HUGE WAVE3 NANO INCOMING!Incredible good risk-reward worthy shot
Hi folks, NANO/BTC again!
Correction time today, but not for long! This is a very different post from last time, but of course in a positive way. Soo, let me begin.
-Few reasons to believe, that NANO/BTC is entering a 5 wave Elliott wave formation(currently on wave 2, best opportunity to enter!):
1. The whole crypto market was in a correction for the past 4 weeks, however nano/btc unlike other coins, corrected a lot lower. Most likely the main reason here could've been the dumping of rewarded Nano/btc coins after the binance competition, but we can leave that aside just for now(winners just shorted it).
2. Nano/btc is oversold on the daily as shown by the RSI, MACD etc etc, almost confirmed by every indicator(could not be fitted in the graph).
3. Bitcoin as well as nano/btc, is looking quite strong, and about to break its own downward channel(similar to Nano/btc).
4. Wave 1(assumed to be), did just right now correct to 0.62 ret. level, which held quite strong, and it's one of the rules in Elliott wave theory, essentially creating wave 2.
5. Most of the investors right now, are waiting on Nano/btc breaking the trend line which would give them a confirmation to buy, if that happens, which has a high possibility at this point, we'd see NANO/btc price receiving a huge volume and a major price extension.
6. Lastly, I do think as announced by NANO'S CEO Colin earlier this month, that they will release the long waited NANO/btc mobile wallets on the beginning of next month, which obviously will affect the price massively(this is just a personal opinion, not insider knowledge or anything of such sort).
To end this loooong post, the current wave count I'll based it right now on the most common wave 3 extension of 2.62 of wave 1, it could also be 4.25.
Whatever opinion you have on the current price, NANO/BTC is a good long term investment, in any case, and this year's current all time low, shouldn't be ignored.(based on the many fundamental characteristics that NANO/BTC possesses)
As always, leave an agree, share or comment any suggestion or your opinion on NANO/BTC or the crypto market in general!
Disclaimer:
//This is not a buy/sell signal, you decide what to do with your own money!//
Correction time today, but not for long! This is a very different post from last time, but of course in a positive way. Soo, let me begin.
-Few reasons to believe, that NANO/BTC is entering a 5 wave Elliott wave formation(currently on wave 2, best opportunity to enter!):
1. The whole crypto market was in a correction for the past 4 weeks, however nano/btc unlike other coins, corrected a lot lower. Most likely the main reason here could've been the dumping of rewarded Nano/btc coins after the binance competition, but we can leave that aside just for now(winners just shorted it).
2. Nano/btc is oversold on the daily as shown by the RSI, MACD etc etc, almost confirmed by every indicator(could not be fitted in the graph).
3. Bitcoin as well as nano/btc, is looking quite strong, and about to break its own downward channel(similar to Nano/btc).
4. Wave 1(assumed to be), did just right now correct to 0.62 ret. level, which held quite strong, and it's one of the rules in Elliott wave theory, essentially creating wave 2.
5. Most of the investors right now, are waiting on Nano/btc breaking the trend line which would give them a confirmation to buy, if that happens, which has a high possibility at this point, we'd see NANO/btc price receiving a huge volume and a major price extension.
6. Lastly, I do think as announced by NANO'S CEO Colin earlier this month, that they will release the long waited NANO/btc mobile wallets on the beginning of next month, which obviously will affect the price massively(this is just a personal opinion, not insider knowledge or anything of such sort).
To end this loooong post, the current wave count I'll based it right now on the most common wave 3 extension of 2.62 of wave 1, it could also be 4.25.
Whatever opinion you have on the current price, NANO/BTC is a good long term investment, in any case, and this year's current all time low, shouldn't be ignored.(based on the many fundamental characteristics that NANO/BTC possesses)
As always, leave an agree, share or comment any suggestion or your opinion on NANO/BTC or the crypto market in general!
Disclaimer:
//This is not a buy/sell signal, you decide what to do with your own money!//
Trade active:
Buy in:
@0.0005265 Average price
Breakout point: Above x>5600, confirmation buy x>5700.
@0.0005265 Average price
Breakout point: Above x>5600, confirmation buy x>5700.
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