NANOBTC - When will it end? More resistance?
$BINANCE:NANOBTC has been taking a pounding, much worse than many other alts. NANO is still a top 45 coin on CoinMarketCap at the moment despite the continued bleed. Unlike many other alts, it didn't get a lot of relief this last week or so and is just now approaching its 50 day SMA, which is coincidentally a spot which had once serve as support as circled in the chart.
With Stochastic RSI turning down from oversold conditions, price approaching the 50 day SMA from below at a point that was once support we would be looking towards lower levels. It seems like NANO is overdue for some major relief, but it may not be happening yet.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
With Stochastic RSI turning down from oversold conditions, price approaching the 50 day SMA from below at a point that was once support we would be looking towards lower levels. It seems like NANO is overdue for some major relief, but it may not be happening yet.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
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.
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.