Updated

[NANOBTC] Highest volume since Feb. (Retrace incoming - BUY-IN)

After such a huge growth, from 0.000127 bottom on 14 Aug to 0.000567 yesterday, it is safe to say that it is time for NANO to retrace.

Here are the next support levels based on the Fib. extension tool:

(1) 0.000398
(2) 0.000347
(3) 0.000295
(4) 0.000230

If I wanted to buy-in, rebuy or reload some NANO, I would do so between #3 and #4. The size of the retraces will really depend on the market and how good NANO does. If the retrace isn't strong enough, then between #2 and #3 should be your entry point.

We will have a better picture after a few days, but sit back, watch and relax to see how far it can retrace.

Also, since NANO was early and strong on its take off, tracking it might give us an idea on how the other alts / Binance coins will also move.

Thanks for reading.

Please like, share, comment and follow for more trade ideas.

Namaste.

Note

Previous analysis:

NANO Started To Bounce (New Uptrend Forming) by Alan Masters

Note

So far NANOBTC has been holding strong.

Let's see how things are going after a few more days.

Lowest so far for the retrace was 0.00036 yesterday... it has been holding strong so let's see how the week closes.

Note

NANO is preparing for more. Retrace + consolidation has been completely healthy and solid.

MasterAnanda

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