One of my new entries - seems to have broken up from previous consolidation, with good volume, support from the 400hr EMA, and cloud break on the 1hr. I would anticipate first resistance from 1870, which could be a good point to take some profits and move up stop-loss.
Nano has been highly correlated with BTC 's movements these past few weeks, both of which seem to be showing short-term buy support. If nano turns bullish in the short-term and pushes through resistance until 0.000697, I would be looking for a movement up until 0.000735, where the real test would begin! On the other hand, I could see trading within a descending...
It's been an interesting past few days for nano - the binance competition took us through the inverse H&S although in classic nano fashion it quickly lost momentum. Volume is now drying up, suggesting to me that we can resume normal operations. Currently we are trading at the 100hr EMA - if that holds before my buy is hit, I would plan to buy in at around...
Experimental mid-week idea, but worth considering. This is assuming BTC holds okay and nano sees some good news / stability... Currently back in a long position after picking up yesterday's fall at 87k
Nano found support and I have re-entered again. Following a recent volume spike a new wave of impulses seems to be in play. A push beyond 84.5-85k followed by consolidation back at that level would be reassuring. With the recent price action I am now trading within a pennant.I still don't see any explosive growth in the near future, but who knows... New node...
BINANCE:NANOBTC had a good last week, confirming its current uptrend along with many other alt markets. Nano has performed well and reasonably predictably. I have seen a few analysts calling for significant upside which I am not so sure about, for the following reasons: From a beyond TA view here has not been a ton of news and exchanges have yet to reopen...
BINANCE:NANOBTC has shown some strength in recent days, breaking out from a descending wedge. The recent impulses over the last couple of days suggest a new broadening wedge (blue) but I believe this to be unlikely to hold for a few reasons: Nano has failed to hold on to any gains following the two recent impulses Other alts may outcompete nano in the short...