NIO Inc. Sponsored ADR Class A
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Nio Accumulation pattern

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Nio USD looks to be in an accumulation pattern. Jump over creek in play right now. Next HTF expectation mapped on chart.

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Whipsaw along the way. Sticking with my plan. Looking at reaching $6 before june/july.
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NIO is either entering a spring phase here, or this idea is wrong. We will know in a couple of weeks.
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Spring phase it was. Now looking for price action between current price and $4 area as consolidation. After that, lift-off IMHO.

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NIO still playing ball here. Volume also increased nicely which is something you'd like to see during SOS-phase. I don't know how much sorcery and traps are going to be set here. But I would ignore them all for now. Just waiting for a break-out upwards.

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