When I plan for the long term I like to go on the Monthly time scale and but my horizontals. Represented here in the color blue.
This time I'm using Fib Speed Fan because it helps me visualize the last yearly movement and helps me prepare for lower levels. It would not surprise me if the price bounced in 1840, for example.
It's possible that something external happens and people massively take their money from ETH which could make the price go as low as 300 USDT and it would still be within reasonable probability, in my opinion.
I mainly work on this analysis to keep myself up to date with the ETH price which is closely related to NANO.
Instinctively, I feel that before the price goes to the price I want to sell my NANOs for it has to go much lower. It really must be the perfect buy opportunity to insstigate people to sell other alts in favor to NANO.
I hope you are all good.
This time I'm using Fib Speed Fan because it helps me visualize the last yearly movement and helps me prepare for lower levels. It would not surprise me if the price bounced in 1840, for example.
It's possible that something external happens and people massively take their money from ETH which could make the price go as low as 300 USDT and it would still be within reasonable probability, in my opinion.
I mainly work on this analysis to keep myself up to date with the ETH price which is closely related to NANO.
Instinctively, I feel that before the price goes to the price I want to sell my NANOs for it has to go much lower. It really must be the perfect buy opportunity to insstigate people to sell other alts in favor to NANO.
I hope you are all good.
Comment:
It is going well.
