I've got my eye on NANO against BTC. There appears to be support on the price action as well as the daily MACD. I think there could be great potential if the price starts to head north. Forgive the zoomed out look. I wanted everyone to know where my support and resistance levels were coming from. Given BTC's fragile/bearish state, keep it in the back of your mind during this trade as it could make it go south. However, I'm entering here with a tight stop loss below the support level. I'm hoping that if BTC can hold things together, we could be in line for very big gains.
Nano holds very strong against btc he did not flinch one time caught this on at the bottom. Good luck !
step_ahead_ofthemarket
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Great chart! Just hope it doesn't actually go to 0.
I was really into the NANO concept 2017-2018. Have there been any good updates by the developer team recently?
jpbrown1023
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@step_ahead_ofthemarket haha let’s hope not! The best news I’ve heard so far is that Binance added NANO to their US market which offers a a large portion of their market volume. Right now the crypto market and all its participants are trying to establish there place and value in the field. We’re still in a highly speculative phase which is why the fluctuations in price are so high. Taking this into consideration, you should take caution when investing in such a market. However, I like what I see here. I made an important mention to Bitcoin because it does control the market and should always be considered when trading due to its influence on the alt coins vases in its performance.
step_ahead_ofthemarket
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@jpbrown1023, Thanks for the info! I agree, it's still very early. Concept behind NANO is arguably good, but the team made terrible financing decisions in their early stages. Let's see how it turns out :)