Last night the price was able to breakdown the support "The lower part of the channel in red", and the price went all the way down to retest the support area between 0.043 and 0.041. At this point it's still not clear whether the price will bounce back or break down this support area too. If another breakdown happens at the support area, the price may fall to the...
The price is around 0.38% Fib retracement on daily chart, also, it is in a strong support zone. This is a good early signal to buy some NIO, and the stoploss will be at the first candlestick close under the uptrend line in red.
The price for the 4th time failed to break out the resistance in blue, and now for the 4th time is trying to break down the support in red. It still moves sideways inside the channel, and hasn't been able to escape out of it. As we said before, if breakdown happens at the new support in red the price will at least go to support area between 0.043 and 0.041, on the...
The price is moving sideways now, and it has been bouncing back and forth between the new support in red and the new resistance in blue. If breakout happens at the resistance, the price at least will go up to 0.082, on the other hand if the breakdown happens at the support, the price will fall at least to the support area between 0.043 and 0.041. As you can see...
Yesterday, the price failed to break down the support line at 0.47, and it was bounced back to retest the downtrend resistance in blue. Since Feb 7th, this is for the first time the price breakout the downtrend resistance. The price is testing the resistance now around 0.062, and the red doji candlestick is an indication of possible bounce back. I will update the...
The price strongly hit the support area between 55.92 and 54.35, but the breakdown hasn't happened yet. If you look at the volume you will see it's relatively too small, that's why most likely the price will bounce back. But as we mentioned before, the earnings announcement on Mar 1st could cause unexpected moves anytime. We will keep the chart updated if anything changes.
The price hit our TP1. We close a half position at TP1, and we leave the other half to close it at TP2. Also, we moved our stoploss to breakeven at 205$.You can also close your buy position completely and take all profit now. Up to you...
My last analysis for the DOGECOIN is still effective and nothing new until this moment. I will update the chart if anything changes. Last time the price bounced back from the resistance area and is now slowly moving toward the support at 0.047 and possibly continuing to the support area between 0.043 and 0.041.
The price this morning didn't respect our up-trend support line, and today we adjusted it to be more accurate. The upcoming earnings announcement on Mar 1st, has some unexpected impact on technical analysis, but we will try to update the chart with every move. As shown on the chart, the price is at a strong support area and most likely will bounce back to retest...
Nio retest the support around 59.80 and most likely will bounce back to retest the resistance around 64.46. This is a good early buy signal. The stop loss will be at the first red candlestick close under the red up-trend line, on the 4 hours chart. The first take profit will be at 64.0 and the second take profit will be at 68.0 and the third take profit will be at 74.0.
Yesterday, before the price reached the expected support area between 0.043 and 0.041, the price bounced back at around 0.047 making a new support. The price is at a high resistance and unless bullish investors make a big momentum up through the resistance, the price will continue to fall through the support at 0.047 to retest the support area between 0.043 and 0.04.
The price broke down the support area around 0.056 with a massive candlestick and relatively high volume! The price will most likely go down to the next support area between 0.043 and 0.041.
The price broke down the support line last night at 0.062, then the same support line was retested as a resistance and the breakdown has been confirmed. The price now is retesting our next support at 0.056, and most likely will hit the red trend line around 0.053. If break down fails, the price will bounce back to the resistance trend line in blue, around 0.064.
Since yesterday the price has been trying to break out of the tend line resistance in blue. If the breakout happens, the price will go up to retest the resistance around 0.082. If breakout fails, the price will bounce back to retest the support around 0.062.
The price broke down the support last night and now retests the same support but as a resistance this time, after it was bounced back from the support area between 0.062 and 0.056. What does all that mean? At this point it is risky to buy it because if you look at one hour chart you will see the trend is down! We need on both the four hours and one hour charts...
Sellers put too much pressure on the support today, and if the support survived this time, the Buyers may take control and break out the resistance.
The price is still bouncing back and forth in the form of a descending triangle. You can see that the price is gradually making lower highs which tell us that the sellers are starting to gain some ground against the buyers. In descending triangle chart patterns, there is a string of lower highs which forms the upper line. The lower line is a support level in which...
Nio broke out the pennant flag with slightly good momentum, but because of the resistance at 64.41 the price bounced back to confirm the breakout. If the breakout is confirmed, the trend up will continue. We will update the chart if anything changes.