This is the weekly chart to compare with the 30m chart I posted
We know that NIO is in an overall bullish phase from the weekly trend line, in our daily trend line we enter a short bearish phase closing in on the weekly trend line. Once the phase reaches our weekly trend line, a buy position opens in our yellow rectangle box, but IT MUST break the box as well, for confirmation that a daily bullish trend has started.
Using risk management, we know at what price to buy XRP for a potential blowup, or for its continuation of forming the triangle within the golden ratio limits
Potential reversal coming soon, long term support trend line is present and if not broken, the bullish trend will begin, if broken (highly doubtful as to the actual value of the company according to different analyses and catalysts) strong bearish trend will be expected.