Nano is looking interesting from here, assuming the wedge supports hold.
All characteristics of the wedge look like a typical bullish falling wedge, with bullish divergences on the RSI, bullish volumes showing historic strong buyer support for upwards movements inside the pattern.
The upside of the quite performer is huge, and it is still has a strong role to play in the transactional currency space with it's high speed, zero emission, zero fee sender POW block lattice technology. The team has been working solidly on the project through out the bear market, and has developed a strong ecosystem of merchant, particularly in poorer nations were a strong transactional alternative over fiat is highly desired.
In my opinion, this is one to watch over the next couple of months, and if it goes, has massive upside potential (as a lot of alts do to be completely honest). It is not as "cool" as the defi space, but the core transactional problem that sparked the crypto space still exists, and the Nano is the one of the only coin out there that actually addresses this need, both in TPS and zero transaction costs, allowing for efficient and effective microtransactions solutions.
All characteristics of the wedge look like a typical bullish falling wedge, with bullish divergences on the RSI, bullish volumes showing historic strong buyer support for upwards movements inside the pattern.
The upside of the quite performer is huge, and it is still has a strong role to play in the transactional currency space with it's high speed, zero emission, zero fee sender POW block lattice technology. The team has been working solidly on the project through out the bear market, and has developed a strong ecosystem of merchant, particularly in poorer nations were a strong transactional alternative over fiat is highly desired.
In my opinion, this is one to watch over the next couple of months, and if it goes, has massive upside potential (as a lot of alts do to be completely honest). It is not as "cool" as the defi space, but the core transactional problem that sparked the crypto space still exists, and the Nano is the one of the only coin out there that actually addresses this need, both in TPS and zero transaction costs, allowing for efficient and effective microtransactions solutions.
Comment:
Blasted through the wedge resistance, and has completed a retest of the channel.. Away we go.
Comment:
Forming a wedge against the channel support, At the time of writing, looks like we have around 7 hours to pick a direction.
Meanwhile, from a USD pair point of view, it has broken out of the channel shown in the NANOUSDT panel above.