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NANOBTC

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