Nano is forming a bull pennant on the 4 hour chart. Expect a break soon. Watch for it's breakout location to dictate further price predictions.
Charlie Lee shilled Nano earlier today, which could fuel further pump.
Has a chance to break downwards or upwards. But I think it has a greater chance of upward movement and this is why:
Stoch RSI is touching the 30 line, and when it crosses north of 30 it should be assumed to entering bullish trend.
RSI is showing around 35, just recently recovering from oversold territory. Wait for 4h candle closeout to confirm current trend will...
RSI increasing while creating lower lows. Bullish divergence evident on 2hour chart. Expect upwards motion.
Profit Target 1 is at 61 fib retracement. Trading channel should then be between 61 fib retracement and profit target 2 once 61fib retracement becomes support.
Waiting for Elliot wave 3 - 4 to complete, and then preparing for wave 4 - 5. We have hit 61 retracement line with wave 2-3. expect to correct downwards to 78 retracement with point 4, and then reach 23 retracement with point 5. Target buy in for wave 4 - 5 should be somewhere between 10pm PST 2/12 to 5 am PST 2/13.
XRP Trying hard to break resistance line. Next test should be breaking free of resistance of $.75 If it can break free prior to intersection C, by 12/17 8am PST, the direction it travels outside of green triangle should dictate further momentum.