in the yellow channel, moving away from the level of support and resistance, thus creating a solid and long base to emerge from it to new heights.
5. The most unrealistic scenario in the next week the price reaches +70.
1. The NIO drops to $ 36 or $ 30 and the price recovers over time.
2. The fall stops at the support level and the price moves sideways.
3. The price drops to $ 60, bounces off the resistance level, drops to $ 44 and below, thus creating a head and shoulder pattern, then a serious price correction would be expected.
4. The price moves further in the yellow channel, moving away from the level of support and resistance, thus creating a solid and long base to emerge from it to new heights.
5. The most unrealistic scenario in the next week the price reaches +70.