NANO 1H! Money at the end of the trend?
Updated
Hey guys, im back with new NANO update so lets get directly into it
I have been loving nano for awhile after her tanking btc drop few times, seems like an optional alternative when btc is down, still it wont be always like that, nano still got affected by btc movement
so lets start directly dive into the chart shall we? i will try to break it down as far as i could be
by looking at the charts(1h timeframe), we can see that nano is forming falling wedge continuation pattern. while its still early, im seeing opportunity to do a swing play on this, on the early stage, im expecting it to go down first because its breaking down its bilateral pattern, and macd is curled down
blue dot line is the length of the neck, so its kinda the sell target IF IT DOES breakout
i stacked the fib, one from the candles, one from the wicks to clearly see the golden ratio zone and i put the bar patterns of my predicition based on their old moved. and the red horizontal line is the Resistance Line
Lets see how it goes first, i'll update again later
Trade safely out there cryptobrosis! Thanks for the support! I cant appreciate enough who come and see my chartwork and followed me, sometimes i deliberately post different things only to show a different perspective, i know im not as good as d4(but hey people learning right?)
I have been loving nano for awhile after her tanking btc drop few times, seems like an optional alternative when btc is down, still it wont be always like that, nano still got affected by btc movement
so lets start directly dive into the chart shall we? i will try to break it down as far as i could be
by looking at the charts(1h timeframe), we can see that nano is forming falling wedge continuation pattern. while its still early, im seeing opportunity to do a swing play on this, on the early stage, im expecting it to go down first because its breaking down its bilateral pattern, and macd is curled down
blue dot line is the length of the neck, so its kinda the sell target IF IT DOES breakout
i stacked the fib, one from the candles, one from the wicks to clearly see the golden ratio zone and i put the bar patterns of my predicition based on their old moved. and the red horizontal line is the Resistance Line
Lets see how it goes first, i'll update again later
Trade safely out there cryptobrosis! Thanks for the support! I cant appreciate enough who come and see my chartwork and followed me, sometimes i deliberately post different things only to show a different perspective, i know im not as good as d4(but hey people learning right?)
Note
Ghost feed failed to comply, BUT if we see on the btc charts on how it it goes and with current nano price, im still expeting it to bounce at the greenzoneNote
Will update this chart on 16-17 march for future possible strategie
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.