I will be playing very careful on this volatile market this week. However, NANO looks very promising at this point. Let's see what happens. Will wait for a complete formation of the right shoulder or at least to the bottom before I take a position. Good luck!
BINANCE:NANOBTC BINANCE:NANOETH
Looking at value areas it is becoming clear NANO has moved the value area up entirely now. I would expect NANO to sit in this area or go up and bounce back down to this area from now on. IF it breaks the top red line id expect another big breakout! Lets see.
It appears nano is forming another wedge. Lets watch price action and see if we get a boost upwards or downwards. My other post on NANO has information as well.
BINANCE:NANOBTC
Watch NANO very closely!! if this reversal continues it could be a big one. Pay attention to the top resistance line seeing as it has not been broken yet.
Will Update later.. just wanted to get out while I can. Checkout 15 min chart!
Update from my last TA on NANO, check it on my profile :
We broke outta the long bearish trend-line. now we resume our trip to the moon.
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NANOBTC analyze:
- broke the downtrend
- cup&handle on 1H
- RSI bullish
The market is very volatile right now, so I want to see a more clear breakout and I'll place my bets after 7500 satoshis.
Well - that was a perfect storm of events that caught Nano out in the rain undergoing a decent tress-test:
* Nano rebrands from Raiblocks on Jan 31 in a bear market.
* On the same day BTC begins a steeper decline and takes the alt market with it.
* As BTC and the market begin a major reversal upwards around Feb 7 Nano is drawn into the drama of failing exchange...
This coin is definitely undervalued, especially with the incident that happened with Bigrail it offers a great buy opportunity.
The RSI is at its lowest level and offers a great buying opp. for new entrants!
The trade is active and can offer a 20% short gain and larger long term gains!
Good luck and happy trading
After the collapse in the price of nano due to general crypto weakness and the close of bitgrail piling on behind it, it's time for Nano to rebound on the strength of it's tech.
From a TA standpoint we've had a false breakout below this modified-schiff pitchfork, along with an Inverse head and shoulders ( double bottom head/RSI divergence for added strength)....
I'm no expert on chart analysis at all. Just a regular dude that's been looking for the price os this coin for a long time, ever since the start of the bear markets in January.
When bitcoin started to recover, NANO was hit with the news about the Bitgrail Hack.
I was waiting for a clear sign of reversal ever since, and the first time I can condifently say I saw...
NANO has seen some trouble since the rebrand and the hack though there has been a little boost today though still stuck in the downward channel. IT broke a bit but pulled back. However, MACD signal is about to cross, the 5 day and 20 day EMA are close to crossing so if buyers keep buying it may be a good time to get into NANO if your looking for a way in. I...
There appears to be a divergence forming on the 15m RSI which may indicate the bears are starting to tire out. Wait for a move above the 50 EMA for confirmation. DYOR!
I think NANO isn't done correcting yet, to many people that are are pissed of by getting robbed by @BitGrail and more negative bullshit will be presented as Nano's fault. I'm dropping lower and lower in the richlist which is telling me big players are joining and stacking up because the tech alone will put this baby on the map.
Put my feelings and expectations in...
BINANCE:NANOBTC BINANCE:NANOETH BINANCE:NANOBNB
All,
I would highly recommend Binance NANOBTC or any right now. Like RIGHT NOW. It is at an all time high.
Pros:
-RSI is going up fast almost overbought (BULLISH)
-Volume profile says it is undervalued aka the bulls are going to eat it up (i already did)
-MACD about to cross over
-Volume crossed EMA /...
