NANO: buying the breakout! (+40%)
After yesterday's crash we are looking at a stabilizing market for the major coins. I do not expect massive gains for the majors as of for now rather a "get back on your feet / sideways" kind of market for them. Which takes us to a market where smaller cap coins will outperform the majors. We went from a BTC market to alts (all of them) to major alts and now to smaller alts that will outperform most of the market. For this reason and recent news and "happenings" I think Nano is a very interesting choice.
Nano is currently breaking crucial resistance and is now very oversold after yesterday's pump. The project is promising with fast and feeless transactions and I do agree with Elon on one thing: we need to care of our planet. (so we don't have to go to Mars)
Nano is still a very low cap coin ( I thought it was much more actually) with just 1,5bn (which is nothing compared to any "famous / popular" coin out there). Given this coin will get much more attention now and has bottomed out after yesterday's pump; we should at least see a retest of 3.618 with is a +40% gain by itself. Support and follow through from there will take us to new ATH's. So it looks healthy from here and a good buy opportunity in my opinion. The following weeks will show what is the potential, would it be impossible to go to lets say a 3bn market cap? In the current market, I think that's realistic and would mean a 2x. But first lets see for the coming days. I'll update along the way.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Nano is currently breaking crucial resistance and is now very oversold after yesterday's pump. The project is promising with fast and feeless transactions and I do agree with Elon on one thing: we need to care of our planet. (so we don't have to go to Mars)
Nano is still a very low cap coin ( I thought it was much more actually) with just 1,5bn (which is nothing compared to any "famous / popular" coin out there). Given this coin will get much more attention now and has bottomed out after yesterday's pump; we should at least see a retest of 3.618 with is a +40% gain by itself. Support and follow through from there will take us to new ATH's. So it looks healthy from here and a good buy opportunity in my opinion. The following weeks will show what is the potential, would it be impossible to go to lets say a 3bn market cap? In the current market, I think that's realistic and would mean a 2x. But first lets see for the coming days. I'll update along the way.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
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