Nano has consolidated and currently volume dropping off. MFI made a higher high and rising again. Should enter our next Fib zone. Looking to sell at the $7.40 level. This one moved fast in the last bull market, and I expect the same this time around.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Note
We're dangerously close to falling off this wedge so this needs to be watched closely. If it does breaks down, $2.40 support would be the next area to look for a long.
Note
We just recently printed a dragonfly dogi candle and MFI looks to be resuming upwards from an oversold reading. Should be moving up soon.
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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.