Long
Only Consolidation !
Hello Traders,
Looking at NANO on the 4 HR chart - after topping out at 16000 we have gone into consolidation. Higher lows are in tact, lower resistance has held and bulls are buying the dips - bear volume is decreasing and bullish reversal hammer has just been stamped.
Keep an eye out for the trend change before re buying in, this will start with higher lows and higher highs on the 15 minute time frame. First resistance at 15849 on breakout.
Bulls have a must hold daily consolidation level of 11310 or we are going back down.
Happy Trading!
Looking at NANO on the 4 HR chart - after topping out at 16000 we have gone into consolidation. Higher lows are in tact, lower resistance has held and bulls are buying the dips - bear volume is decreasing and bullish reversal hammer has just been stamped.
Keep an eye out for the trend change before re buying in, this will start with higher lows and higher highs on the 15 minute time frame. First resistance at 15849 on breakout.
Bulls have a must hold daily consolidation level of 11310 or we are going back down.
Happy Trading!
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.