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NANO-X

NANO, serious upside potential. 200% taking recent highHi guys, I bring you NANO. One hell of a coin. Since its listing on Binance it hit a low of 6k sats, after which it bounced, pretty crazily all the way up to 16k sats in 4 days. Wow. Anyways since then, we've gone through a nice accumulation phase which saw us at a bottom of 6800. We had a small rebound up to 11k recently which was very profitable to a lot of traders, myself included and now we see us eyeining NANO, at the time of writing 6300 sats. I have here the larger timeframe, Daily chart outlines to see how far we have really retraced. We've had a previous zone of Wyckoff accumulation, outlined by the massive cup. and look to be forming once again, another basing pattern. RSI is once again oversold, on the daily, MACD histogram is looking to roll on over. Not a buy signal yet, but is definitely something to keep on your mind in the coming days/weeks. I'm expecting RSI and MACD to slowly form bowl patterns after which we should see some pretty solid bounces. I can already see that the rate at which RSI and MACD (both signal and MACD line) is decreasing towards the downside is slowing down, potential weakness in the bears. The ladder starts now. Buy: 6000-6800. I know its a very generous buy zone, but since I'll be looking to take a swing trade position in this coin, I'm ok with taaking large buy in targets and zones. Sells: 11k 16k 20k (target from Kucoin) Let's see how this goes. This will begin my trading journal of alts here. Once there's more data here, I'm happy to apply some Elliot waves to this to derive some targets. But for now simple trendlines and basic understanding of RSI bottoming and MACD lines converging will do
NLong
by EnZo
2
#Nano 1H RSI level dropping below 18 after breakdown. #nanobtcLet's Backtest #nano- #nano made Inverse H&S after 1H RSI reached a low of 16.26 with Bullish Divergence, then in 3 days it surged +150% then again in 2 days it dropped till the 50fib . Right now, #Nano 1H RSI level has dropped below 18 , after the breakdown from symmetrical triangle & 68k sats Support level, however there's no Divergence yet & also no reversal pattern till now , so its time to keep an eye on #nano #Crypto
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by rajista
10
NANO - the rainbow after the rain - 100%++ gain 1:26 risk/rewardGood day traders, Today we have a fantabulous trade coming from none other than NANO. Definitely one of my favorite coins to trade. Feel free to review my last idea on NANO which did not hit the other day, but this one we'll likely catch for a very strong third wave. Entry 7300 Stop 6950 Target 16500, start taking profits from 14K and up R/R ratio: 1:26 If you have found this to be entertaining at the least or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
NLong
by Kinashi_San
2
NANO/BTC Descending TriangleNANO found a strong support at 7000 Satoshi level and is holding well. A descending triangle has also formed, which usually results in bearish movement. Regardless, we are near all-time lows which gives us plenty of room for upward growth and a much lower chance of dropping even further. We should see big price movement in either direction depending on whether NANO breaks below the 7000 Satoshi support (Bearish), or if NANO breaks out abouve the descending triangle (Bullish) *This is not professional advice*
NLong
by AidanMDang
NANO in an Ascending Triangle Breakout Pattern.Hey, I am back with yet another Technical Analysis , this time looking at NANO. Last time my NANO TA went pretty good , chcek related ideas. Instant transactions - Zero fees - Infinitely scalable , that is Nano in short. Lets take a look at the chart. Nano has broken the downtrend line, when it has aprroached strong demand zone. Currently Nano is Forming Ascending Triangle which is a bullish breakout pattern. I also drawn some ressistances, good for taking profits. Taking look at the Indicators. MACD gives some early buy signal, fewer sellers, undervalued, buyers are incoming. RSI is fighting with the key bullish level of 53. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with NANO somehow clearer. If you like this Technical Analysis let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
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by TiborVrbovsky
4
NANOBTC curve like movementOn a mid and long term timeframe charts the coin look very bullish. Technical indicators are in buy state, the price moves in curve like pattern bouncing from the trend line. Currently The asset is in oversold state and has bounced from its trend line. The price is about to enter Ichimoku cloud zone hence it should break local resistance. Stoch RSI and CCI confirms the possibility of such scenario. Fundamental analysis is also great: version 13.0 of the Nano Node has been released recently, update becomes more popular each day. The team visited the biggest crypto conference two days ago and plans to integrate in Ledger
NLong
by Skyrexio
NANO! WE'RE STILL BULLISH!Okay so we've found solid support along the black trendline i've wicked off, right above our last resort bottom green box. Good news is that we HAVEN'T passed through the 1:1 for the C (bottom green box), which keeps us bullish. Do I see us passing through the Black Trendline? ...It's hard to say, but at this point, we seem to be consolidating and sell pressure seems to be slowing down. Which means, there are more people wanting to buy, over people wanting to sell. But because nothing is confirmed yet, the bulls are staying on the sidelines waiting for that confirmation. So just cause we've slowed in selling, doesn't mean everyones going to jump in and buy. But it doesn't mean Bulls will start accumulating along this black trendline. REMEMBER: BULLISH DOES NOT mean, that we're going to impulse up straight away, but it does mean we aren't BEARISH. WE'RE STILL BULLISH, UNTIL WE BREAK DOWN BELOW THE 1:1 EXTENSION (THE BOTTOM GREEN BOX). Why? Because if we have 5 waves up, which I'm sure we have, that becomes our big wave 1, and we're currently on our wave 2 down now. But should we breakdown below the bottom green box, that would be our wave 2 retracing more than 100% of our wave 1, so then we can say we are bearish. But until then I'm still bullish. I'm still watching, and may start accumulating in a couple days, with a tight stop below the bottom green box. LASTLY **IMPORTANT** If Bitcoin falls there is a chance that we fall down below the bottom green box, unlikely but its still on the table. Hence why I, like other bulls, are Sidelined and watching for the time being. Thanks **NOT FINANCIAL ADVICE, JUST SHARING WHAT IM SEEING**
NLong
by Etsua