Hi dear friends, hope you are well and welcome to the new trade setup of NANO (XNO) coin with US Dollar pair.
Previously we had a nice trade of XNO:
Now on a monthly time frame chart, NANO has formed a huge bullish Butterfly pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get...
Hi dear friends, hope you are well and welcome to the new trade setup XNO coin with US Dollar pair.
On a 4-hr time frame, XNO has formed another bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
This what I am looking at with the Bitcoin x NANO graph that is fresh new because NANO changed the ticket to XNO recently.
I expect NANO to over perform Bitcoin at some point and the main levels for short term are on the graph.
💎 NANOUSDT after breaking below the ascending channel, it has formed a symmetrical triangle. The price soon may break above the triangle and the major resistance. After the pullback and retest, it can continue the bullish move
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🎳 Entry/Pullback now or from 4.005 - 3.780
☕️ TP1 4.294
🍺 TP2 4.728
🍻 TP3 5.186
NANO:USD is getting close to breaking through a very strong resistance that has been present since mid February.
A resistance NANO has been spending most time under and battling the most since February. Not only is it close to breaking a strong resistance but also a downwards trend line.
A break above can be considered very bullish for NANO.
I see 2 possible...
Nano has formed a very bullish pattern and is sitting on 200MA support, we expect it to rally mid-term!
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Current Price= 0.0001097
Buy Entry= 0.0001090 - 0.0000971
Take Profit= 0.0001411 | 0.0002012 | 0.0002833
NANO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 8.27 and even higher. I see strong resistance zone 8.28-8.47, so I will be taking profit bit lower below the triangle target projection. Still great RRR.
ENTRY : local high @ 6.883
SL : local low @ 6.6
TARGET : height of the triangle projected from...
There are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge...
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
Nano has a big opportunity to pump next weeks with 4x
NANO is one of the few surviving coins from 2018 Bear Market, which has successful broke the big resistance before 2020 Bullaun following Cardano and Ethereum