Let's Backtest #nano-
#nano made Inverse H&S after 1H RSI reached a low of 16.26 with Bullish Divergence, then in 3 days it surged +150% then again in 2 days it dropped till the 50fib.
Right now, #Nano 1H RSI level has dropped below 18, after the breakdown from symmetrical triangle & 68k sats Support level, however there's no Divergence yet & also no reversal pattern till now, so its time to keep an eye on #nano #Crypto
#nano made Inverse H&S after 1H RSI reached a low of 16.26 with Bullish Divergence, then in 3 days it surged +150% then again in 2 days it dropped till the 50fib.
Right now, #Nano 1H RSI level has dropped below 18, after the breakdown from symmetrical triangle & 68k sats Support level, however there's no Divergence yet & also no reversal pattern till now, so its time to keep an eye on #nano #Crypto
Comment:
Just observed, there's divergence in macd but none so in rsi.
Comment:
Nano just made a new all time low, things can get ugly from here, for #NANo
if it drops one more time, it goes into price discovery mode and we will have to use fib extensions to estimate future support levels for #nano.
if it drops one more time, it goes into price discovery mode and we will have to use fib extensions to estimate future support levels for #nano.