NANO's Turn 4 Profits (50% Profits Potential)It is time for NANO (NANOBTC) to generate some profits.
NANO Overview
About Nano
Launched in 2015 by Colin LeMahieu as RaiBlocks, Nano is a low-latency payment platform that requires minimal resources; making Nano ideal for peer-to-peer transactions.
Instant transactions
Nano transactions happen immediately, so it's a currency you can use every day for purchases large or small.
Zero fees
Pay for the purchase, not the privilege – zero fees on whatever you buy, from bus ticket to business class flight.
Infinitely scalable
Nano can process over 1000x more transactions per second than Bitcoin, so you'll never get stuck in a queue.
All the details on the chart.
- The arrow is the direction.
- The "X" is where support is found. A close below this line means that I no longer think that NANOBTC can continue moving up without a new analysis.
- Pretty simple and straight forward...
- Enjoy the profits.
Namaste.
NANOBTC
NANO dailyI think adam part is very clear. I am waiting for eve part. A jump with nice volume could be our correction signal for eve.
RSI also started to rise
NANO BOUNCING STRONG AND STRONGERAfter each bounce on the support at 22.8 k satoshi NANO take strenght. Another bounce is expected. The resistance in red is the target. A break above the resistance could be strongly bullish
BIO
Nano long setupNano took some stops and quickly got back into the range, it will likely test the range resistance around 2650, giving us a chance of a 12% trade with 5.2 RR ratio. It can go even higher but it's early to say, I will just play this setup
Is Nano entering an accumulation range?Hello everyone!
So, it's looking like Nano is holding the .786 bull retracement from the run it experienced post-capitulation in August. This is a great sign!
On the weekly we see Nano slowly drifting to and testing the .786, 5 times. So far, it has held up.
This is most definitely a sign of accumulation in my eyes, especially considering the weekly RSI is beginning to level out.
Since November, the daily RSI and MACD have been diverging towrads bullish values. As we stand Nano is roughly around 40 RSI and very near the zero line on the MACD.
This trade is very simple. Accumulate near the .786, and have a stop loss just below the .786 at 2,220 sats.
Target for mid-term is the .5 bull retracement, located at 3,970 sats.
IF Nano is entering a wave 3, target is a whopping 7,850 sats somewhere within the next 6-8 months.
Nano Wave - My setupNANO is with an interesting volume, and indicators pointing upwards. I'm waiting for a strong leg up in the next few days. My stop is positioned below 0.0245.
If the black line is broken and confirmed as support, I expect the trend to continue. It is important to remember that a strong drop in BTC can invalidate our setup. see ya budds
NANO finally breaks out, but is the market ready? For a change, I'm going to do an overall crypto market analysis on the NANOBTC chart, since I know a bunch of people were appreciating my updates on this pairing.
This market has gotten me pretty exhausted, which is why I haven't posted too many new charts recently. I'm trying to focus on other things at the moment. However, there are some really interesting things going on that I would like to point out. First of all, I speculated back in November that the EARLIEST we'd see the bull market return would be late January/early February. We are now entering late January. I also said this was when NANO was likely to break out. This is because I believe the last bull cycle matches up best with Bitcoin's 2011 bubble (in terms of severity for many altcoins). For those that don't remember, Bitcoin crashed from $30 to $2 (a 93.3% decline). The time it took to recover is equivalent to the time between the peak of the 2017 bull market and around now. History doesn't have to repeat itself, but often certain lengths of time do play into our psychology. Right now though, the market looks very mixed, if somewhat bearish. Reversals can happen extremely quickly, but Bitcoin in particular isn't showing any real positive signs. This means that I may have been wrong, and that the market is actually in the process of dying. Here are some observations (both positive and negative):
Positive observations:
1) Many alts have held support, and have even shown signs of accumulation, well above their November-December bottoms. Some are even beginning new bullish cycles (TRX, WAVES, STRAT, GVT, possibly NANO, etc.).
2) Bitcoin has broken out from a major downtrend resistance line on the Coinbase chart and has been testing it as support the last few days. www.tradingview.com
3) Bitcoin's weekly RSI is looking very bottomy.
4) NANO has made its first higher high since being trapped in a long consolidation period dating back to October. I use NANO as a market sentiment indicator, because to me it signifies advancement in this space, and the people who are into cryptocurrencies see it as a major potential alternative to Bitcoin. Not that it will necessarily challenge Bitcoin's market cap eventually, but speculators see it this way, which is why it has remained bullish. It already had a clear capitulation bottom in August and recently retested its $0.75 low without breaking down in Bitcoin value.
Negative observations:
1) Bitcoin has failed at its Bitfinex resistance line over and over again. This line is extremely steep, and it has many touches on the daily, and even weekly charts. It connects the ATH, the Tether pump, the November Dump, and our most recent big green candle that got rejected.
2) Alts are pumping, yes, but that's because there is a very small amount of money in this market. Only a small amount of capital is required to push up low cap coins (like GVT, for example). If you notice, the only top 10 alt to have a sustained run since November is TRX. Everything else looks weak, particularly XLM. Big investors have left and have seemingly no intention of buying at these prices.
3) The RSI on the alts that have pumped is way overheated, which indicates that it has taken too much buying pressure to support those prices, which means they aren't sustainable. This is just my impression though. It might not be an accurate interpretation of the data.
4) We've been seeing a lot of "fake" moves. Price will blast above resistance, only to come crashing down. Or price will break down below support, only to rally back up. This is characteristic of a market that has no direction. There have been a lot of stop hunts as well. I don't really think that indicates anything positive though, because I think the people are accumulating are doing so in order to control and destroy the market.
These negative observations lead me to believe that the market is actually CONTINUING to weaken. This means that I wouldn't be surprised if NANO actually retraced this entire pump and slid back down to support or new lows. If we do happen to decouple and move up, the bullish targets are in red on my chart. As you can see with this analysis, things are very mixed. When things are mixed in a bear market, it usually means a selloff is upon us. I'm fully expecting new lows for the market at this point. Best case scenario, I think we see a capitulation wick sometime over the next few weeks. Perhaps I'm wrong (I was wrong about Bitcoin holding 6K but I was right about NANO holding $0.75....go figure). Another possibility is that Bitcoin simply dies out, while some strong altcoins take its place. This would explain the bearish momentum with Bitcoin but the beginnings of a bull market for alts. The top contenders I saw for this were XRP and XLM. They have both remained suspiciously stagnant (and low) for a while. A big surprise would be to see them shoot up in Bitcoin value out of nowhere.
It is also possible that my negative view is just the emotional symptoms of the bear market. Maybe since I'm feeling so bearish, we really have bottomed. Overall, I think in my analyses, I've been more accurate than inaccurate, but I've made some bad calls that I'm not proud of as well. It's all part of my learning process, but I'm on the verge of really giving up now. I'll have to anyway, since my life is moving on.
This is not a trade setup or a recommendation to buy or sell. Here's my previous NANOBTC analysis for reference:
-Victor Cobra
Have we reached the floor for NANO!?! i would say YES!Hi Friends! Thanks for your support and hope everyone is making good profits in the markets today!!!
Make sure to like and follow as i provide you with all the breakout coins!
As a lot of my followers know my technical analysis yesterday on WAVES played out SPOT ON as
we expected. The new coin for us today is going to be NANO! This coin has experienced a nice influx
in volume over the following 24hrs. Currrently trading at 2717 with 1017 BTC volume on the 24 hr for
Binance. Lets get to the technical aspect of this coin. We can see we have resistance at 3700 to the low 4000
which will be KEY for NANO to break above in order to follow my MIRROR pattern above in the chart. Overall
looks like a good entry with SOLID support in the 2200's range. Lets keep a close eye on the INFLUX of volume.
Also if you want more ACTIVE UPDATES on some of you favorite altcoins then make sure to join my DISCORD community
LINK is below!
Thanks, LiquidMEX
DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
Is $NANO going to be the next Binance parabolic?* obvious pattern
* clear entry
* pay attention to RSI
* hasn't pumped yet
NANO : 150% profits Insight in the Mid term.-Critical area to confirm where NANO will be heading next.
-RSI at around 50.
-Volume needs to be up to see a confirmation.
-EMA50 and EMA89 need still come below the price.
-Falling wedge pattern already created but needs a close above the first resistance level to confirm an Elliott wave creation.
Accumulation Zone : 2250 sats to 2500 sats
Distribution Target
Short Term:
Target 1 : 2654 sats
Target 2 : 2778 sats
Target 3 : 2903 sats
Target 4 : 3062 sats
Target 5 : 3305 sats
Mid to Long Term :
Target 1 : 3045 sats
Target 2 : 3542 sats
Target 3 : 3944 sats
Target 4 : 4346 sats
Target 5 : 4919 sats
Target 6 : 5648 sats
Stop Loss : 1500 sats For mid term.
Short term targets expected to be achieved in upto 15 to 20 days.
Mid/Long term targets expected to be achieved in upto 45 to 65 days.
Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your COMMENT if you not convinced by the forecast. Thank you for your time to read our posts anyways. With Regards.
Good Luck.
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NANO BTC GOOD ONE TradeExpertsTelegramNANO/BTC BINANCE
BUY : 2370
TARGET : 2640
TARGET : 2909
TARGET : 3250
Daily Bullish Signal $NANO #NANO (18 Jan)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
NANO/ BTC- BINANCEHere's another Alt that hasnt yet gone for a run. If BTC behaves nicely, I can see Nano going for a nice run from here. If it breaks out of this wedge, I shall long the retest. Nice RR here.
NANO nearing apex of descending triangleNano is sitting on support as it approaches the apex and when NANO moves, it really moves with YUGE volume!
Nano is looking real goodbullish RSI divergence,
Triple bottom
hit super strong support
All the Fib extension & retracement look real good ( I don't post because it makes the chart looks messy )
So how to play this?
Just buy in now, it's gonna take a while before it lifts off because it's facing tons of Resistance ( ichimoku cloud & the ribbon ), but when volume kicks in it's gonna be fast
NANO 1000%+ PP probably the best currency.. NANO already bottomed out in August and since then been making higher lows on daily. It already had first bullish wave and retraced after that. Now it's forming rounding bottom and getting ready for the next move.
Solid project, big community support;
Low supply;
Amazing fundamentals;
Bullish divergence on daily;
~1017% PP;
On 4h it's forming falling wedge and about to break out;
DYOR and good luck!
NANO on Renko chart good risk/reward!As the chart shows, between support and resistance, there is more too play-on inside this than out, 1.85 Risk/Reward seems pretty fair.
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Despite Selloff, NANO Remains Bullish Against Bitcoin Time for a NANOBTC update! My previous Nano analysis was on the USD pairing. Decided to do this next one on the NANOBTC chart.
What's interesting about this pairing is that NANO is still more than 100% up on its Bitcoin ratio since August. I had a feeling that NANO would not drop much against Bitcoin, even if it dropped to the 3K-4K area. The reason for this is that unlike most cryptos, NANOBTC actually showed a strong reversal back in August, and has since maintained its new support in the 2500-2600 area. I did say in my last analysis that worst case scenario, I'd expect NANOBTC to test the low 2000 area (which has already happened since the selloff). We successfully tested those levels and are already back near previous strong support. This is pretty bullish.
Now things are getting more interesting. I've speculated recently that the earliest the bear market could end would be early 2019 (late January, in particular). This happens to align with Bakkt, as well as the completion of NANOBTC's potential adam & eve double bottom (green line on my chart). HOWEVER, we are approaching a big descending resistance (in pink), and if the market continues to look weak, we could drop back down to lower supports, and test the USD lows of $0.75. Based on my earlier analysis, I think it's pretty unlikely that we go below $0.75, as buying strength in that zone is ENORMOUS. However, we can't rule it out if Bitcoin decides to test below 3K. The NANOUSD chart doesn't look nearly as good, but it also has a decent chance for a double bottom (although more extreme).
My bias is long right now (added a small amount in the current $1-$1.10 support), but of course we can fail at resistance. Based on what seems like bullish accumulation in this area, I think it is more likely that we break out, but what do I know? We'd need to get above 2650 and 2700 for starters. After that, 3000 would be the next target for NANO. I would then expect the new rounded bottom to complete, and the entire crypto bear market to reverse along with it. I see NANO as a major gauge of investor sentiment for this space, since it's one of the more hyped coins in the market, due to its advantages over Bitcoin and new speculators betting on it to gather a bigger share of the crypto market as adoption accelerates.
There is a case to be made for a multi-year bear market. In this case, my idea will be invalidated.
Support:
2200
2400
2500
Resistance:
2650
2700
3000
3400
4000
5600
6000
This is not a recommendation to buy or sell, nor am I a professional financial advisor.
-Victor Cobra
Previous NANO analysis:
NANO/BTC figuring out the trajectoryhi,
ive written everything on the chart
so writing here seems redundant
please leave a like.. it will mean a lot to me :)
NANOBTCNANO/BTC
Formed a triangle with a line of support at 2600
A reduction to the support line is allowed, followed by a triangle breaking through and a resistance test at 4700
Good volumes have come in