Long
NANOBTC - A positive overview on different timeframes
Hi There,
Nano is showing some good potential on the last week even with a weak market and it could be bottoming. My main targets will be according to fib retracement and some key points. If market turns on the next months, we could be touching them pretty easy.
Buy Range : 2800-2900
Stop Loss : Close Cadnle Below EMA 20 at Daily/4H or Good point to HODL for Long-term players
Target 1 : 4000
Target 2 : 6600
Target 3 : 8800
WEEKLY CHART
- Nice Weekly/daily Volume action
- Weekly SAR near to turn positive
DAILY CHART
- On the daily, Good support by EMA20. Looking to be supported by MA50
- On the daily, MACD crossed and a very strong move
4H CHART
- Supported by EMA20
- Ichimoku cloud broken and it stay above
- Clear Trendline to put SL if it any candle closes below it
Conclusion:
Nano like others altcoins has lost a lot of value. Its being accumulated and bleed has stopped for now. Thats a good signal because its the best point to buy if you believe isn't going to 0 VALUE. We can expect x3-x4 profits when markets turn to bull in a new altcoin cycle.
Best luck
Nano is showing some good potential on the last week even with a weak market and it could be bottoming. My main targets will be according to fib retracement and some key points. If market turns on the next months, we could be touching them pretty easy.
Buy Range : 2800-2900
Stop Loss : Close Cadnle Below EMA 20 at Daily/4H or Good point to HODL for Long-term players
Target 1 : 4000
Target 2 : 6600
Target 3 : 8800
WEEKLY CHART
- Nice Weekly/daily Volume action
- Weekly SAR near to turn positive
DAILY CHART
- On the daily, Good support by EMA20. Looking to be supported by MA50
- On the daily, MACD crossed and a very strong move
4H CHART
- Supported by EMA20
- Ichimoku cloud broken and it stay above
- Clear Trendline to put SL if it any candle closes below it
Conclusion:
Nano like others altcoins has lost a lot of value. Its being accumulated and bleed has stopped for now. Thats a good signal because its the best point to buy if you believe isn't going to 0 VALUE. We can expect x3-x4 profits when markets turn to bull in a new altcoin cycle.
Best luck
Trade active
Target 1 reachedTrade active
Very nice performance.....huge profits
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.
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.