NANO or yeah no?
Bollinger Bands
Bands are tightening indicating price is in an accumulation zone
StochasticRSI
Between the 11-12th NANO price was very low on StochRSI. A bullish uptrend began. RSI topped out at 80 and began descending. Has room to fall.
Chart patterns
There is a falling wedge pattern forming. Potential break to the upside.
Fibonacci Retracement
Price is at the .236 level. If it breaks to the upside of the wedge the price has room to move.
Psychological resistance(purple)
Psych resistance aligns almost perfectly with fib which tells me other traders have been using fib retracements to trade NANO.
Watch for increasing bullish volume and and for the price to move to the upside of the wedge. Price has room to fall if it does not break up.
Bands are tightening indicating price is in an accumulation zone
StochasticRSI
Between the 11-12th NANO price was very low on StochRSI. A bullish uptrend began. RSI topped out at 80 and began descending. Has room to fall.
Chart patterns
There is a falling wedge pattern forming. Potential break to the upside.
Fibonacci Retracement
Price is at the .236 level. If it breaks to the upside of the wedge the price has room to move.
Psychological resistance(purple)
Psych resistance aligns almost perfectly with fib which tells me other traders have been using fib retracements to trade NANO.
Watch for increasing bullish volume and and for the price to move to the upside of the wedge. Price has room to fall if it does not break up.
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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.
Join The Spekre ACS Creator Pool and gain access to exclusive trading indicators, copy trading, exclusive content, and more tools in the future! Link: hub.accessprotocol.co/creators/J8TpW6cypxheFUYjWn4mxS6ExvBEMxyMiRvrf43Nhnvy
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.