balinor

NIO down to the hell

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BATS:NIO   NIO Inc.
NIO dropped badly during the last two weeks

Price reached bottom of medium trend channel down but long term channel still have space to drop more

I think price will reach 5.30-5.40$ before a bounce can happen (blue arrow)

Yesterday price find support on medium term border and is also possible ad up move to 7$ (light blue arrow)
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