NANO has formed a cup and handle and is now fighting to cross out of the wedge charted above. MACD and Stoch show bearish signs and is likely that NANO will correct before proceeding with this rally. For very high probability of returns wait for confirmation above the wedge to place your long.
Hopefully we see BTC stabilize but if not the alts will take a beating and NANO will be no exception.
Thanks for sharing your chart and thoughts on NANO!
Looks like NANO is in some kind of pattern identity crisis recently... Moving in a falling wedge some days ago, followed by a symmetrical triangle and right now deciding between a bullish pennant or bearish rising wedge :)
Looks like NANO is in some kind of pattern identity crisis recently... Moving in a falling wedge some days ago, followed by a symmetrical triangle and right now deciding between a bullish pennant or bearish rising wedge :)
Here is my chart analysis I posted today: