NANO Moving in Upward Channel.
Updated
Hey, I am back with another Idea.
This time on NANO.
NANO went up 130% wtihin past 10 days, sure it did 130%, ye it has correct but it will be more, at least 50%..
no, not in this case.
Nano did Elliott Wawe (175%) followed by (35%) ABC correction, meaning its corrected and ready to go again.
Nano has found Upward channel in which are we right now coming into a good buy zone, if we go below 50MA or the Trend Channel dont trade.
So ideal would be bouncing from the MA and trend whose are at the same level and then break heavy ressistance at 15 330 sat.
Okay, so there are 3 possibiliets of the price action.
A - Easily broken resistance at 15 330 aiming for the top of channel, touching it, consolidate a bit a then possible breakout.
B - NANO will stay in its channel.
C - We may retrace to Strong support area if we wont have many buyers and lot of sells.
Indicators - BB getting tighter.
RSI - We can see small sells and nice buys, good RSI, if we fall below 43 its a bad sign.
FIBB - Good zone.
I guess that´s all, If you liked od dissliked this chart, let me know down bellow, Thanks.
This time on NANO.
NANO went up 130% wtihin past 10 days, sure it did 130%, ye it has correct but it will be more, at least 50%..
no, not in this case.
Nano did Elliott Wawe (175%) followed by (35%) ABC correction, meaning its corrected and ready to go again.
Nano has found Upward channel in which are we right now coming into a good buy zone, if we go below 50MA or the Trend Channel dont trade.
So ideal would be bouncing from the MA and trend whose are at the same level and then break heavy ressistance at 15 330 sat.
Okay, so there are 3 possibiliets of the price action.
A - Easily broken resistance at 15 330 aiming for the top of channel, touching it, consolidate a bit a then possible breakout.
B - NANO will stay in its channel.
C - We may retrace to Strong support area if we wont have many buyers and lot of sells.
Indicators - BB getting tighter.
RSI - We can see small sells and nice buys, good RSI, if we fall below 43 its a bad sign.
FIBB - Good zone.
I guess that´s all, If you liked od dissliked this chart, let me know down bellow, Thanks.
Note
Note
Note
Note
Note
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.