bensonwithin
Long

Nano's Poitential

BINANCE:NANOBTC   NANO / Bitcoin
Nano             has been building up pressure for quite some time. On the left side of the chart you can see bullish divergence forming prior to the 20%+ spike we've seen recently. For those of you that don't know what bullish divergence is I'll explain. Divergence is when the price and the indicator are moving different directions. You can see on the RSI we were making higher lows yet the price was making lower lows. That's known as bullish divergence and is great way to to get in if you catch it early. If you didn't catch that or haven't got in yet, there's still time to grow. Aim for the .5 and .618 levels on the Fibonacci. These levels are common target points. It will be important to get above the 200 ema in blue so expect resistance around that level.
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