ONT can go 2.8 again. But needs to stay above the upper line of the triangle.
If ONT can bounce on the upper line then GO LONG for a good risk/reward ratio
enter and close positions on the chart. See for yourself
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Always do your own research. I'm not your financial advisor.
LTCUSD pair has been trading in a descending triangle betwen 22.12.2017 and 10.6.2018. A break down from that triangle has happened at 12 Jun 2018. Since then, the bottom line (reddish color) is the new important resistance level.
LTC has the first break up attempt (you can see on the chart) which was NOT successful because of the lack of volume which also means...
On daily chart nano is forming an inverse head and shoulders pattern with right shoulder in the making.
On the other hand there is Elliot wave count 3 to construct which perfectly overlaps with the iH&S
We all know that for all alts it depends on BTC. If BTC can reach 6500-6700 then there is a chance NANO can reach 42000 satoshi level which completes the iH&S...
First of all, I am not a pro Trader (I am a mathmatician / Computer Science student) and this is an experiment that I analyze and set up.So this is not a financial advice.
Example 1 and 2 are two situation that have the same indicator(S-RSI, RSI and MACD) levels as the experiment point ( which all are shown on the graph)
After 3-4 days prices of Example 1 and 2...