Key Points:
Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated.
Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point.
Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent
towards $10.2, coinciding with the 200 MA.
Historical Precedent: Market cap breakouts have historically led to an 84% chance of a price surge. Could we see a repeat of June 2020’s performance?
In conclusion, NIO exhibits strong technical and promising growth prospects, making it an attractive opportunity for bullish investors. Exercise diligence, manage risk, and stay informed to capitalize on the potential upside.
I am not a financial advisor, and this analysis is based on personal research and observation
Trendline Break: We’re poised to shatter the current trendline, potentially pushing prices to $10.2 much sooner than anticipated.
Technical Convergence: The falling wedge trendline and the 50 MA on the 12-hour chart meet at a pivotal price point.
Critical Resistance: Watch for a decisive close above $6. This could trigger a swift ascent
towards $10.2, coinciding with the 200 MA.
Historical Precedent: Market cap breakouts have historically led to an 84% chance of a price surge. Could we see a repeat of June 2020’s performance?
In conclusion, NIO exhibits strong technical and promising growth prospects, making it an attractive opportunity for bullish investors. Exercise diligence, manage risk, and stay informed to capitalize on the potential upside.
I am not a financial advisor, and this analysis is based on personal research and observation
Comment:
Previous view
