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NANOBTC

NANO - ready to test Feb high at 17K - 90% gain risk/reward 1:13Good day traders, Here is another easy win. As you can see Nano has corrected nicely off of its high, back down to the .786 retracement from this last impulse wave 1 of (3). Currently it’s being supported by the structure trend line as well as the 200 MA on the 4hr. If NANO can find the strength to push above the key pivot at 8618, we’ll be looking to soar to new heights. This is a very classic Elliott wave trade where the 2nd wave corrects to .786 of the first wave which signifies the third wave to be at least 2.618 of the first wave. In this case, this 2.618 expansion target happens to be a confluence with the high from February! Hrm… I think we’ve got ourselves a nice trade setup here. Remember that a break below the structure trend line or the 800hr MA, this idea is dead in the water. Entry 8150 or above Stop 8075 or below 800hr MA Target 17K, start taking profits from 14K and up R/R ratio: 1:13 Duration: roughly 1 month 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
NANO BULLISH COUNT **FINAL UPDATE**Here are our final two supports, if we do a fib pull of wave 3, we are still sitting around our 1:1 target, which is also the 78.6% so we have confluence there, however we have just gotten another stab down, so rounding bottom goes out the window. Our final target is the 88.7% until the trendline then new lows. We'll see how we play out, but If we fall any lower, ill have to start thinking corrective instead of impulsive and change my count. **NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
NLong
by Etsua
4
NANO BULLISH COUNT **UPDATE**We're coming up to our final support, and if we are to trust the theory, we should bounce off this point. The point being the 1:1 extension to complete our ABC down for wave 4, which would line up nicely with the fundamentals (Colins livestream, Binance Comp, and the Nano Wallets), but nano has seen extremely strong selling pressure, 2 steps forward, 3 steps back. BEAR SCENARIO: If we do break below the 1:1 for our "C", we may travel right back to our trendline (red line), and if we break through that then NEW LOWS. BULL SCRENARIO: Trust the theory, 1:1 bounce as I am expecting we should, hence why in my first Nano chart I give a range (green box) in between the 50% and the 38.2%. The 38.2% finds perfect confluence with our 1:1 ABC pull down, as shown in this chart. Finally we are beginning to round out...unless we see another parabolic stab down, but at this point we're rounding out, hence my curvy arrow to send us back up.
NLong
by Etsua
[NANO/BTC] NANO: Binance Competition Wash-Trading?NANO What a rough last week! Competition Time: 2018/05/04 0:00 AM to 2018/05/11 0:00 AM (UTC) Users will be ranked in terms of the total NANO volume traded on their Binance account (including both Buys and Sells) across all NANO trading pairs during the competition period. 1st: receive 6,000 NANO 2nd: receive 4,000 NANO 3rd: receive 2,000 NANO 4th-53rd: evenly split a pool of 3,000 NANO *All trades that we deem to be “wash trades” will not count towards your trading volume for this Trading Competition.* So since the competition was announced, it seems as though people did exactly what Binance made a rule against, NO WASH TRADING. However, it seemed to have happened anyway , with bear whales pushing the price down slowly and horizontally. What I thought would be a much bullish week for NANO, ended up being quite rough and blood-thirsty. We are now seeing something more of a double-elliot-wave (W-X-Y) correction that has been formed. The sad part about this is that wave 4 broke down past the support of wave 1, which means to me, a much less bullish outlook for the near future. However, we're still not near the ATH for NANO and I do think we will break it this year, just not this week or next. I'm hoping we can gain some good support at the region its at right now, perhaps forming some kind of inverse head and shoulders pattern with some magnificent gains to be made. Not to mention whatever whale that wins this competition will probably enjoy busting the price up of nano to maximize their gains, before dumping it. COMPETITION ENDS 5-11-18 So lets get ready to see some bullish action with some bullish sentiment on NANO for some massive gains by the end of May! Happy trading! CoinMarketCap NANO
NLong
by dansharp
NANO Adjusting targets with new informationPrevious targets no longer fit with NANO price movement. Profit in previous trade has made 30% but we need to adjust to new information. Redrawn waves give wave 3 a 1.618 extension of waves 1-2 With wave 3 extension we should assume a .786 extension of waves 1-4 Although the .786 extension would be higher then given target it seems unlikely NANO breaks the channel on a 5th wave. Safer to exit this trade early then to get caught chasing the top. Since Wave 4 can not extend into wave 1 territory 89000 would invalidate the count. Target 1: 10966 Target 2: 11800
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by Murdiuss