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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
Possible Bull flag formation in play for NANO.NANO/BTC appears to be within a bull flag formation. NANO/BTC has performed well even in the face of Bitcoin's recent drops, and it has maintained it's current levels quite well. I've laid out a few scenario's for what I think will happen. Scenario 1 (Green Arrow): NANO/BTC moves up from it's current position and breaks above the bull flag and begins it's march to 4800-5000 sat's. Scenario 2 (Yellow Arrow's): NANO/BTC moves to the top of the bull flag (3550 sat's), and is rejected for again before moving back down to the bottom of the bull flag (2900-3000 sat's.) It could also move down from it's current levels (3370ish sat's) to retest the bottom of the bull flag near 2900-3000 sat's before moving up to test the top of the bull flag. Scenario 3 (Red Arrow's): NANO/BTC heads down from current levels (3370ish sat's) and breaks through the bottom of the bull flag near 2900-3000 sat's invalidating our bull flag. Additionally, it could successfully retest the top of the bull flag, get rejected, and fail to hold the bottom of the bull flag also invalidating our pattern. We had a previous bottom around 2550-2600 sat's, so that might be an area of interest for reentry. -I lean toward Scenario 2; as for the MACD on the 4-hour got a bearish cross-over a short while ago, and the daily MACD is moving down. The 4-hour Stochastic is also showing downward movement, while the Daily appears to be showing signs of turn around. RSI on the 4-hour and on the Daily are both fairly neutral. I think we could see a retest of the bottom of the bull flag near 2900-3000 sat's before moving back up the top of the bull flag near 3450ish. I will be watching for a break below 2900ish sat's, or a break above 3450ish sat's (estimations) if the 2900-3000 level holds and we see a bounce up to the top of the bull flag. As always, keep an eye on Bitcoin and it's price movements as well, since it can be a major influence on alt-coin movements. --This is not financial advice or financial recommendations. Do your own research and come to your own conclusions before buying/investing. I am not liable for any losses incurred.
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by Deftsuo
$NANO Bearish IdeaAfter a terrific dead cat bounce NANO finally facing the retracement, it already did. and the it bounce again but with weak power and making wick on price actions which means the power of that direction slowly faded. It is supported by RSI level which shows us a bearish div. Nothing more to say, looking forward for the second short-term retracement before at the end of the month. 1. -22.42% from the current level 2. -22.56% from the current level 3. -40.11% from the current level Trade safe.
NShort
by blockchaindedi
12