Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Beautiful way to test a support. Fibonacci and bottom test. Wait for a reversal pattern in candle stick.
Daily logarythmic chart: We're in a large WXY structure and in process to complete Y with another (WXY). (W) hit perfectly our most likely target at the .618 fib extension and we completed (X) as a corrective move. To finish the structure our target for Y is the 100% extension of W at $146 USD.
NIO completed a WXY correction. Y hit perfectly the 100% Fib extension of W which is the most likely target. In addition we hit the 50% Fib retracement of the whole move and channel resistance. We're at a massive support!! MACD is about to crossover. Targets are $74.30 and $92 the 61.8 and 100% fib extension of the whole move.
tommrow they will have a big day and looking at my chart there is lots of cash to be made.
channel drown in January, fib in October 2019... With the heavy demand in a new Tesla, NIO could be up for a gold rush if they manage record numbers in June (once again after May). I consider NIO as the only real competitor to Tesla and take them more seriously since they have refocused their strategy last year. Bonus: Opposite of that scam that is Nikola (NKLA)