blockchaindedi
Short

$NANO Bearish Idea

BINANCE:NANOBTC   Nano / Bitcoin
After a terrific dead cat bounce NANO finally facing the retracement, it already did. and the it bounce again but with weak power and making wick on price actions which means the power of that direction slowly faded.

It is supported by RSI level which shows us a bearish div . Nothing more to say, looking forward for the second short-term retracement before at the end of the month.

1. -22.42% from the current level
2. -22.56% from the current level
3. -40.11% from the current level

Trade safe.
Oct 02
Comment:
Right now the candle stick looks real thight!
May 30
Comment: Yep! This bearish idea was on point! Win +1

a bearish divergence is when the price makes a new high , but the rsi doesn't , so this is not one. but what's the name of that pattern please ?
Reply
@eliottage, ah, i see, my bad mate, thanks for the enlightenment. it's butterfly pattern.
Reply
looks good but you should take a look in 4H and 1H TF. im bearish for a short time but not too deep. my opinion we should keep on eye at 2900-31000 level. we may see a bounce from there.
Reply
MagicCrow MagicCrow
@MagicCrow, hey man i've reconsidered after a re-analysis my chart completely agree with you. but even so i will keep on eye to 2900 levels. good job
+1 Reply
@MagicCrow, great job man, i love your work too! yes, looks good either on your presentation. will be watching it in the next few days/weeks.
Reply
@MagicCrow, stay flat man
Reply
MagicCrow blockchaindedi
@blockchaindedi, yes buddy waiting for BTC maybe it won't drop any further??
+1 Reply
@MagicCrow, yes buddy, let's keep watching
Reply
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