with the very strong price rejection from the 1st of july, buyer would think this must be a strong area of support in 1.48, however i think the cycle of bullish trend from april has ended , the price has never successfully made a higher high since july, and the bearish trend will continue for this pair to the larger demand zone lower down.
Potential upside is at $330 with a 50% gain from now , stop loss at 170. The question would be is air travelling industry blooming this year for such gain to happen this year.
This pair completed a Elliot wave , with a correction wave ending. The MACD indicator is currently giving a selling sign and The next few month is critical with a bearish downside bias to 9.5 support or lower. And then we will be able to see if a new impulse wave start to gain momentum
did a wave count on the weeky chart , and concluded that cardano is currently at the start of wave 5. Price target is at least 10 dollar. Let me know if you argree with the wave pattern!
Nio is currently showing a pendant flag with a break out possibility. The correction impulse had ended on October before the Q3 2021 report and are currently building momentum for a 5 step impulse wave. Drawing a visible range from the drawback from ATH , the price is currently extremely close to the strongest support for the year. The ema 20,50,200 further...
Entry at 2.03 wait for a breakout after a Hugh green candle earlier on , if this current level does not hold we might head back to 200ema and wait for the big move, with a possible 70% gain to ATH
Plotted a bullish flag with a potential upside to hit ATH, will consider entering when the currently price retract back to 100ema and wait for a break out