NANO pumping over the next 3-5 days. PT $8.30+ but may not hold
Unless we break out of this channel and start a new more extreme uptrend, I believe we'll see NANO break $8 and peak around $8.30-50 before coming back down.
I caught this while NANO was around 6.50 and called out the drop to 8.40 before breaking the downtrend. I'm of the opinion that this is still valid.
I've been super bullish on NANO historically but recent price action and drop out of the top 100 coins in Market cap has me second guessing if there are just better places to park money though the rest of the year.
I believe NANO will top out around the same time as Bitcoin does, or within a month. I believe Bitcoin will peak around December 28 with profit taking happening on both sides of the new year to spread out tax liability. I can no longer offer a confident price target on NANO's top during this cycle, aside from the fact that I do see BTC likely breaking $200k-300k and I do see NANO continuing to rise in sats, which could potentially place the top at least in the $50-80 range. My gut says higher. I believe the bear market will last through 2024 and the best time to start accumulating again will be the Q3 2023 - Q1 2025. This strategy is liable to change IF we see steady adoption and use amongst alt coins OR we see Bitcoin's market cap taken over by the likes of ETH, ADA or SOL. I think it's rather unlikely to happen this cycle but it's definitely not impossible.
I caught this while NANO was around 6.50 and called out the drop to 8.40 before breaking the downtrend. I'm of the opinion that this is still valid.
I've been super bullish on NANO historically but recent price action and drop out of the top 100 coins in Market cap has me second guessing if there are just better places to park money though the rest of the year.
I believe NANO will top out around the same time as Bitcoin does, or within a month. I believe Bitcoin will peak around December 28 with profit taking happening on both sides of the new year to spread out tax liability. I can no longer offer a confident price target on NANO's top during this cycle, aside from the fact that I do see BTC likely breaking $200k-300k and I do see NANO continuing to rise in sats, which could potentially place the top at least in the $50-80 range. My gut says higher. I believe the bear market will last through 2024 and the best time to start accumulating again will be the Q3 2023 - Q1 2025. This strategy is liable to change IF we see steady adoption and use amongst alt coins OR we see Bitcoin's market cap taken over by the likes of ETH, ADA or SOL. I think it's rather unlikely to happen this cycle but it's definitely not impossible.
Comment:
I started my post with "Unless we break out of this channel and start a new more extreme uptrend." What I mean by this is that my $8.30-50 callout could be LOW if we do break out of the channel. I'll be watching for a wick on the 4hr and 2hr charts to see if it looks like we top out within the channel on this next peak.
Comment:
My timeline was clearly off and I now give way more credence to the NANOBTC chart than I do NANOUSD. I'll be looking at that from now on