Short
NANO Bullish after Bearish episode, pending imminent flag break
Updated
NANO Bitcoin 30 minute candles (left chart) and 6 hour candles (right chart)
Quick update on my NANO charts from last week. In the last two days NANO (unfortunately) reached both my downward targets: 115 and 100k satoshi. The Bitcoin dip probably accelerated the descend. However NANO bounced up bravely from 100 satoshi and has been bullish since. Right now NANO is flagging and testing support at 128k.
Be extra cautious while trading as Bitcoin is still very volatile, make sure to monitor BTCUSD as well, you can find my latest Bitcoin analysis and live chart here:
You can use this chart analysis to assist you in trading, to help you identify trading patterns, trend lines , support and resistance zones you can monitor for breaks.
Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets. You should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on.
Be extra cautious during these times of Bitcoin volatility , where BTCUSD fluctuations can easily disrupt trends of other coins. Monitor your investment and set alerts and stop loss orders in place.
If you like my analysis an up vote is very much appreciated!
Happy Trading! ~ CryptoJC
Quick update on my NANO charts from last week. In the last two days NANO (unfortunately) reached both my downward targets: 115 and 100k satoshi. The Bitcoin dip probably accelerated the descend. However NANO bounced up bravely from 100 satoshi and has been bullish since. Right now NANO is flagging and testing support at 128k.
Be extra cautious while trading as Bitcoin is still very volatile, make sure to monitor BTCUSD as well, you can find my latest Bitcoin analysis and live chart here:
You can use this chart analysis to assist you in trading, to help you identify trading patterns, trend lines , support and resistance zones you can monitor for breaks.
Personally I only enter trades after I witness a break confirmation and set layered sells slightly below resistance targets. You should never invest solely upon reading my or another persons TA and always do your own research: explore news, social media, white papers, tech info and so on.
Be extra cautious during these times of Bitcoin volatility , where BTCUSD fluctuations can easily disrupt trends of other coins. Monitor your investment and set alerts and stop loss orders in place.
If you like my analysis an up vote is very much appreciated!
Happy Trading! ~ CryptoJC
Note
NANO BTC Update: the flag broke downwards whale facing extra pressure from Bitcoin volatility and reached my first Bearish target I set at 123k satoshi. Nano has been trending in a new flag/pennant ever since. All eyes ar still on Bitcoin right now, so its moves will certainly influence NANO heavily. I have updated the 30 minute chart with new bearish and bullish targets to look for when you see it break up or down:
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