gtrox115
Long

NANO Looks to Move Back to 11000! (275% Potential!)

BINANCE:NANOBTC   Nano / Bitcoin
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 . MACD 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.
Be sure to like and follow if you found this helpful. Comment any questions or countering TA.

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