Long
NANO Showing Signs of Life
Well its been a rough few months for Nano, but she looks like she may have found bottom and is starting to consolidate. Volume is finally starting to come in, if ever so slightly. All indicators trending up for the first time in ages. BTC is still at a pivotal point, but if it manages to break through 6800 and 7k nano could have a strong couple weeks ahead. If BTC fails to break 6800 then it could turn very ugly for the entire crypto market. In the short term you can see that Nano finally made it above the 2/1 downtrend after being rejected multiple times. It also recently moved above the 8/1 uptrend line but was rejected at the 4/1. We are still below the 0 fib line & a BTC failure could mean testing the -236. To be clear, I do not believe the BTC bear market is over. It has several obstacles to overcome, but I can see NANO having some success until BTC proves failure.
Note
hit 3/1 and the .382 fib. Coinex news has given a boost. Let see if she can hold
Note
5 min tf uptrend going strong
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.