✴️ 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.
