Patience pays off (update)

Jun 17, 2022

As you can see, NANO (XNO) is in the process of forming a bearish flag on the 4-hour chart and in my opinion is looking for the final bottom of this multi-month correction. If you saw my earlier analysis (link below), you can see that I slightly revised the white wedge and the likely price path (yellow dashed line). Currently, I expect the bottom to be around the $0.53 level, where a momentum bounce is likely to occur after the downward false breakout of the wedge.

The above analysis is just my personal opinion. It should not be treated as financial advice.