Get started

NANO-X

$NANO #NANO - end of the pennant is coming - day trader explainsHello Lads and Ladies, Today we will be taking a look at NANOBTC. A highly discussed coin, that is supposed to achieve great goals in the future. Yet, right now it seems to be slowly bleeding out like most of the altcoins right now. Taking a look at the daily chart of NANOBTC, we can see that since March 2018 it has been consistently moving inside the red indicated channel. In the beginning we saw a parabolic move, yet failed to repeat it and found ourselves in a descending pennant. The yellow line is the respected resistance within this pennant and the red channel support is as well respected and valid. The current situation looks still negative for NANOBTC, yet has a chance of finding the light of hope at the end of this pennant. Right now, we got once again rejected from the pennant resistance and seem to be heading down once again. StochRSI has crossed and is heading down, RSI is 5 points away from previous low - we have pretty much a strong sell signal. Since we do not have the possibility to short NANO, we have to look for the best price to buy in. The best point for doing so would of course be at the end of the pennant at a price range of about 1000 satoshi. Yet, we cannot guarantee that it will exactly hit this price range, without bouncing before that. Therefore, the best strategy would be to double stagger buy orders every 50-75 satoshi all the way down to 1000 satoshi. The reason for doing so is that the channel support is very strong and has a low chance of being broken. As well, we are in an oversold area, heading to be heavily oversold. The RSI has not been near an overbought region for over 5 months and a bounce from the channel and pennant support would most likely mean a break of the pennant resistance and with it we would be heading towards testing the channel resistance. - BUY @ 1750 - 1000 - SELL @ 2000 - 2500 - 3250 - 4000 - SL @ 950 - 900 Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
NShort
by KongTrading
NANO offering consistent profitable rallies - bullishIm back in NANOBTC as it has been offering consistently profitable swings lately. Entry based on oversold signals, off the .618 fib and green Heikin Ashi candle. This strategy has been giving me a good result with consistent high probably trades with only one going south on me recently (Litecoin). If you minimize your risk with well placed stop losses, swing trading can make you a lot of money. Check out the indicators I use at turbotraderpro.com
NLong
by tradingwithanthony
3
NANO Looks to Move Back to 11000! (275% Potential!)is in one of the strongest positions for a massive bull run of any of the coins I've looked at. Currently sitting over 80% from ATH 1.15% (92% down in USD value), NANO 2.04% has been slowly compressing into a HUGE falling wedge . MACD shows strong upward divergence since its last bottom in April, despite being an additional 50% down. MACD made a double bottom and is now showing bullish divergence on this last drop, creating a nice uptrend that should soon be realized by a massive move up. The ADX/DMI indicator has also crossed into the buy zone, crossing in May and getting rejected in June. Also, the daily chart has found support above the UMA, which you can see has served as strong resistance since May. NANO 2.04% is a coin with extremely strong fundamentals; in my opinion, its one of the best candidates for consumer adoption as digital cash since it is instant, easy to use, and fee-less. At the price of $2.75, NANO 2.04% is extremely undervalued but will likely be back to its ATH 1.15% of almost $35 in the next year (a 1275% increase). Now, my trade setup: Enter below 4200 satoshis. Stop Loss: 50% below 3400 and 50% below the falling wedge at 2500, or if BTC -0.10% turns long term bear (only scenario I can think of where it falls to sub 2500.) Targets are 5000, 7000, 8000, 9500, 11000 (Big One), 13000, 17000, 18600 Ext. Targets are 22000 and 26000 This is a long term trade, likely a year or more. Remember, this is only my opinion and is not a guarantee. You are responsible for what you do with your money, not me. Be sure to like and follow if you found this helpful. Comment any questions or countering TA.
NLong
by gtrox115