Categories: Technical analysis

NIO Wave Analysis – 31 March 2025

NIO: ⬆️ Buy

– NIO reversed from support zone

– Likely to rise to resistance level 4.00

NIO recently reversed from the support area located between the multi-month support level 3.60 (which has been reversing the price from April of 2024) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the C-wave of the earlier intermediate impulse wave (B).

Given the strength of the support level 3.60 and the oversold daily Stochastic, NIO can be expected to rise to the next round resistance level 4.00 (former strong support from January).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Nio

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