$NANO/BTC 3D (Binance Spot) Big falling wedge near breakout
Updated
Nano has formed a very bullish pattern and is sitting on 200MA support, we expect it to rally mid-term!
Formerly known as RaiBlocks (XRB), that Peer-to-Peer (P2P) cryptocurrency does not need fee for transaction, more info on nano.org/
Current Price= 0.0001097
Buy Entry= 0.0001090 - 0.0000971
Take Profit= 0.0001411 | 0.0002012 | 0.0002833
Stop Loss= 0.0000776
Risk/Reward= 1:1.5 | 1:3.87 | 1:7.1
Expected Profit= +36.99% | +95.34% | +175.05%
Possible Loss= -24.66%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 months
Formerly known as RaiBlocks (XRB), that Peer-to-Peer (P2P) cryptocurrency does not need fee for transaction, more info on nano.org/
Current Price= 0.0001097
Buy Entry= 0.0001090 - 0.0000971
Take Profit= 0.0001411 | 0.0002012 | 0.0002833
Stop Loss= 0.0000776
Risk/Reward= 1:1.5 | 1:3.87 | 1:7.1
Expected Profit= +36.99% | +95.34% | +175.05%
Possible Loss= -24.66%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 months
Trade active
All entries filledNano pulled back retesting 200MA support, let's see if it is able to bounce from it! 🤞🏼
Trade closed: stop reached
SL hit with -24.66% and -1RNano tried but was not capable of regaining 50MA & 200MA so it continued with the downtrend inside the wedge.
Will very likely breakout later anyway so better keep an eye on it, targets remain valid for mid/long-term!
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