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NANOUSDT trade ideas

✴️ XNOUSDT | Nano Three Buddhas (Name Your Altcoin #10 ✅)I just shared Stellar for you as "Name your altcoin #9", I used the 3day timeframe and we have a chart that's quite similar, the same signals apply but of course, we will adopt a different perspective for your learning and/or entertainment. Taking into consideration the June, November and January lows in the Nano (XNOUSDT) chart, we have what a Japanese trader would call the "Three Buddhas Pattern". This is like an inverse head and shoulders but without the limitations about the neck-line and what not. Just having three dives is enough for this signal to work, no need for the mathematical exactitude... Oh sorry, I felt like I was lecturing someone. The RSI here is stronger than XLMUSDT, which is great and prices are already trading above EMA50. Notice how MA200 is trending down and thus XNOUSDT is set to trend up, moving to meet MA200. See basically the same chart but a bit more advanced, works as confirmation to my previous analysis... Stellar is likely to follow Nano. Nano though has a strong signal in the form of high volume in November that is not available in Stellar... But they move in turns. And finally, the signal that does not need to be mentioned or maybe the signal that cannot be ignored? The downtrend has been broken, a more than 1.5 years long downtrend, here shown as a thin red line... Notice that EMA300 is below MA200 while other pairs that moved first have EMA300 above MA200... Something to keep in mind, write down or learn. In the future, you can use such simple signal to know which of the altcoins are likely to move first. Thank you for reading. Name your altcoin #10. This is Alan Santana. See you next time. It was pretty fun and highly entertaining to write for you. Thanks a lot for your time, for your attention, for your support. I love you... And I hope to see you one day. Namaste.
Long
by AlanSantana
9
xno usdt 10XWhat Is Nano (XNO)? 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. Anyone with access to a computer or phone could solve captchas, and be rewarded with RaiBlocks. The number of XRB people received per solved captcha varied over time RaiBlocks (XRB) was rebranded to Nano in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users.
Long
by fawziearn
1
xno usdt 50XWhat Is Nano (XNO)? 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. Anyone with access to a computer or phone could solve captchas, and be rewarded with RaiBlocks. The number of XRB people received per solved captcha varied over time RaiBlocks (XRB) was rebranded to Nano in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users.
Long
by fawziearn
1
QuestionOfTheDay: Can a coin with fixed supply make a new low?Coins like EOS , ICP , FIL, LUNA and many more made a new ATL this cycle. The reason being the bear market of course, but also the fact that they are inflationary coins. Generally price is determined as such: Price = MarketCap/TotalSupply A coin with a marketcap of 1,000,000$ With a total supply of 1,000,000 coins Will bring the coin to a price of 1$. Now what happens when the total supply of the coin is increased to 2,000,000 the next year? Price = 1000000/2000000 = 0.5$ And there you have it. A lower price with the same marketcap because of tokenomics. To learn more about tokenomics, visit Binance Academy @ academy.binance.com So theoretically speaking, a coin with a fixed supply can only make a new low IF: A. All holders since 1 March 2020 sell at a loss. B. Token supply can be manipulated C. Burn wallet accessed D. Some kind of long squeeze where traders going long forced to go short/liquidate to cover positions, driving price downwards similar to GAMESTOP ( GME ) but the other direction *whoops* E. Dead project, no community, delisted everywhere Do leave your comments down below on what else causes projects to reach new ATL! #XNO #Nano #DigitalCurrency
by Cryptolistica