An idea for NANOUSD
An also great entry point for the coin
as an expected double bottom is going to play out
Two tests of this level (in red) affirm the line as a point of support for price (resistance turned support)
200MA will curve and lead to up continuation
What Is Nano (NANO)? Well, I don't think NANO needs any presentation, but let's do it!
Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern...
On the daily and 240 -minute charts, the downtrend is broken, and we are waiting for the price increase.
The interesting point about this chart, is the Diagonal pattern which has formed in the 60 -minute chart.
The first ascending wave is completed in the range of 0.0001216 and its corrective movement is finished in the form of 3 waves with the Diagonal pattern in...
Unlike Litecoin finding strong resistance and TRON finidng mild resistance, NANO seems to be breaching the critical resistance level, coming back to check it as support and keep on rising.
Promising technical behavior for a rise further higher up but be careful... everything is rising, hope it's not just fireworks fellows.
Technically? It's a BUY
Extremely volatile, yes it could possibly fly higher after it went 4x it's value but froma technical analysis point of view there are 3 un-checked levels and most likely the price will need to drop and check them.
Then it either rebounds on one of them (consider to buy then) or sink to the next one.
Just be careful when you trade such volatility.
NANO is possibly forming a bullish symmetrical triangle, In the green box I believe it is a good buying zone for this asset
The symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
Push the like...
Purchase opportunity at 11
A very sensitive point to keep or sell: 13-14 more than 25 percent profit
Falling to 10 (According to the chart and the average of 100 days) or increasing to 15-16 (more than 40% profit)
This is just a suggestion.
Welcome to this quick Update.
Let's get to the chart.
Why am I bullish on NANO?
1. Breakout of the Falling Wedge pattern.
2. Breakout of the long term (ALMOST 349 DAYS) Resistance.
3.BULL FLAG in daily.
4. Golden Cross (50D MA crossing over 200D MA)
1132 TO 1155
Stop Loss: 1082
This idea is not meant to be a financial...
Nano is currently in a downtrend, as shown by the parallel channel
The macd can be shown to be displaying similarities to previous movement within the channel
I wonder if we will see a dip again before the rise
There is also a bullish divergence on the MACD
The Priceline of World's 52th ranked out of more than 2300 cryptocurrencies NANO has formed bullish Shark pattern and entered in potential reversal zone and ready for bullish divergence at any time.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of NANO price...
NANO is another coin which recently hit a new all time low. This looks to be creating a brand new support zone as well, its not confirmed until we see a double bottom. For now, it looks like a daily green wick is holdin, supported by a strong oversold exhaustion by sellers. I expect a short term pump up to the new daily resistance at T1 of 820 sats,...