Yes, NIO is dropping again, but it looks like it can drop even more. We have yet to hit the 42.34, and the RSI is not oversold yet!
We still have a divergence in the 4h chart RSI, and we are far from the 20ma. Also, NIO volatility is pretty high, and it feels it must decrease a little bit more. Letโs wait for the BB to get tighter, and for it to hit its proper support levels.
Iโll buy when I see an exhaustion, and if I see the right patterns around. Letโs focus on the 20ma in the 4h chart, as this could give us a great buy chance! It is almost there!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
We still have a divergence in the 4h chart RSI, and we are far from the 20ma. Also, NIO volatility is pretty high, and it feels it must decrease a little bit more. Letโs wait for the BB to get tighter, and for it to hit its proper support levels.
Iโll buy when I see an exhaustion, and if I see the right patterns around. Letโs focus on the 20ma in the 4h chart, as this could give us a great buy chance! It is almost there!
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
