Nano was almost breaking the fundamental resistance level, but then an exchange got hacked/shut down due to a fraudulent owner. Alot of nano went "missing", not going in to details, nano is not to blame. Do your own research.
However, it did result in a huge sellof. I also sold my nano, because my stoploss levels were triggered. After the drop nano stabilized and showed that it is very willing to rise. The fundamental resistance(blue) needs to be broken to call NANO bullish.
Don't forget that this coin used to be 50 dollars once, no bad news came to decrease the value, it just "happened" to decline 400% or so, this might have been the first fib wave, but it is way to early to call it a fibonacci wave. However, the psychology behind it seems legit. We are missing some momentum, but the volume has already exploded, so I expect nano to break out soon.
first profit level: 0.00131 (however, we might blast trough this one, since this was the level before undeserved FUD).
Like this idea for following profit levels and buy in levels.
However, it did result in a huge sellof. I also sold my nano, because my stoploss levels were triggered. After the drop nano stabilized and showed that it is very willing to rise. The fundamental resistance(blue) needs to be broken to call NANO bullish.
Don't forget that this coin used to be 50 dollars once, no bad news came to decrease the value, it just "happened" to decline 400% or so, this might have been the first fib wave, but it is way to early to call it a fibonacci wave. However, the psychology behind it seems legit. We are missing some momentum, but the volume has already exploded, so I expect nano to break out soon.
first profit level: 0.00131 (however, we might blast trough this one, since this was the level before undeserved FUD).
Like this idea for following profit levels and buy in levels.
Comment:
www.tradingview.com/chart/F64SfZLT/
Comment:
If we move below the support line, cut your losses and sell.
If we don't, oh boy, doubling money time!
If we don't, oh boy, doubling money time!
Trade closed manually:
Selling out. There are much more profitable trades out there than to wait on this one to make a move