Hello, traders! NANO is looking beautiful right now. We had a few days of a downtrend and hit the golden pocket (0.618 retracement) and the volume SPIKED. This is awesome. There is always some sort of reaction at the 0.618 fib level, so this should have been expected as a good bounce zone. However! I just wanted to warn everyone that NANO is not quite done with...
Hello, friends!
I just wanted to give a little PSA here - this is a bit of a fundamental analysis as well as a technical analysis.
As we all know, OST had a massive runup from December to January. This was most likely because it was such a new coin and everyone was excited to get rich off of crypto in December which followed a catastrophic crash in crypto....
Hello again, friends!
Here is one final look at what is going on with NANO.
This is actually what I originally thought when I saw how quickly the ABC correction came after the 5 moves up. I was thinking man that was a short correction (if that was the correction), because I was originally targetting the golden zone 618 to 65 retracement regions. However, after...
Same thing as the last post!
So, of course, I have been following NANO/BTC 9.47% for about a week now. We have completed the first wave in the Elliot cycle, which was beautiful! (Note all the TEXTBOOK Fib levels we bounced from). I have been trying to see what the next few days will look like for NANO -0.42% . It has been outperforming BTC 5.36% , which is a...
Hello, friends!
So, of course, I have been following NANO/BTC for about a week now. We have completed the first wave in the Elliot cycle, which was beautiful! (Note all the TEXTBOOK Fib levels we bounced from). I have been trying to see what the next few days will look like for NANO. It has been outperforming BTC, which is a good thing. But I am unsure of its...
We have a breach on the 30 minute RSI for NANO!
Just wanted to give a quick update. The reason for this specific RSI support we will be looking for is that it was the support for the entire first wave of NANO. If we can get consistent bounces off this RSI, we will remain bullish and see an exciting wave 3! Now let's see if we can break up from this triangle.
Want to get this out there quickly because it takes a while to publish on Trading View!
Equilibrium pattern forming on both the 30 minute RSI and Candlesticks. This will confirm either a break up or a break down. Be ready for both!
If we do break up, it looks like we will be out of range for previous channel resistance (good thing), and if we break down I...
