NANO/BTC on the path of reclaiming old glory
On the daily we have a break in market structure to the upside and a proper .705 retrace that we should have been looking for (to the pip actually).
On the 4H timeframe we also have some higher lows and a repeated effort against the resistance zone which is exhausting the sellers.
The strategy is that once we finally break above that resistance, buy on the retrace because that resistance zone should then act as support.
This might be a longer trade and it depends on BTC to be stable or bullish to fully work but it may be possible that NANO will aim at that 90k - 100k target during the next months if all the stars align.
And lastly, I wouldn't like a prolonged period in the DANGER ZONE and falling below it would definitely delay this bullrun for a while.
Also worth noting is that if you take the fibs from the all time low to the top of that daily order block I outlined as the goal for now, the top of the last impulse wave up falls right on the 0.5 level.
This isn't a conventional way of determining targets but it's just some additional confluence for me.
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