NANO/BTC - NANO is back with HUGE POSSIBLE PROFIT (%60 and more)

Nano seems like seen the bottom and now starts is bull rally up.

0.0017 level maybe the first leg of the elliot wave. To confirm this we enter a position at the breakout of this level, our long positions are according to the 3rd and 5th elliot waves. I will keep my stop loss just below the 0.0017 level (to eliminate the damage from bull trap probability)

Buy @ 0.0017
Sell @ 0.0023
Sell @ 0.0028

Stop loss @ 0.00162

Comment:

It made five wave correction, buy getting rejected from 0.236 fibonacci level.

It is a healthy correction, which happens either ABC form or ABCDE form in between the 1st and 2nd waves. It is safer to predict the 3rd wave after a breakout therefore I will wait for the break of the purple line, however for a risky high reward trade it is possilbe to open a position after the breakout of 50 EMA at 1 h chart (red line)

Comment:

It is nice to see a breakout of 14.2k satoshi level however we are in a wedge move, the price strength confirmation is still not there.

I see this trade positive though but it has to close a candle out the wedge at 30m chart. Rsi has bounced back from the previous high (possibly a resistance, should watch it more

Comment:

We are currently on the right track with our analysis.. NANO from wave 1 to wave 2 showed ABC correction as expected. We expect ABCDE movement from wave 2 to wave 3, this is what we may be seeing now.
I personally wait a price strength confirmation above the purple line and ride along with wave 3.