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NANO

NANO - Summer Updates vol IISince the entry at the beginning of the month returning to the $ 1 level, apparently today the price rises to the Fibonacci resistance marked as level 1, around $ 1.23. In a daily view we see that the RSI is in an almost perfect point to break this resistance again if we find enough buying power. In a weekly view, we appreciate the importance of it having already surpassed the MA 100, giving us four weeks of positive growth. For the price action to stay on our side we should at least break past the latest highs which are around $ 1.35- $ 1.40 which is also a major resistance in the past year. We do not pose prices in a bearish scenario because they are more than obvious and already well defined in the Fibonacci retracement. NANO is currently at # 77 on the coinmarketcap list. Interesting option for us given the total circulating supply and the characteristics it has: About Nano from coinmarketcap.com Launched in 2015, Nano describes itself as an open source, sustainable, and secure next-generation digital currency focused on removing perceived inefficiencies present in existing cryptocurrencies. Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast and fee-less network that is open and accessible to everyone. Nano is reportedly able to offer fast and feeless transactions due to the Block Lattice - a data structure in which all accounts each have their own blockchain, rather than competing with others on a central chain. Consensus is generated through representative voting, where accounts can freely choose their representative at any time with an update of their account chain, thereby providing more control for users to decide who validates transactions. Each component of the protocol was created with the long term goals of decentralization and accessibility in mind. By creating a system where representatives are not paid to operate, the incentive to participate in the network is shifted to indirect, operational cost savings. The team claims that this change in incentive model is more efficient and removes one of the factors driving centralization in other systems because participants are not encouraged to interact beyond their direct needs and supporting the network, and thus economies of scale become less critical. --------------------------- We hope this will continue in some way until the next market correction ... Have a nice week!
NLong
by harribatu
The Great NANO BreakoutIt's been a while, Nando. Good to see you. Now, what do we have here? A breakout from a VERY long downtrend channel, followed by consolidation near $1.00. NANO has lagged behind the market a bit, but I have a feeling it's still on many people's radar, considering it has actually held much of its gains from 2017 (still 100x up, which is more than Bitcoin). Many only remember its rise to $37 and then its crash to $0.70. So, here we are. Nano is poised for very large move to the upside, as long as the rest of the market remains stable, with Bitcoin above $10.5K. NANO has finally reclaimed the 50 day Moving Average (red), while the 9 day EMA is close to crossing above it. If NANO can continue to hold here and break above $1.10, I think it could melt some faces off. The chart also looks pretty similar to Bitcoin's bull flag before it broke out. On top of that, many alts have already confirmed my theory that they had just been in long bottom accumulation periods, similar to Bitcoin in 2015. If you ignore the giant shakeout from March, which sent Nano as low as $0.25 through a stop-loss cascade, the chart looks pretty healthy, with support generally held above $0.70-0.80. I finally started increasing my NANO position again after March 12th, since it got back above $0.70 fairly quickly. It's still one of my only 2 coins not in profit overall. Conditions: 1) NANO will need to hold above the 50d MA and allow the 9d EMA to cross above. 2) NANO will need to break $1.10 CONVINCINGLY. Invalidation: 1) Short term, if NANO breaks below $0.90 and sustains. 2) Greater invalidation if NANO breaks below $0.60. Let's see! If the breakout occurs, price targets are shown on this chart. It can indeed go as high as $4.50. Just look at what happened to VeChain. This is not financial advice. This is meant for speculation, entertainment, and education only. -Victor Cobra
NLong
by VictorCobra
4
NANOUSDT ANALYSISAccording to my analysis, the candles are uptrend. 1) The first step is $1.0948 ( yellow dashed line/ resistance line) 2a) After the candles cross at the resistance line($1.0948) If the candles turn to go down, you should sell and buy again at the support line( blue dashed line/0.8954) 2b) After the candles cross at the resistance line($1.0948) If the candles continue to go up, the second step is at the second resistance line($1.022) While in this time, you may help from EngineeringRobo's signals. If you have any concerns, please let me know.
N
by SixSenseTraders
3
NANO/BTC | Macro Trend Reversal | S/R flip | Increasing volumeToday’s Analysis – NANOBTC – consolidating within its daily support zone as holds above the 200 EMA Points to consider: - 200 EMA S/R flip - Macro trend reversal - 55 EMA visual guide - Increasing volume - Oscillators neutral Nanos recent strong price action forming a successful S/R flip re-test of the 200 EMA on the daily timeframe indicates early signs of a macro trend reversal, giving the market a bullish bias. Thereafter, Nano establishing a higher high and higher low on the chart further supporting the bullish bias. Further price development will allow the 55 EMA to act as a visual guide assisting in trade management. Historically, an inflow of volume has coincided with bullish price action as it breaches key levels; indicating a true break of the level and adding validity to the price action. Volume follow-through is needed currently for a true trend continuation, avoiding any false breaks. Oscillators are neutral, further price development will allow for directional bias. Overall, in my opinion, NANO is currently trading in the buy zone for a long trade to structural resistance as the immediate target with risk defined below the 200 EMA. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
NLong
by Kudiiee
NANO/USDT - Long - Potential 13%Look after your portfolio and it will look after you & If you liked this idea, please like and subscribe to my profile PAIR: NANO / USDT T/F: 1 HOUR LENGTH: Short RISK - Medium ENTRY: 1.0052 TP1: 1.0378 TP2: 1.1405 SL: 9444 NOTES: - Uptrend - Holding support zone - Support Break up candle - Rejection candles - RSI Oversold KEY: BONUS TP - It could continue to rise to a significant high although it is either very long term or a high rist target. REcommended to follow by securing profits with trailing stop loss. LENGTH: SHORT = 1-2 DAYS MEDIUM = Less than 1 week LONG = Less than 1 month RISK: LOW = EG Stong support // Multiple bounces // Strong uptrend // Oversold // Breakout > Pullback > Support // Rejection Candles MEDIUM = EG. Broken support // Trend Reversal // Consolidation HIGH = EG. Not fully brokend Support // Overly mature uptrend ***Please note that all of my suggested Entries, TP's and SL's always ignore any precursor 0's*** Please always trade with caution, manage your trades and stop-losses This is not professional financial advice, just my thoughts and trades I am
NLong
by Kryptochristian
2
NANOUSD Swing Trade: H&S 30% Short to 50% LongNANO USD is forming the right shoulder of a head and shoulders pattern, setting up a potential 30-38% correction upon the neckline break. Price action should then move down near previous supports levels surrounding the .618 fib following breaks of the .382 and .5 fibs. Look for the correction to complete with the .618 fib area support levels holding, which then setups up the potential for a 50% swing to the upside to retest the neck line near the .236 fib. From the .286 Fib, there is then potential to create an inverse head and shoulders with a move back near the near the 1.31 area. Not investment advice. Crypto is highly volatile and market conditions can change drastically.
KRAKEN:NANOUSDShort
by alexhiggins732
NANO in a Good position for LONGOf course it needs Bitcoin to keep the 9200-9400 levels and raising from there too, hopefully to break 10K and this time much stronger. if we break 11K on BTC then the game really begin and you can see nano on 2$+ very fast Anyway Nano is absolutely on the top of the ALT list for me, it's easily a top 5 coin and it's just around 50th place now, so a lot more to grow. also it has only 100m m.cap and should have at least 10X than that. If we enter the bull run i can see nano reach 100$-200$ on the peaks, which is totally crazy considering what it is right now.
NLong
by CryptoDap