NIO Multi-Pattern Bullish Thesis: Triple Bottom & Dual C&H Break

TradingView2026/04/26 08:48

By:TradingView

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Analysis:
We are seeing a rare confluence of high-probability bullish setups on the NIO daily and weekly charts. The stock appears to be emerging from a long-term basing period, supported by three distinct technical triggers.
1. Short-Term: Small Cup & Handle (C&P)
We have a local consolidation forming a handle near $6.21. A high-volume breakout here targets the previous reaction high.
1st Target: $8.09 (+30%)
2. Intermediate-Term: Big Cup & Handle
A larger rounding bottom (Cup) is maturing. The depth of this formation suggests a measured move toward the next major liquidity zone.
2nd Target: $9.63 (+55%)
3. Mid-Term: Triple Bottom Reversal
On the macro timeframe, NIO has successfully defended its $3.34–$4.00 support zone three times. This pattern typically signals the end of a long-term downtrend and the start of a new bullish cycle.
3rd Target: $13.17 (+112%)
Timeframe Expectation:
While short-term targets may be reached within months, I expect the full technical thesis (including the Triple Bottom target) to materialize within 18 months, aligning with NIO's projected growth cycle into 2026.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

NIO Multi-Pattern Bullish Thesis: Triple Bottom & Dual C&H Break

You may also like

Crypto prices