Nano - Buy zone at strong support and near all time low.
Updated
Hey everyone
The D3ADLYTuna is here to poison your minds
Technicals:
The purple lines show approximate short term targets but read these in conjunction with BTC movements. As this is a strong support and low level I feel comfortable riding another wave 1 upwards and happy to ride out the waves.
A short stop loss below the buy zone and recent lows should suffice but considering the charts position I think we are at a low point ready to break out.
Of course be careful and set a stop loss but use your judgement and risk appetite to determine your comfortable loss level should it hit.
The big bold RED line near the current high is the 200 day simple moving average and this is my final short term target.
MACD
This has turned on the Daily chart and is showing upward movement on the 4hr. Even the BTC fall has not impacted or pushed the price through the support zone so it is a comfortable buy.
Support
Nano is sitting near the all time low, has held the prior support in the same zone and has come back to touch the final support. Buys in the green zone or just pushing above it look solid here.
Don't Forget:
-Always use a stop loss.
-Utilise alerts to notify you when you are reaching your target.
-It is common to use no more than 10-20% of capital in any one trade.
-Layer your buys to average your entry cost.
-Always watch BTC as well as your active trades, if BTC breaks down or pumps hard the market will chase it to the detriment of solid trades. FOMO is real.
If you have had success with a trade signal and would like to tip or donate:
ETH 0xA931D6F82e37dC459096D68cD6d8414f79840753
If you are not already signed up on the below exchanges you are welcome to join using the below links:
These are the three core sites I use personally depending on the coins I wish to purchase. Primarily I use Binance for the cheap fees and BNB discounts, I am also registered on Bittrex but only use this when necessary due to fees.
Disclaimer:
The information published is not intended to, nor should it be, construed as financial advice. The sole purpose of publication is for educational purposes and feedback. Any investment decisions, gains or losses, are your own and I hold no liability. Invest only what you are prepared to lose.
The D3ADLYTuna is here to poison your minds
Technicals:
The purple lines show approximate short term targets but read these in conjunction with BTC movements. As this is a strong support and low level I feel comfortable riding another wave 1 upwards and happy to ride out the waves.
A short stop loss below the buy zone and recent lows should suffice but considering the charts position I think we are at a low point ready to break out.
Of course be careful and set a stop loss but use your judgement and risk appetite to determine your comfortable loss level should it hit.
The big bold RED line near the current high is the 200 day simple moving average and this is my final short term target.
MACD
This has turned on the Daily chart and is showing upward movement on the 4hr. Even the BTC fall has not impacted or pushed the price through the support zone so it is a comfortable buy.
Support
Nano is sitting near the all time low, has held the prior support in the same zone and has come back to touch the final support. Buys in the green zone or just pushing above it look solid here.
Don't Forget:
-Always use a stop loss.
-Utilise alerts to notify you when you are reaching your target.
-It is common to use no more than 10-20% of capital in any one trade.
-Layer your buys to average your entry cost.
-Always watch BTC as well as your active trades, if BTC breaks down or pumps hard the market will chase it to the detriment of solid trades. FOMO is real.
If you have had success with a trade signal and would like to tip or donate:
ETH 0xA931D6F82e37dC459096D68cD6d8414f79840753
If you are not already signed up on the below exchanges you are welcome to join using the below links:
- Binance bit.ly/2DRH96k
Cryptopia bit.ly/2DGt24v
KuCoin bit.ly/2BvTIyI
These are the three core sites I use personally depending on the coins I wish to purchase. Primarily I use Binance for the cheap fees and BNB discounts, I am also registered on Bittrex but only use this when necessary due to fees.
Disclaimer:
The information published is not intended to, nor should it be, construed as financial advice. The sole purpose of publication is for educational purposes and feedback. Any investment decisions, gains or losses, are your own and I hold no liability. Invest only what you are prepared to lose.
Trade closed: stop reached
stopped out here, will reassess again once btc stabilises further
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.