Nano (previously RAIBlocks) has very promising block lattice technology, making it way faster than all other ordinary blockchains (and zero-fee). The recent volatility that has been sweeping across the complete crypto-sphere has without a doubt had a negative effect on it, however, I believe things are about to change for NANO.
I am seeing an ascending triangle in the short-term (dotted white line triangle) as well as as what is known as the death cross coming up to its apex around April 1st. What will happen long-term I cannot foresee, but what I can say is that given the technology that NANO is showing and crypto's historic behavior; I believe this is an asset to go long on. Whether you or anyone should go long or not NOW, will be determined by what happens on April 1st. If we see the price of NANO drop below .00079 it will inevitably recede to its previous low of .0006029 before beginning a new bull run that will potentially bring the price up to .0015549. However if the bear movement is broken and the bulls come out to play pushing the price up when we reach both apexes, I will personally jump in and pickup a whole new batch of NANO at around .0009030 aiming for the following targets:
Target #1 = .0010775
Target #2 = .0013720
Target #3 = .0015549
I usually tend to count Elliot Waves, but during times of extreme volatility and unstable behavior, I choose not to look at that.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
I am seeing an ascending triangle in the short-term (dotted white line triangle) as well as as what is known as the death cross coming up to its apex around April 1st. What will happen long-term I cannot foresee, but what I can say is that given the technology that NANO is showing and crypto's historic behavior; I believe this is an asset to go long on. Whether you or anyone should go long or not NOW, will be determined by what happens on April 1st. If we see the price of NANO drop below .00079 it will inevitably recede to its previous low of .0006029 before beginning a new bull run that will potentially bring the price up to .0015549. However if the bear movement is broken and the bulls come out to play pushing the price up when we reach both apexes, I will personally jump in and pickup a whole new batch of NANO at around .0009030 aiming for the following targets:
Target #1 = .0010775
Target #2 = .0013720
Target #3 = .0015549
I usually tend to count Elliot Waves, but during times of extreme volatility and unstable behavior, I choose not to look at that.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***