Hello everyone, hope you're all doing well.
Today, I'd like to share with you long term and short term idea surrounding NANO.
Short term, NANO looks like it has found a support between 0.8-1.2 USD and it has been trading in these ranges for a while. On the BTC chart, it looks to have found a potential bottom at 0.00000900 BTC as it seems to create yet another...
Nano has had some great results recently but it is coming down in a heavy bearish correction.
Nano is a good asset for the long term with its capabilities against Bitcoin for payments.
As a long term hold this is a good one but not where it is right now...
Possible play here if the trend continues going up. The biggest issue we have found currency is Bitcoin, what will that do over the period of time.
Nano had a heavy correction but has turned recently, could the trend continue?
Keep a close eye on it and if it breaks above the resistance over the next 12-24 hours. It needs support.
The priceline of Nano / Bitcoin cryptocurrency is moving withing a pennant and touched the support of pennant after Aug 2018.
After hitting at support the MACD has turmed weak bearish from strong bearish.
The RSI is oversold and moving up.
Soon the price action will hit the sell targets insha Allah.
The sell targets are:
Sell between: 0.0002730 to...
Most who know me will know I've been watching Nano. Looks like it is retracing and looking to hit some key areas.
Depending on how Bitcoin does and other fundamentals with 'alt-coins' and possible alt-seasons. It could be time to wait to see where it goes.
Only enter on clear direction (Reversal)
Nano / USD Short-term price analysis
Nano has a bullish short-term trading bias, with the cryptocurrency now trading back above key technical resistance on the four-hour time frame.
The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed, following a bullish breakout from a neutral triangle pattern.
Technical indicators on...