NANO just broke the trendchannel and bounced ontop of it. It also broke above the 50-day moving average for the first time since april.
Watch for overbought situations to find the local top.
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...
Guppy turned green on the 4H and is about to turn green on the 8H
Massive bull div on the RSI
Multiple tests of previous resistance --> resistance becomes weaker with each touch.
High volume coming in
If this resistance breaks, Nano could seriously rip.
The only other resistance in sight is 70% above us!
Bullish TK cross, cloud turned green. Bouncing from cloud's bottom/50EMA. 50EMA switched from resistance to support. Volume's back. Breaking out of cloud at the moment. Looks like trend reversal is here.
$NANO / $BTC
Trying to break from a long descending channel w a Buy Signal of the UCTS on the daily chart.
Inmediate target should be around ~1300sats, and if cleared ~1500.
Volume has been showing nice activity over the last days (let see if we have continuation)
#NANO
Nano has made a large spike with a strong volume on July 17 and now is moving in a bullish trend. MACD is making a transition to bullish and the CCI is already in positive territory, although it did not show the price too overextended. Stochastics are not overbought.
Looking at the chart, it looks like the last 3 months of hell (holding alts in BTC) is coming to the end.
We feel that soon the tide will turn and alt-coins will increase in value again soon. Need to wait for a few more confirmations but early signs are looking up.
$NANO
If NANO can hold the support and we will see increasing volume. I will try to dip my toes into NANO.
We saw a nice 50% pump and are now finished retracing. I wan't to see a bounce of the cloud.
Entry: 0.000115
Tight stop (manual): 0.0001100
50% profit target: 0.0001680
$NANO
I'm bullish on NANO. CCI crossed green on the daily, nice volume coming in.
I think we'll see a move up to the mid 1400's, perhaps mid 1600's if the move up is strong enough.
Chart speaks for itself
Fundamentals speak for the project
40X back to ATH's
Seems reasonable for the fastest coin with ZERO fees
Murders BTC on fundamentals as a currency
Fundamental Analysis
Nano has been getting some respite from the downtrend after the project released the latest version of its node software Solidus, last week. The update brings a broad range of improvements to the network. It provides added security, efficiency and makes it easier for services to integrate Nano. All these factors should have a positive effect...
On top of tech and inherent strengths (faster transactions, feeless, ...) NANO seems bullish in the coming weeks after recent strategic partnerships announcement :
- Lower reach on this pair
- Dodji
- Oversold RSI
