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NANOBTC

NANO short term bullish continuation Short term analysis is more risky than long term analysis, for short term analysis i use intraday trading analysis on this case in 1 hour timeframe for NANO/BTC Before you do trading in smaller timeframe, i recommend you to use multitimeframe analysis, why use multitimeframe analysis? because it can reduce the noise.. Nano is in strong bullish in 1 Day timeframe and it has good support(redline).. If 1 day timeframe is good, then we can change it to 1 Hour timeframe.. In 1 hour timeframe there are candlestick patterns such as bullish englufing, rising window and southern doji, but the price not retrace yet so it will retrace to fibo 0.5 or 0.618 first before push higher The target is 1243 satoshi as we you can see from violet line Don't forget to put stop loss below support area ( I recommend you to using auto stop loss instead of manual stop loss in 1 hour timeframe ). Please share your thoughts 😉
NLong
by SultanProfit
2
QTUM- On fire! Now or wait for the pullbackPropelled by the news of offline staking, mainnet and potential DeFi project, QTUM is on the hot steak lately. One of the two famous smart contract platform projects, along with NEO, from China back in 2017. It is trading below its long-term S/R lvl and is about 96% from its ATH (Check my links below for other coins that are down over 90% from their ATH- SNT & NANO). On the daily time frame, it seems very over-extended so pullback may be imminent. I would not mind hopping onto the bandwagon now with small order because next resistance lvl is still 20% away and add onto the position on the pullback.
Long
by Libratus
8
NANO/BTC | Macro Trend Reversal | S/R flip | Increasing volumeToday’s Analysis – NANOBTC – consolidating within its daily support zone as holds above the 200 EMA Points to consider: - 200 EMA S/R flip - Macro trend reversal - 55 EMA visual guide - Increasing volume - Oscillators neutral Nanos recent strong price action forming a successful S/R flip re-test of the 200 EMA on the daily timeframe indicates early signs of a macro trend reversal, giving the market a bullish bias. Thereafter, Nano establishing a higher high and higher low on the chart further supporting the bullish bias. Further price development will allow the 55 EMA to act as a visual guide assisting in trade management. Historically, an inflow of volume has coincided with bullish price action as it breaches key levels; indicating a true break of the level and adding validity to the price action. Volume follow-through is needed currently for a true trend continuation, avoiding any false breaks. Oscillators are neutral, further price development will allow for directional bias. Overall, in my opinion, NANO is currently trading in the buy zone for a long trade to structural resistance as the immediate target with risk defined below the 200 EMA. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
NLong
by Kudiiee