Long
Is Nano, NANOBTC Ready for Another Run?
After a nice run yesterday, NANOBTC has consolidated and found support around 0.0009250.
This point recently has been a very good support/resistance area for NANOBTC and interestingly which also happens to be at or around the 0.618 fib retracement level.
With this clear support and consolidation, we now have a flag/triangle pattern and now heading to its Apex.
The only thing that's missing right now is some good Nano/crypto news and volume for NANOBTC to make another run.
If you want to trade Nano as a day trade, look for a flag/triangle break.
Trade Instructions
Entry Point:
Break of flag, preferably above 12 and 50 ema
Profit Target(s):
1. 0.0010243
2. 0.0010559
3. 0.0010868
4. 0.0011163
Stop Loss:
0.0009118
Leave a comment if you have any questions.
And until next time, good luck with your trading!
This point recently has been a very good support/resistance area for NANOBTC and interestingly which also happens to be at or around the 0.618 fib retracement level.
With this clear support and consolidation, we now have a flag/triangle pattern and now heading to its Apex.
The only thing that's missing right now is some good Nano/crypto news and volume for NANOBTC to make another run.
If you want to trade Nano as a day trade, look for a flag/triangle break.
Trade Instructions
Entry Point:
Break of flag, preferably above 12 and 50 ema
Profit Target(s):
1. 0.0010243
2. 0.0010559
3. 0.0010868
4. 0.0011163
Stop Loss:
0.0009118
Leave a comment if you have any questions.
And until next time, good luck with your trading!
Trade active
Trade is still active and if you haven't caught and profited from the previous breakout, you can try to catch the possible next breakout in the making: The support line is now changed to an upward trendline with higher lows. Prices and indicators are curling up at the moment and reaching close to the Apex.
Look for an entry when the flag breaks to the upside again. You can use the same profit targets given above but change your stop loss to 0.0009369.
Be aware that the market is still volatile so don't forget to take (partial) profits while you can and use proper risk management.
Until next time, good luck with your trading.
Trade closed: target reached
I close this trade cause it was meant to be a day trade or a very short overnight trade, two targets are already and the pattern has changed. Congrats to the ones who have taken en profit from the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.