As of now the bias across the board on ALTBTC pairs is bullish and is indicated on the most recent video on youtube (youtu.be). As of now a new weekly candle is going to be starting which will determine the probabilities for making either a short or long trade. As of now there is no obvious long positions that have a favorable RR ratio for futures account however...
Looks like possible upside momentum, considering NANO has been under the MA100 for over 200 days on the daily which is a long time in a bearish trend. Possible moves up as a retracement? Can the market claw some % back.
Lots of Nano movement is dependent on, and tracks, Bitcoin's wild ride. So it could still go up or down on Bitcoin's shirttails. But fundamentally, Nano is climbing off its bottom, and about to explode with the December launch of Appia's Manta protocol.
I've got my eye on NANO against BTC. There appears to be support on the price action as well as the daily MACD. I think there could be great potential if the price starts to head north. Forgive the zoomed out look. I wanted everyone to know where my support and resistance levels were coming from. Given BTC's fragile/bearish state, keep it in the back of your mind...
* Weekly close above 1.01 level would be nice for more bullish action * 0.87 level would be good for long adds
Nano is on a long term monthly climb out of its bottom. It's just been listed on Binance America, and is coming to other exchanges and wallets. Nano will be the best-placed coin to take advantage of merchant Point of Sale and vending machine transactions when Appia launch their new Manta protocol.
After a minor consolidation, the volatility is likely to return with a BANG in NANOUSDT! Nice balance in the setup with plenty of buying interest on the 1h coming through (just check those volume green candles). Entry just above swing high with an invalidation of the trade/idea below the red dotted line. Good luck!
NANO had a long wave 2 which could be a sign of strong wave 3 ... lets see !
NANO (NANOBTC) is starting to move on increasing volume... The bulls want to push this one up! On the chart above you can see our main target marked with a dashed magenta line. The blue dashed line is the support that decides which way NANOBTC goes next. Below this support, we look bearish, above this support we look for the bulls. We have bullish...
NANO (NANOBTC) reached a peak on the 29th of July and hit a lower low while printing bullish divergence on the MACD and RSI... It has the potential to move up from here. We can see that it is now trading above EMA10 on low volume. The RSI is bullish and everything looks like a breakout waiting to happen. I am estimating 70% UP / 30% DOWN. But in my mind, it is...
Small consolidation on support level, now at resistance, I will check it for next move as going back to 10100+ and continue to grow
Nano has a huge bullish divergence on the weekly chart for the RSI. The monthly BB will allow for this move, and we will have huge selling pressure. A large correction will follow after this move. Nano will reach $1.50 this month and $4 by December.
$NANO Crossing over resistance level at ~9550sats & EMA50 with a spike in volume today.. If manages to flip this level & keeps pushing up we may aim for a new leg w/ target at ~10.4k sats (~10%) UCTS Starting to turn green on low TFs Set alerts & wait for it if happens #NANO Managing my stop losses, take profits and trades over 3commas platform for Binance...