The analysis begins with NIO closing at $6.33, maintaining above the $6.00 level. The video references a previous analysis mentioning a potential bounce. The current analysis highlights the bearish attempt to lower the price, emphasizing that holding above $6.00 is a bullish signal for further breakout. The predicted short-term target is $7.70, medium-term at $9.00 and long term at 12.50. The main structure shows descending triangles within descending triangles, which led to a 100% movement to the upside, closing at the $7.70 level resistance. The speaker emphasizes that the recent price action has broken both short and long term resistance, forming a flag and pole and a breakout of that long term resistance. This is all happening with increasing volume, and a pullback could create a new Pennant, to continue the move to the upside to the $7.70, which is why holding above the $6 level is important.