Lzr

Nano, neutral? accumulation?

BINANCE:NANOBTC   NANO / Bitcoin
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Nano bounced on the 0.5 fibb. There's a short term potential for a rally to ~126k satoshi. As long as nano doesnt keep above that price, i would be bearish . There are 2 supports verified but not yet tested. Nano just had a pretty good run, and only based on the chart of binance i would say that Nano is ending its first cycle now. First, to retest the fibb supports. Maybe later on it will retest the psychological support of 100k. Good news aswell: Its forming a giant pennant . What we've seen on other currencies is that they can often extend to very long timeframe's. In that case i would consider a Nano under 80k plausible.

Longterm: bullish .
Short-midterm: bearish .
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