$NIO Inc.(NIO)$ Where will $NIO go?

I know $NIO is everyone's favorite stock and most people probably won't like to see bearish comment. However I am a trend trader and I have no favorite stock. It is not a coincidence that $NIO together with rest of the Chinese stocks listed in US has plunged together since 06/Jul. It's 8 days EMA has crossed below 21 days EMA and it has also crossed below VWAP (Volume Weighted Average Price) which can be seen as a trend reversal. If $NIO doesn't find support at 200 days EMA, it is going to test $31. It is a tough period for Chinese stocks listed in US due to all the geopolitical uncertainties. Otherwise, $NIO is a really good stock to have.