This is my first post; I'm just starting out drawing trend lines and showing my work. I've found using the logarithmic scale makes more sense since absolute value does not take into consideration the percent change. I am in no way an expert; I just want to forecast the price of Nano. Nano is an instant, feeless, environmentally-friendly cryptocurrency. Currently there is no way to directly trade USD for Nano, although a few groups are working on it now. Once that is set up, competitors enter the marketplace (driving down conversion fees), and support for multiple international currencies is accepted, then Nano's frictionless nature easily allows for P2P transfer of value rivaling the entire international banking system. Long-term I am very bullish.
I think we will see another pump in the coming hours and break past $1.04. If not, the trend lines converge around Cinco de Mayo. If we again reach the recent highs of $1.20 and stay away from the lows of $0.75, I think it is safe to say we will not see those lows again in the future. I expect that after this buying session settles down, there will not be interest of this kind again until early May, meaning late April is a great time to buy.
I think we will see another pump in the coming hours and break past $1.04. If not, the trend lines converge around Cinco de Mayo. If we again reach the recent highs of $1.20 and stay away from the lows of $0.75, I think it is safe to say we will not see those lows again in the future. I expect that after this buying session settles down, there will not be interest of this kind again until early May, meaning late April is a great time to buy.