$NANO $NANO.X - Nana, Binance 4 Hour ChartNANO has seen some trouble since the rebrand and the hack though there has been a little boost today though still stuck in the downward channel. IT broke a bit but pulled back. However, MACD signal is about to cross, the 5 day and 20 day EMA are close to crossing so if buyers keep buying it may be a good time to get into NANO if your looking for a way in. I would wait for the EMA lines to cross and MACD to go positive before thinking of it. RSI is slightly positive but the current 4 hour candle is bullish but has a longer upper wick. The next few hours will tell the tale of NANO. If we break the 0.0001 Fib Line, that would be my buy in point. If trade strength continues and we successfully move to a positive channel aim for the next FIB line for profits. If we do not make it to the break level, i would keep watching for another buy in.
NANOBTC
NANO Early Buy IndicatorThere appears to be a divergence forming on the 15m RSI which may indicate the bears are starting to tire out. Wait for a move above the 50 EMA for confirmation. DYOR!
NANO/BTC - SCALP - Great Risk/Reward - All Time Low (1hr Chart) BINANCE:NANOBTC BINANCE:NANOETH BINANCE:NANOBNB
All,
I would highly recommend Binance NANOBTC or any right now. Like RIGHT NOW. It is at an all time high.
Pros:
-RSI is going up fast almost overbought (BULLISH)
-Volume profile says it is undervalued aka the bulls are going to eat it up (i already did)
-MACD about to cross over
-Volume crossed EMA / high volumes coming
I would be careful with NANO (ONE HOUR CHART). I would pay close attention around the 50/100 MA and see if it passes through or starts selling off. Either way quick gains can be made here!
Target #1: .000924 (50 MA)
Target #2 .00098 (100 MA)
NANO(XRB) close to fundamental resistance levelNano was almost breaking the fundamental resistance level, but then an exchange got hacked/shut down due to a fraudulent owner. Alot of nano went "missing", not going in to details, nano is not to blame. Do your own research.
However, it did result in a huge sellof. I also sold my nano, because my stoploss levels were triggered. After the drop nano stabilized and showed that it is very willing to rise. The fundamental resistance(blue) needs to be broken to call NANO bullish.
Don't forget that this coin used to be 50 dollars once, no bad news came to decrease the value, it just "happened" to decline 400% or so, this might have been the first fib wave, but it is way to early to call it a fibonacci wave. However, the psychology behind it seems legit. We are missing some momentum, but the volume has already exploded, so I expect nano to break out soon.
first profit level: 0.00131 (however, we might blast trough this one, since this was the level before undeserved FUD).
Like this idea for following profit levels and buy in levels.
NANO - Buying into fear and the epitome of oversoldAll,
This one's going to be long, but it's worth a read to understand my logic on this position. I welcome your feedback, as always.
Last week I posted about NANO achieving a nice double-bottom. This would have been a nice moment for a reversal, had the bitgrail hack not happened. For those not aware, BitGrail was "hacked." More accurately the BitGrail developer, "Bomber," had horrible code that double-credited deposits and other issues that led to his eventual insolvency. He may have attempted to save himself for a bit by taking advantage of the NANO ( then XRB) price growth, but clearly did not do a great job and left with an insane amount of NANO (I believe almost 17M). Enterprising individuals have traced the "missing" XRB to Mercatox and have proven it has already been sold on the market and is now in circulation.
So, let's recap:
Primary NANO exchange BitGrail has a code bug and steals millions of NANO, a la Mt Gox, due to insolvency.
BitGrail owner sells this NANO to on Mercatox to recoup losses. Price begins falling (17M NANO being sold will do that).
BitGrail announces "hack" and locks withdraws as a last-ditch effort to rip funds from their users to maintain solvency.
NANO price TANKS as a result and bomber makes an absolute killing on arbitrage, as NANO begins trading 50% lower on his exchange.
The most important detail to remember here is that all that stolen NANO was liquidated in January. You know, the time at which NANO dropped by almost 70%? That's not a coincidence. The massive amount of NANO being sold by Bomber very likely cause the decline in price, and then the hack was the cherry on top. All that NANO has now been liquidated, and NANO'S Mt. Gox is over. That makes this NANO's crater-bottom, just like Bitcoins back in the day.
Now let's get to the technicals! We see an obvious descending wedge over this period of time. We also see strong divergences with MACD and RSI. However, in my opinion most of these technicals mean very little on their own due to the massive fundamental shifts in the underlying. What's most notable to me is that we are currently sitting just above .001BTC. This is a major psychological support level. Since the wedge falls to this point it gains significance because of that, but not in and of itself. Volume is also fairly low.
All of this leads me to conclude that we will very likely see a strong recovery in NANO for the following reasons:
The selling pressure from Bomber has disappeared
The "Mt Gox of NANO" is over
NANO development team will likely be releasing a suite of new wallets and updates in the next 5-10 business days, acting as a recovery catalyst. These wallets have been in beta for a while now already.
NANO is an incredibly ambitious project and arguably the ideal crypto-currency as it is almost instant and entirely feeless, something no other coin can claim - that hasn't changed.
Full disclosure, I already have a position in NANO, but doubled it yesterday at around .00108, as I am that confident in its both near and long-term potential. For those not already involved in NANO, the following strategy would be ideal:
Open long position at .001 BTC on any stop-loss hunting that is strongly rejected on volume.
Open long position once a new high is established at .00105 ( after confirmation, of course) or, for a more conservative route, at .00107.
NANO Price prediction Ahmad shadidthis is my price predection for nano . i will buy only after it cross the first green line.
NANO (XRB) /ETH - Cup & Handle XRBETH NANOETH NANOBTC
Here we have a cup and handle. I am already in, but I would pay close attention to see if the breakout happens here shortly! Remember also this coin was previously XRB and unfortunately entered on 2/2/17 during one of the worst historic weeks of crypto. Not only is XRB/RaiBlocks one of the most promising tech out there it has not even broken even on where it started. This is something I would monitor very closely!
Let me know your thoughts. I think this might be due for massive breakout.
NANO/ETH - Breakout, Support and ReversalNew support is verified, MA reversal has completed in and has the correct order and StochRSI oversold. Buy while you can, because if breaks this level its going for a big bull run.
Only thing to watch is I am on the hour time interval. However, that is pretty strong support verify with higher intervals if need be.
NANO/BTC -Up trend confirmed by dynamic EMANANO - Newly rebranded and previously known as XRB - Raiblocks and added recently to Binance.
After a double bottom, we are on an uptrend as seen by the 55 EMA line now pointing upwards. However a breakout of the 0.0015 level was met with resistance. If BTC holds its value above 7.8k, we may see continuation of uptrend in NANO followed by a breakout of 0.0015 level and possible test of previous highs at 0.0017 levels.
