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NANOBTC

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 :)
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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
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by CryptalDash
13