Bollinger Bands
Bands are tightening indicating price is in an accumulation zone
StochasticRSI
Between the 11-12th NANO price was very low on StochRSI. A bullish uptrend began. RSI topped out at 80 and began descending. Has room to fall.
Chart patterns
There is a falling wedge pattern forming. Potential break to the upside.
Fibonacci Retracement
Price is at the .236 level. If it breaks to the upside of the wedge the price has room to move.
Psychological resistance(purple)
Psych resistance aligns almost perfectly with fib which tells me other traders have been using fib retracements to trade NANO.
Watch for increasing bullish volume and and for the price to move to the upside of the wedge. Price has room to fall if it does not break up.
Bands are tightening indicating price is in an accumulation zone
StochasticRSI
Between the 11-12th NANO price was very low on StochRSI. A bullish uptrend began. RSI topped out at 80 and began descending. Has room to fall.
Chart patterns
There is a falling wedge pattern forming. Potential break to the upside.
Fibonacci Retracement
Price is at the .236 level. If it breaks to the upside of the wedge the price has room to move.
Psychological resistance(purple)
Psych resistance aligns almost perfectly with fib which tells me other traders have been using fib retracements to trade NANO.
Watch for increasing bullish volume and and for the price to move to the upside of the wedge. Price has room to fall if it does not break up.
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