$Nio - investment idea 💡

#NIO has been trading for a while in the demand zone, giving great opportunity for low risk entry. And great target potential. Regardless the fundamental analysis, this is just technical analysis.

From this price I will start buy small positions and buy more with bullish price actions.

❌ - Moving Averages still bearish, price distance to fast ma 0.50% and to slow -17.53%
✅ - The scenario is duble bottom, and bearish butterfly 🦋 pattern.
✅ - MACD
✅ - STOCHASTIC
✅ - Momentum
✅ - RSI Neutral
❌ - Ichimoku very bearish

⏰ - Breakout around: $37
🚦 - Next entries in case if dropped:
- $30
- $23.30
- 18.70

⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!