Nano bullish wedge after a bearish break out
This one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :)
On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment.
So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago.
Please don't forget to like if you appreciate this :)
The XRP analysis i talked about:
On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment.
So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago.
Please don't forget to like if you appreciate this :)
The XRP analysis i talked about:
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