NANOBTC is trading within a symmetrical triangle and it is going to breakout soon.
- We have a strong breakout followed by a retrace. - 70+ days of consolidation. - Price being maintained after breakout. - Higher lows. - If NANOBTC breaks down, according to all market indicators, it will still bounce up strong.
Any update on NANO? I steered clear of this, price has fully retraced to where it started the run from. I'd certainly appreciate your thoughts on this.
Best,
James
AlanSantana
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@jscduk12, It should be getting ready to breakup. I will take a closer look now for you.
AlanSantana
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@jscduk12, I am seeing a descending triangle now... We ought to wait longer since it is below EMA10 and EMA50 as well.
I would wait for the triangle to break or a break above EMA10 to confirm the action:
You can always join before the breakout with a tight stop loss.
jscduk12
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@alanmasters, Thanks for the prompt response here mate, I truly do appreciate that.
My thinking was the same. I'm a bit concerned considering it quadrupled from $0.76 to almost $4 but hasn't managed to retain a penny of value from that. I'll personally play it safe and wait for the triangle to break - not an experienced enough trader yet to take much risk.
Again, many thanks buddy. Best of luck to you.
Best,
James
RobGee
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can anybody tell which indicator is the last one? Is it a MFI kind one? Like the colors on the peaks and lows