Market psychology chart of $NIO stock:
Current Zone: We are in the 'zone of despair,' where weak investors feel fortunate to have sold. This emotional response typically indicates a significant turning point.
Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here.
Future Outlook: I predict that
NIO could drop to $3.85 to close the gap from June 2020 and complete the falling wedge pattern. The Relative Strength Index (RSI) suggests that the falling wedge is likely to break soon. From $3.85 or this level, I see the price potentially surging upward. Should we close below this, we could be heading toward the $2.90 zone
Disclaimer: I am not a financial advisor. This analysis is for informational purposes only and should not be taken as financial advice.
Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here.
Future Outlook: I predict that
NIO could drop to $3.85 to close the gap from June 2020 and complete the falling wedge pattern. The Relative Strength Index (RSI) suggests that the falling wedge is likely to break soon. From $3.85 or this level, I see the price potentially surging upward. Should we close below this, we could be heading toward the $2.90 zoneDisclaimer: I am not a financial advisor. This analysis is for informational purposes only and should not be taken as financial advice.
Not
The chart is starting to show a bullish reversal and a short squeeze on NIO. We have closed the gap, as I mentioned, at $3.85. There is another fair value gap (FVG) at $2.80, but I don't think we will reach this level. It might drop toward $3.50, but no more, in my view. I added some long positions at this level yesterdayNot
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.