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NANO

$NANO #NANOBTC Extensive Technical Analysis- Day Trader ExplainsHello Lads and Ladies, Welcome back to the TJs Daily TA Session, today requested by Verified Crypto News, we will be looking into NANO/BTC on the 12h timeframe to see what happened and where we are heading too. Anyone whoremebers my NANO/BTC calls from a few months back, it has been one of my best ones with multiple hundred % and almost a perfect accuracy. Now, I have something special in store and want to continue my NANO/BTC registry to be clean. Lets start off with a falling/wedge that had a perfect breakout after many months of a pretty string downtrend. It broke out with multiple 100% which is why I say mostly the longer it takes to pop, the bigger the pop will be. We are taking this "pop" as our main point of view and consider it here as reference and a starting point of the net moves. Why? Simply because this push showed us a strong support of NANO/BTC and that we are now consolidating before the next move, since the strong downtrend has been ended and now we the next phase of the NANO/BTC or even "alt coin cycle". This cycle is mostly -> Downtrend, accumulation, pops, uptrend, mania/exponential increase. We have completed the downtrend and seem to be at the end of the accumulation phase. You can see this on the fact that after the pop we had a 61.8% retracement and are staying there pretty much flat while everything else is indicating that people are buying a.k.a. accumulating. One more, pretty obvious indication is that we are going sideways for so long without breaking down but also without a bounce, meaning there is a high interest of not breaking the uptrend and buying NANO/BTC around its intermediate support zone. Now, lets take a look at the tilted rectangle which shows us the path of accumulation and keeps pretty much all of this action inside. These are mostly buy LIMIT orders getting filled and just some market orders by normal market participants. This rectangle contains at the top a pretty strong descending trend line which when broken, indicates the next pop or the net uptrend. We are also seeing that we have a curved purple line, acting as well as support and maybe even indicating us the next path of NANO/BTC. HERE comes the most interesting part about todays session, which I have never explained detailed before on my dailies and will go over in my live sessions with all of my students. The question is, how do you allocate your curved purple line so it is accurate? The shorter answer would be math and measures. The longer answer is that you should take a look at the lowest point of the last "uptrend" and see that its "exit angle" fits almost with its "entry angle". So, in this case you would first measure the angle of the red downtrend (150), subtract it then from 180 (180-150=30) and get the "perfect" "exit angle" of your uptrend (30). Now, you have to see where this uptrend fits to the market structure and apply it as a "ray" to see where this might take you. This ray is most likely going to be your resistance if the entry trend was a support, also works the other way around. After finding your "perfect" uptrend, you want to apply here a line of 90 degrees, which goes out of this ray. This line is your indicator when broken that you are in an uptrend. In this case the line aligns with the tilted rectangle and based on that point you can place your curved line. This method is very affective when done correctly, yet it is hard to understand and you will have to practise it multiple times. If you read it only once and think that you understood it, you most likely didn't and I suggest reading it and comparing it to the chart again. Now, lets take a look at the indicators. FOMO is on a sell, which sets us in a nice position to turn into green soon and then start a push. RSI is flatter as the flat earth theorist brains and ready to make a move to the overbought area again, since it has not been there for quite a long time. Take a look at the yellow circles.. next time we touch the overbought area, we will have a strong push (most likely to our uptrend resistance :wink: ) StochRSI is indecisive, yet LOW and seeming to make a crossing. Which again means, uptrend, push, close above the tilted rectangle and close above the right angle green line originating from our "perfect uptrend". So, what might happen you ask me? If you still don't know then, you should read a little closer. Yet, for the lazy readers here.. Basically, some more accumulation in the rectangle, best case test of the 61.8% again and then up, out of the rectangle and close above green line, then push to the dotted line. This @here is how I will make my trade: NANO/BTC Binance BUY 3000 - 2900 - 2675 - 2577 Targets - 3300 - 3625 - 4250 - 4656 - 5585 - (8000-9000 touch of the dotted line) Stop Loss 2550 (close below)
NLong
by KongTrading
NANO shows bullish signs#NANO 1d Found support in August and was able to rebound impulsively after a global corrective decline. After a rebound, it also forms a corrective pullback, but already now it is starting to demonstrate the prerequisites for another growth. From the current level (3200) and up to the support of 2600, we can gain volume for another impulse. NANO has obvious bullish signs, but trading may take some time, it is likely that by the end of next month the market will be able to test one of the closest resistances shown on the chart. And in the short term, we have good chances to rebound from the level of 3200 and touch resistances of 3300, 3400, 3500, 3600 and 3700
NLong
by CryptoWolfsTrust
NANO - EOY Will be better than now and 2019 will be our yearI think we need to retest the previous low from august before making our way up, there is a lot of development being doing on the background and we must use this time to take advantages of the low prices. Nano will be great next year and maybe it will be on top 10 by CMC. It's very unknown that we'll reach that sub 1$ price from August, because the sentiment is that everyone that loves nano and wanna buy it's waiting for that prices to come again (also me). But we'll see as the time passes buy Nano goals until december: github.com best buys: 0.00015~20 good buys: 0.00023~26 moderate buys: 0.00027~0.00031 play safe and with caution, thank you all
NShort
by xau327
1
Bullish Divergence showing on NANO/BTC.NANO/BTC is showing bullish divergence on both the RSI and the CMF on the 4-hour chart. We've also been in this fairly long downward trending-flag-type pattern. I could see the argument for this being a very over-extended bull-flag. However, there is a bunch of uncertainty given the USDT issues and the massive premium for Bitcoin on tether-based exchanges relative to the fiat-based exchanges, so keep that in mind that this is a higher risk trade and that it wouldn't take much to send the whole market reeling. I entered around 2830. There is a chance a better entry could show up somewhere in the mid/upper 2700 range. Target 1: 3000 sat's. Target 2: 3300 sat's. Target 3: 3600 sat's. -Do note: If this was a very over-extended bull-flag, we could see it move to as high as 4500 for Target 3 if volume shows up big time on the break-out of the top of the flag. SL: 2650 (right below the previous tweaser bottom.)
N
by Deftsuo
4
NANO/BTC Idea - Patience for Long SetupHere is a setup that could reap large profits if it comes to fruition... Looking for a retest of previous price levels, along with the RSI to retest its previous low. The 2 main supports I see are in yellow. It is possible to bounce from the first yellow square. However, I will not open a trade there. If price enters the 2nd yellow zone, and if the RSI enters the second yellow zone, that could be a great trade setup, with a great Risk/Reward profile. So I am setting a buy order just above 2nd support level (our previous major low), and see if the price reaches in next days. It very possibly may not, but I will remember to protect my capital at all times, as should you :) Be selective with what trades you take! Good luck traders :)
N
by darth_bitcoin
6
A trading opportunity to buy in NANOBTCTechnical analysis: . NANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0002730 to 0.0001250). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0002730) Ending of entry zone (0.0001250) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000423 TP2= @ 0.000497 TP3= @ 0.000570 TP4= @ 0.000727 TP5= @ 0.000912 TP6= @ 0.001097 TP7= @ 0.001360 TP8= @ 0.001696 TP9= Free
NLong
by ForecastCity
A trading opportunity to buy in NANOBTCTechnical analysis: . NANO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. . While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0002730 to 0.0001250). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0002730) Ending of entry zone (0.0001250) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.000423 TP2= @ 0.000497 TP3= @ 0.000570 TP4= @ 0.000727 TP5= @ 0.000912 TP6= @ 0.001097 TP7= @ 0.001360 TP8= @ 0.001696 TP9= Free
NLong
by ForecastCity
2
NANO stays under pressure, watch key resistanceIn August, Nano had a short-lived rally, which resulted in a 345% growth over the Bitcoin. Although after this rally, price went down, resulting in a 54% correction. Since 12th of September up until today, NANO/BTC hasn’t been very active. Price simply moved around the btc 0.00035 level, where the most trade volume has been concentrated throughout the past 3 months. Looking at the most recent price action, Nano formed a double bottom at 61.8% Fibonacci retracement level, that is btc 0.00032. At the same time Gann Fan trendline was rejected and it seems that NANO could be heading north from this point onwards. But don’t get excited too fast, as more growth from Nano could only be seen if the current support level will be respected by the market participants. If/when NANO/BTC will go below btc 0.003 psychological support, chances of further decline will become very high, and price might fall towards btc 0.00027 or even lower. Perhaps watching the descending cannel for the upside breakout along with the RSI resistance breakout could be that buying trigger. The next resistance level is see at btc 0.00044, price action around which could help to determine further intentions of the Nano coin. At the same time, it is possible that buying orders are waiting to be executed near the btc 0.00027 area, that is 88.6% Fibs. This is obviously a much better price to get some Nano, confirmation of the support bounce will be required, as Nano could also break below the 88.6% fibs and go much lower. Support: 1. 0.000322 2. 0.000300 3. 0.000276 Resistance: 1. 0.000350 (key resistance) 2. 0.000440
N
by CryptalDash
13