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FieryTrading
Jan 16, 2021 9:23 AM

NANO/USDT Break-Out On The Horizon 

Description

NANO/USDT has formed a massive pennant over the last two weeks. At the moment, the price is at the verge of breaking out on the upside.
To trade this set-up, most conservative would be to wait for the price to close above or below the yellow Confirmation lines (C) and trade that particular direction. A close on higher time frames is more indicative.

Also, I've marked a couple of resistances and supports on the chart, in case the price breaks out in that particular direction. Both R1/R2 and S1/S2 are based at recent highs and lows.
Comments
SuperiorTrades
This was a great analysis!
TheSignalyst
always on point, and perfect timing. I am going for the bullish one. which one do you prefer?
FieryTrading
@TheSignalyst thanks for the support. I'm long!
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