On this 30min chart showing price history over the previous month, we can see that NIO is in a down trend.
Lower highs and lower lows
Besides the basics, Guth 3x confirm gives a sell signal while MACD shows we are at peak bull strength which means we should see bears regain control of this bearish trend.
Today is critical! If we see a new high, then this could be the start of an uptrend or if it drops, we can expect the trend of lower highs and lower lows continuing.
This analysis is based on candlestick trends exclusively
Comment your thoughts below
Lower highs and lower lows
Besides the basics, Guth 3x confirm gives a sell signal while MACD shows we are at peak bull strength which means we should see bears regain control of this bearish trend.
Today is critical! If we see a new high, then this could be the start of an uptrend or if it drops, we can expect the trend of lower highs and lower lows continuing.
This analysis is based on candlestick trends exclusively
Comment your thoughts below