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The Great NANO Breakout - Part 3I'm back with a NANO update. I first called this breakout in August, 2020, but NANO stagnated for a while, really testing the patience of holders. I know many exited during this period, giving up entirely. Here's the original analysis: Nevertheless, NANO has made its way up to some of my bullish targets. I spent a while accumulating this one, so it felt particularly good once it finally started to move. I timed my second NANO Breakout call a little better in January 2021, right before price quickly tripled: As I mentioned in my first live stream, NANO price was likely not affected at all by the spam attack. It was timed well for broader market consolidation. In fact, it has followed XLM price action almost perfectly. This is quite astounding. Take a look at these charts, side by side: Both have found support near the 100 day MA (yellow). On the NANO weekly chart, it has held the 9 EMA, which usually holds price during bull markets. What I gather from this is that NANO price is influenced by whales and algorithms that have always seemed to dominate much of the crypto market. Coins tend to pump in groups, as liquidity needs time to move around the market. Profit is taken from one group, and then it moves on to another, and of course profit flows in (and out) of Bitcoin. The NANO correlation with XLM can also be explained by their inherent similarities. XLM does have a minimum balance requirement to mitigate spam, and it has microscopic fees. But they are both incredibly fast and cheap. NANO has a lower supply, so it perhaps holds that advantage. However, XLM has a DEX and can function as a platform, so it appears to have more utility. If NANO can continue to survive and make its way well back into the top 100, that would be a good sign. For now, it's sleeping, though hardly underperforming in the market. I think it just needs a bit of a morale boost. Hopefully it's a case of "what doesn't kill NANO just makes it stronger." In order to continue its uptrend, NANO will need to clear the 50 day MA (red) and the important $6-8 resistance zone. This zone was major support during the initial Bitgrail crash in 2018. If it breaks out from there, it can head straight up towards $10 and above. Anywhere from $12-17 is in the cards. If we enter a final blowoff phase for this bullish cycle soon, I can also see NANO making a new all-time high, but of course this is entirely speculative. Can we see triple digits at the end of this cycle? Let's see. The final phase is usually the most insane. A new all-time high for NANO is actually not unrealistic. My smallest cap project (SLT) went from 98%+ down to a new ATH within just a couple of months. It has begun a new cycle against its base asset (XLM). If we look at the NANO/BTC chart, it hasn't even broken out yet. The lowest caps are easiest to pump, so it makes sense why SLT has already made new highs. If NANO did the same as SLT, it could go to $50+ within the next two months. And if Bitcoin doubles merely once more from here to $120k while NANO goes 10x on the ratio, that puts it over $100. Here's the NANO/BTC chart: Zoomed in, you can see that it's close to breaking above the 100 day MA again (yellow). The last time this happened, it nearly tripled on the ratio. On the bearish side, I don't want to see NANO break below the 100 day MA (currently $4.14). If this happens, it can head back to the previous triangle support, between $1.80 and $2.50, depending on where it lands. This is not financial advice! My posts are meant for my personal record, speculation, and entertainment only. -Victor Cobra
NLong
by VictorCobra
5
Nano (NANO) Trading Setup & Momentum (with Breakout)What Is Nano (NANO)? Well, I don't think NANO needs any presentation, but let's do it! Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies. Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Users were allowed to complete as many captchas as they liked to increase their words — effectively trading their time and effort for XRB. RaiBlocks (XRB) was rebranded to Nano (NANO) in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users. It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries. Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, Nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely. ORV makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies. Why trade this? I consider NANO a top 10 project and there's nothing that can make me change my mind. You can have set up of : 1. Either wait for the breakout as explained in the chart. 2. Trade in the channel and wait for the breakout to happen. Current closed trades (with success!): Chiliz Digibyte BAT SC #1 SC #2 SC|BTC StormX Perlin For details comment at any time! Don't forget to hit the like and follow button if you find this helpful!
NLong
by Chartomatic
6
NANO/USDT a 10:1 Risk Reward Setup!Hello World! Today I bring you this setup for NANO / USDT with a likely 10:1 Risk Reward Ratio and a 72% gain target I will likely take in the next few hours. I set a limit order to BUY set at $4.30 and a Stop loss below the previous power wick, laying at $4.00. A tight stop loss in addition to a target defined by the Highest Daily close at $7.48 from the current triangle formation, make this trade have a great R:R value, with a 72% gain to be made. Also check the NANO/BTC graph, as you will see that price is also in a multi-year zone of support-resistance, further reinforcing the analysis. ENTRY: $4.30 STOP: $4.00 TARGET: $7.48 *Not Financial Advice* ✅ LIKE AND SHARE IF YOU FOUND THIS ANALYSIS USEFUL ✅ Feel free to post any questions or concerns in the comment section. I would like to hear your opinion. Good luck to you all and trade safe!
NLong
by JRuiz000
$NANO - turn my nano bags into giga bags plsTechnicals: $NANO - we have it in the lows of its present range with two patterns, both of which could be bullish Looking for a break and retest of the pennant to add, also the pink line Then it targets mid range and the white downward trendline, which a brake off will really give some good momentum No bearish or bullish divergences that I could see, but the 1D RSI just sat completely flat on 49-50, and the candles being bought cleanly bottom of range, surely time to go! Fundamentals: What Is Nano (NANO)? Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies. ORV (open representative voiting) makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies. (coinmarketcap)
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by InvestmentsHub
NANOBTC - Time to start climbing against BTC FOR REALGetting close to breaking out of the accumulation zone vs btc, targets posted! It is a good idea to keep your focus on how much bitcion value you have in your account and not so much the dollar value. I know in 2017, I started with 3 bitcoin at 1200$ and I ended up with 1.5 bitcoin worth 19k, I had made dollars, but I didn't keep my eye on the prize which is the bitcoins you accumulate, while the bitcoin U.S. Dollar value is rising! If you look at most of the charts VS BTC pairs, you might notice they are very bottomed out and there is Bitcoin to be made everywhere, I recommend hodl but if you want to focus on going in and out here are some BTC pair targets for NANO.
NLong
by grrface
Potential Parabolic Curve FormingThere's a potential parabolic curve forming on the NANO:USD chart. Another touch and jump off of the curve would strengthen the validity of this formation and help more accurately project the upcoming price targets on its run. It would most importantly indicate we are going to see a lot of rapid movement upwards with short breaks of a couple days or at most weeks in between. Bitcoin followed along a parabolic curve breached it and continued to rally further to 47k after having a drop. We can potentially see the same outcome with BINANCE:NANOUSDT if we end up going on a parabolic run. Either way NANO has incredible fundamentals and a promising future ahead. HODLing BINANCE:NANOUSDT to the top.
NLong
by apolloriver
3