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NANO

NANO is breaking out. Don't miss it. Up to 8% gains.Hello everyone and welcome to this analysis on BINANCE:NANOBTC . Reminder on EMA crossing strategy: -RSI under 70 -EMA 26 crosses EMA 52 -Low volume on MACD (optional) -4 hours chart As you can see the technical tool that I am using and has been rewarding to me is based on the EMA 52,26,12 using the 4 hour chart. A crossover of the EMA 52 and 26 is a sign of a beginning of a trend. In this case you can see that the EMA 26 is about to cross the EMA 52 representing a start of a bullish short to mid term trend upward. Last time that we saw a bullish EMA crossover was the 23th of February and led to a significant spike. Before entering you should wait for the EMA 26 to crossover the EMA 52 if you are more of a conservative trader. You can observe that NANO's price action has been trading in a triangle. Combined with low volume and a MACD bullish crossover on the 4-hour chart we can expect a breakout that will surpass the upper edge of the triangle. The price is already piercing through the inner edge of the triangle that was formed from lower previous highs and lows showing a good sign of the imminent break to the upside. Dotted green lines: Past historic support/resistance levels Aggressive approach: Long at market price to avoid sudden breakout. Stop loss at past support (lower green dotted line). Take profit at past resistance (upper green dotted line). Potential profit of approx. 8%. Conservative approach: Long when EMA 26 crossover EMA 52. Stop loss just above past support (lower green dotted line). Take profit just under resistance level (upper green dotted line). N.B: This strategy safely works for short term price movements. For example, my take profits are usually between 4 and 8%. Additionally, I use 2% of my portfolio per trade with a risk/reward ratio of 2. **This is my set up and I am sharing that with you for educational purpose. This isn't, in any case, financial advice.**
NLong
by SamLazno
Nano Expectations for the medium termThis is my view for NANO . The bear trend was broken this week (yellow area) and it peaked a couple of days ago. The support levels have taken the challenge and all the indicators are ready to start a bull run in the coming weeks. I expect it to rebounce again over the 0.00080´s line Fibo very soon and to start climbing up, since NANO is a very good project. I have no personal interests nor want to advise anyone to invest in it, I´m just sharing my personal views.
NLong
by guillermitito1
Nano's PoitentialNano has been building up pressure for quite some time. On the left side of the chart you can see bullish divergence forming prior to the 20%+ spike we've seen recently. For those of you that don't know what bullish divergence is I'll explain. Divergence is when the price and the indicator are moving different directions. You can see on the RSI we were making higher lows yet the price was making lower lows. That's known as bullish divergence and is great way to to get in if you catch it early. If you didn't catch that or haven't got in yet, there's still time to grow. Aim for the .5 and .618 levels on the Fibonacci. These levels are common target points. It will be important to get above the 200 ema in blue so expect resistance around that level.
NLong
by bensonwithin