NIO - 3 Scenarios
A descending triangle is often a sign that the bearish trend will continue and further lows will follow. But this is not necessarily the case, because: Triangle is triangle. Brekout in both directions is possible. If the price falls below 32 USD, caution is advised. On the other hand, a new attack on USD 38 could turn the trend. It remains exciting :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.