Since may 2022 nano has been in accumulation. just like 2021 the chart has formed a inverse head and shoulders pattern, the covid crash (a black swan event) made this possible. this already highly reliant pattern is even more reliable due to the time frame. the longer the pattern te more likely it works out.
Targets are the blue lines. the first wave should hit the top of the blue channel arround 2 dollars. for the entire bullish wave im expecting 8 dollars per nano for this market phase.
as you might be aware of.. a global ecomomic recession is on the rise. these are very hard to predict and have impact on this chart. ive lately relized that black swan events are part of your chart, you have to take them into account. also it doesnt matter how the price got influenced in the past, every piece of data counts. thats why ive made an even longer term prediction on nanos price. it takes a ≈80% crash into account. keep in mind the time frame on these can change, what cant change are the ranges in the chart.
i will be posting that soon, because tradingview doesnt have the entire price history of nano. one thing i know 100% sure, this is breaking out.
Targets are the blue lines. the first wave should hit the top of the blue channel arround 2 dollars. for the entire bullish wave im expecting 8 dollars per nano for this market phase.
as you might be aware of.. a global ecomomic recession is on the rise. these are very hard to predict and have impact on this chart. ive lately relized that black swan events are part of your chart, you have to take them into account. also it doesnt matter how the price got influenced in the past, every piece of data counts. thats why ive made an even longer term prediction on nanos price. it takes a ≈80% crash into account. keep in mind the time frame on these can change, what cant change are the ranges in the chart.
i will be posting that soon, because tradingview doesnt have the entire price history of nano. one thing i know 100% sure, this is breaking out.
Comment:
still higher low, was to be expected
