NANOUSD In A Bull Trend - Elliott wave analysis

Hello traders,
NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region).
Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway.
Trade well!
NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region).
Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway.
Trade well!
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US Single STOCKS (FREE Access), FX, Crypto
7 DAY TRIAL: testwt7
👉Explore Our Services with @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
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7 DAY TRIAL: testwt7
👉Explore Our Services with @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
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Newsletter Sign up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.