#Accumulation_Recomendation
Pair : #NANO / #BTC
Platform : #Binance
RSI : 37.8
Volume : A fair amount of volume circulating on the 1D chart.
**Note : Falling wedge triangle pattern formed and already broken out by the past 2 days and trying to form a reversal move by the current candle. We might see some more down ward retrace levels which will be even a good thing to see a stronger reversal trend but need to be above the resistance of the falling wedge which can be taken as a temporary support level. MACD looks to be in favor of the bulls for now and RSI is at a neutral movement but surely will be in a bullish state if volume continues its current momentum. EMA is also on the way to be below the price and for sure will continue to be moving in the current direction if volume made some change and make a boost on the upward movement.
Current Accumulation Area : 1650 sats - 1675 sats
Distribution Targets
Short Term :
Target 1 : 1764 sats
Target 2 : 1841 sats
Target 3 : 1903 sats
Target 4 : 1964 sats
Target 5 : 2052 sats
Target 6 : 2164 sats+
Stop Loss : 1600 sats
Risk : High
Capital Allocation : 5%
Pair : #NANO / #BTC
Platform : #Binance
RSI : 37.8
Volume : A fair amount of volume circulating on the 1D chart.
**Note : Falling wedge triangle pattern formed and already broken out by the past 2 days and trying to form a reversal move by the current candle. We might see some more down ward retrace levels which will be even a good thing to see a stronger reversal trend but need to be above the resistance of the falling wedge which can be taken as a temporary support level. MACD looks to be in favor of the bulls for now and RSI is at a neutral movement but surely will be in a bullish state if volume continues its current momentum. EMA is also on the way to be below the price and for sure will continue to be moving in the current direction if volume made some change and make a boost on the upward movement.
Current Accumulation Area : 1650 sats - 1675 sats
Distribution Targets
Short Term :
Target 1 : 1764 sats
Target 2 : 1841 sats
Target 3 : 1903 sats
Target 4 : 1964 sats
Target 5 : 2052 sats
Target 6 : 2164 sats+
Stop Loss : 1600 sats
Risk : High
Capital Allocation : 5%
