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NANOBTC

Triangle are my favorite shape. NANOBTCPrice has bounced and is now coming to an apex. I believe we're still in a down trend, but the waves has turned into a wedge, forming a beautiful triangle. One more sell off so that we may bounce off this bloodbath. I have my target @8029 SATS before there is a possible trend reversal. Please note that it is quite possible that I may have the floor support line off since it has not been tested yet @ 7500 SATS. By tomorrow evening, we should have an indication.
NShort
by FloppinFish
NANO:BTC - Possible Inverse Head and ShouldersThis is not financial advice. The support around the 112490 mark is strong forming the head but could still fall through if the buy volume isn't there. The shoulders could be made between the two support lines at 114670 and 115990. An upwards trend could follow on the Elliot Correction. For those of you that have seen my previous post on NANO, we did fall through the support at 114670. However, the drop in BTC we saw yesterday attributed to this and could also still have a potential impact on this TA. I'm new to technical analysis so any constructive feedback will be appreciated.
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by JeskoTrading
NANO:BTC - Short Term AnalysisThis is not financial advice. Indicated in the short position could be a good opportunity for a 5%-10% gain. If the breakthrough at 135000 occurs in my opinion we could be off to the races up to ~150000 based on what has happened historically. Depending on what happens with BTC and the rise that could occur, this could setback NANO/ALT's during that period. Please let me know what you think of my analysis, i'm new to the trading game so any feedback will be appreciated.
NShort
by JeskoTrading
NANO Bullish after Bearish episode, pending imminent flag breakNANO Bitcoin 30 minute candles (left chart) and 6 hour candles (right chart) Quick update on my NANO charts from last week. In the last two days NANO (unfortunately) reached both my downward targets : 115 and 100k satoshi. The Bitcoin dip probably accelerated the descend. However NANO bounced up bravely from 100 satoshi and has been bullish since. Right now NANO is flagging and testing support at 128k. Be extra cautious while trading as Bitcoin is still very volatile, make sure to monitor BTCUSD as well, you can find my latest Bitcoin analysis and live chart here: You can use this chart analysis to assist you in trading, to help you identify trading patterns, trend lines , support and resistance zones you can monitor for breaks. Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets. You should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on. Be extra cautious during these times of Bitcoin volatility , where BTCUSD fluctuations can easily disrupt trends of other coins. Monitor your investment and set alerts and stop loss orders in place. If you like my analysis an up vote is very much appreciated! Happy Trading! ~ CryptoJC
NShort
by CryptoJC
2
Nano...Technical But Prefer My Alternate Lower EntryNano has entered the golden zone on the 4hr. Could have been bought but I honestly wasn't paying attention to the coin. However, judging by its volatility I am going to watch and wait--be slightly more strategic. Considering the crypto markets as a whole. 2018 is the year of the longmoney. Check your calendar. Watch the resistance at the reverse 50 fib pull (white dashed line) to add some additional pieces to this puzzle. Educational purposes... --longmoney
NLong
by longmoney
Nano, Gains could be anything but! Potential 70%+ ROIThis is going to be a heavily dependent parabolic movement with choreography based on BTC movements. If BTC can keep its pace without collapsing, I'm expecting the parabolic trend to continue as prior events have unfolded. Educational purposes, consider selling when CM_Ultimate trend line begins leaning towards the right. Price target $16.00+ I don't usually reccomend jumping into a parabolic spike, but unless BTC gets nuked from Mt. Gox wallets again, I would expect this trend to continue.
NLong
by Noodley
NANO - Watch for Wave 3So my last NANO trade was one of my more profitable trades (except for when I bought in December, of course), buying in at 76K and exiting around 135K. NANO has outstanding tech and a LOT of good news coming - New wallets, Venezuela project, and roadmap. There are rumors that the roadmap will also contain major announcements as well, as the team has been constantly "reviewing it for legal reasons" according to their discord. The implication being, of course, something large enough to merit legal oversight is in the roadmap. I suppose we will see. Now let's look at the technicals. First, looking at a daily chart it is obvious NANO has broken its long-term downtrend and is now entering an area of consolidation before another run up. The only question is, of course, how low will it go during this consolidation - No one wants to buy too early, right? So let's zoom in. Looking at the smaller timeframes we can see NANO boomed nicely into an obvious wave 1 followed by a period of consolidation. We have established several support and resistance areas, shown in the blue boxes, which align nicely with the standard fibonacci levels. This gives an idea of where we should be looking for entry. Furthermore we see some confirming indicators as well, although RSI has yet to significantly turn up it is leveling out, and the Wave Trend oscillator is vastly oversold. While certainly not enough to confirm bullishness, it's enough to add confidence to a long position given it is also occuring at a support level and after a long-term bear trend break. As a more aggressive trader with higher risk tolerance, I re-entered NANO at the 118,750 satoshi level. There is a significant amount of buy support in this area and it has been rejected on multiple occasions. If 118 breaks down I will exit this trade and rebuy at the 105 support level areas. It's important to remember to look at this not as a failed trade but simply as an opportunity for a cheaper entry. I will be watching volume as we approach significant resistance levels and trading appropriately - without increasing volume I will be more likely to take profits at earlier levels. NANO is an incredibly volatile asset intra-day, and it would also be possible to take profits at the major resistance levels, rebuying on the rejection each time. As always, watch volume when attempting these sorts of trades, as it is the most telling early indicator of a temporary (or permanent) resistance rejection. I do not typically do this as I have a day job and can't watch the charts constantly. So, in short: Entry 1: 118,750 satoshi Stop loss 1: 116,000 satoshi Entry 2: 105,750 satoshi Stop loss 2: 97,000 satoshi (more rope here as one can expect large amounts of volatility from weak hands) Targets: Target 1: 140K satoshi (first resistance level) Target 2: 160K satoshi (second resistance level) Target 3: 200K satoshi ( wave three confirmed, play the bounce) Target 4: 240K satoshi (full wave three execution, very ambitious target). Estimated timeline: 3 days to 3 weeks (it's crypto, timelines are impossible). Finally - always watch the king. BTC price rules all. If BTC starts looking bearish... you know what to do. And BTC is certainly at some critical levels right now. Inversely, if BTC pumps like crazy it could destroy alts as well. Basically we want slow, steady growth from BTC.
NLong
by calcie
3
NANO broke down from Descending Triangle, Bearish short termNANO Bitcoin 1 hour candles (left chart) and 6 hour candles (right chart) NANO sure loves pennant / flag / triangle / wedge patterns this week! After its 170k satoshi peak last week, this week NANOBTC has been trending in a wild variation of multi hour and multi day assortment of these trading patterns. Bears and Bulls have been indecisive at times lately but in the end the Bears won and NANO broke down from the rising wedge it started two weeks ago. The rising wedge targets the blue 115k satoshi marker. By now the price also broke down of two short term descending triangles of which the orange triangle targets the same 115k mark as the rising wedge, but the red triangle targets 100k Satoshi. It would sure help if BTCUSD behaves and / or NANO receives great news to boost momentum. Let's see if it will bounce from 115k or 100k, or if it might decline even further (Let's hope not!). You can use this chart analysis to assist you in trading, to help you identify trading patterns, trend lines , support and resistance zones you can monitor for breaks. Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets. You should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on. Be extra cautious during these times of Bitcoin volatility, where BTCUSD fluctuations can easily disrupt trends of other coins. Monitor your investment and set alerts and stop loss orders in place. Happy Trading! ~ CryptoJC
NShort
by CryptoJC
7