is in one of the strongest positions for a massive bull run of any of the coins I've looked at. Currently sitting over 80% from ATH
1.15% (92% down in USD value), NANO
2.04% has been slowly compressing into a HUGE falling wedge
shows strong upward divergence since its last bottom in April, despite being an additional 50% down. MACD
made a double bottom
and is now showing bullish divergence
on this last drop
, creating a nice uptrend that should soon be realized by a massive move up. The ADX
/DMI indicator has also crossed into the buy zone, crossing in May and getting rejected in June. Also, the daily chart
has found support above the UMA
, which you can see has served as strong resistance since May. NANO
2.04% is a coin with extremely strong fundamentals; in my opinion, its one of the best candidates for consumer adoption as digital cash since it is instant, easy to use, and fee-less. At the price of $2.75, NANO
2.04% is extremely undervalued but will likely be back to its ATH
1.15% of almost $35 in the next year (a 1275% increase).
Now, my trade setup:
Enter below 4200 satoshis.
Stop Loss: 50% below 3400 and 50% below the falling wedge
at 2500, or if BTC
-0.10% turns long term bear (only scenario I can think of where it falls to sub 2500.)
Targets are 5000, 7000, 8000, 9500, 11000 (Big One), 13000, 17000, 18600
Ext. Targets are 22000 and 26000
This is a long term trade, likely a year or more.
Remember, this is only my opinion and is not a guarantee. You are responsible for what you do with your money, not me.
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