Quick update on NANO. In my last analysis, I said I thought we could push up towards the 3300 major resistance level, if we continued to hold above the broken diagonal resistance (pink). We dipped below briefly, but managed to find some buying support, despite many people probably falling asleep on this coin, or dumping it to chase other pumps (looking at you, RVN, ADA, VET, and BNB).
If Bitcoin doesn't dump here (in a very sensitive area right now), I think NANO will finally move up and head towards my targets. I added some more to my long term position at 2535 (not an amazing entry, but I'll take it if we move up considerably). I almost sold when we dipped below the trendline again, but so far it's looking okay yet not ideal. Let's see.
Right now, the r/r seems to be fairly good, since a stop loss would be set probably in the mid-high 2300's, which isn't so far away, while the upside could be pretty massive.
This is not financial advice, and I'm not a professional financial advisor. I'm just curious to see if NANO can finally make a sustained move up.
-Victor Cobra
If Bitcoin doesn't dump here (in a very sensitive area right now), I think NANO will finally move up and head towards my targets. I added some more to my long term position at 2535 (not an amazing entry, but I'll take it if we move up considerably). I almost sold when we dipped below the trendline again, but so far it's looking okay yet not ideal. Let's see.
Right now, the r/r seems to be fairly good, since a stop loss would be set probably in the mid-high 2300's, which isn't so far away, while the upside could be pretty massive.
This is not financial advice, and I'm not a professional financial advisor. I'm just curious to see if NANO can finally make a sustained move up.
-Victor Cobra
Comment:
NANO broke the support again, so not looking great at the moment. NANO has continuously looked weaker over the last several months, which is fairly concerning.
Comment:
We'd need to have a substantial push back above the resistance soon in order to avoid lower support levels.
Comment:
Looks good!
