This one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :)
On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment.
So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago.
Please don't forget to like if you appreciate this :)
What do you think about my post? Worked alost perfectly so far. I like your ideas so i would like to know your thoughts. Thanks!
btc42
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David, you know we love you, right?
cryptofriendlyfutureandbeyond
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more NANO charts would be awesome! Thanks for this.
vikacp
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What would be the target of this bullish wedge?
Etch1234
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@angelaccpan, the height of the wedge added to the breakout point, so about 1786 sats
Etch1234
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@angelaccpan, or about 1.65 usd. Not sure if it's still valid at this stage though. It had a massive volume spike and hardly pumped so probably lots of bagholders still want to sell this honest to god sh*tcoin :)