Well the wind has left our sails currently! FML. Straight forward with NANO. If it breaks below our new found resistance line 8000 is the likely landing spot. Bullish scenario, we rally and hit 1 or 2 of our targets. I set my stop losses at 9300. Buy back at 8000-7800 stacked. Good luck everyone.
I took a quick look into the Andrews Pitchfork as I believe it helps with understanding price action within a up or down trend. And like with many other tools, they're often meant to be broken or absolutely wrong.
Either way, this downward pitchfork sure looks interesting and seems to contain the price within their respective channels while being attracted to...
Nano never really had a good exchange during the last run, and once it hit Binance...the market was ready (and already starting) to fall from Dec/Jan highs. Nano just released their roadmap and is one of the few cryptocurrencies that could be listed as a pure currency coin. Is 2018 the year of Nano?
After a nice run yesterday, NANOBTC has consolidated and found support around 0.0009250.
This point recently has been a very good support/resistance area for NANOBTC and interestingly which also happens to be at or around the 0.618 fib retracement level.
With this clear support and consolidation, we now have a flag/triangle pattern and now heading to its...
You can enter NANO once the candle breaks the triangle
Stop lose: 0.00093
1st target: 0.0009746
2nd target: 0.0010245
3rd target: 0.0010880
4th target: 0.0012714 (Possible if BTC stay stable) Even you may expect more rise depending on the BTC movement.
Good luck guys.
I believe there's one more dip towards a reversal point (target @8295 SATS). Keep an eye out as the price is about to either fall or cup upwards. I'm betting on the former. Like the rest of the market, we're not out of the clear just yet.
Price 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...
Timeframe: 1H
Price has been in a downtrend, then had a large bullish spike, and has made a confirmed higher low, now taking the long, with stop roughly below the higher low that was made. Has also crossed above the 9 and 20 EMAs, and the 9 EMA is roughly above the 20, which are other bullish signs.
IF you are into NANO then this chart might look good to you.
We are bouncing off the longterm trendline. And that is lining up with the Fib line around 011425.
If this holds look at the past times it did this to guess what will happen. If it fails look out below!
I am not in NANO but nano is a money train!
Interesting long position on this one, already started to breakout. We will add more to our long position on this one just because of this chart. Have a nice trading.
This 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...
This 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...
NANO 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...
