It seems like since the market insanity back in January 2018 everybody forgets about this gem. Moreover, Nano was a leader of "worst performances" for some time with the maximum retracement in $ value > 95% from ATH. Now it is almost ready to blow.
- The price has been consolidating for 140 days in a narrow range, the 0.786 fib level was clear support, 2680 sats area - resistance with one fake breakout. We see a clear textbook picture of support becoming a strong resistance for the price. Such a long accumulation transferred the majority of coins from the impatient weak hands to the patient market operators.
- At the end of March the price started to go up with consecutive volume growth and the break of the resistance zone. Atm the price is consolidating above the resistance zone and as I think a further pump is incoming.
If we look at the weekly chart with Bollinger bands indicator, we'll see a clear price break above the upper BB-line. IF the weekly will close above the upper BB line, further price expansion is confirmed.
What about targets, in a mid-long term I see the price reaching 7k and 10k sats respectively, do not see any meaningful resistance till the 7k.
- The price has been consolidating for 140 days in a narrow range, the 0.786 fib level was clear support, 2680 sats area - resistance with one fake breakout. We see a clear textbook picture of support becoming a strong resistance for the price. Such a long accumulation transferred the majority of coins from the impatient weak hands to the patient market operators.
- At the end of March the price started to go up with consecutive volume growth and the break of the resistance zone. Atm the price is consolidating above the resistance zone and as I think a further pump is incoming.
If we look at the weekly chart with Bollinger bands indicator, we'll see a clear price break above the upper BB-line. IF the weekly will close above the upper BB line, further price expansion is confirmed.
What about targets, in a mid-long term I see the price reaching 7k and 10k sats respectively, do not see any meaningful resistance till the 7k.
Comment:
The price is consolidating above the resistance turned into a support. Bollinger indicates a consolidation as well.
Comment:
The trade is developing pretty well. Nano remained one of the strongest alts during the btc drop.
