$NIO TOP 20 UPDATE
Added 2023-06-20 13:49:59 +0000 UTC$9.29 level has been lost here so the bears are in the driving seat right now, the bulls will need to respond to this quickly.
Important level here now to watch is that 0.88 Fib line in white, which is out blue line too at $8.80 and this looks like the 50 Day MA is meeting this point too....this was a resistance line before in May, this will be a big test now, if it flips to support and it holds above $8.80, it means the bulls are stepping in and this will be Subwave 4 completing before going higher.
If $8.80 is lost....this is great for us, this will mean that this is coming down a lot more and so we wait before adding until it finds support.
