Get started

NANO

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
N
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