NANO/BTC - Retest of 10k area ( potential short term uptrend )
Updated
There is a potential short-term uptrend on NANO/BTC pair. A bounce at the 0.5 fib level support will create divergence on the oscillators favoring some short term gains.
The main trend is still down though. It has to complete the correction, before the upcoming massive 3rd wave up.
The main trend is still down though. It has to complete the correction, before the upcoming massive 3rd wave up.
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Wave 4 target might be slightly lower, or higher if it bounces here ( which i dont see it for now)Comment
Nano bounced on the 0.5 and its on its way for the 4th way up. As i said in the comment below and my Bitcoin idea, long wicks on flash crashes show where the local high/low is ( slightly higher/lower than the wick)Comment
A done, going down for B and will join Bitcoin on their last wave up. Needs at least 1:1 for the target to hit, else it will fall short at 0.618 .Comment
Nano is more resilient than Bitcoin, but it doesnt look that it has the strength to go up. Double top for .618, fibs 1 and 1.236 inside the box.Comment
Well NANO didnt make it, It may have a bounce here since its approaching oversold levels and this was also a potential pivot for the 3rd mini wave. No sings of reversal yet. Comment
no signs*Trade closed: target reached
First target. Watch out for a drop on the second target @9k.Comment
Nano is more impulsive than anything else i have seen. Broke RSI resistance, extended 3rd and should double top or aim slightly higher before a pullback.I think its a clear reversal here.
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Great run but needs to cool off, judging by its bullish-ness it shouldn't retrace more than 50%.Comment
Nano was looking very promising, unfortunately its going for an extended correction.Next potential reversal areas 7.4k and 6k sats.
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NANO is similar to XLM, but its more obvious here that its gonna have another dive.Elite group of knife-catchers are gathering around 7.3k sats.
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Charlie Lee's shilling coin is almost there. Hang on !Trade closed: target reached
Z target reached. It doesnt look impulsive yet, so it MAY drop slightly lower than 7k sats.Comment
Alternate count on this. Beware of a last (?) drop to 7k +-200 sats.Comment
It seems like this count works better for NANO. 0.92 retracement, 1.618 for C, falling wedge (ending diagonal), pitchfork mid line. Its screaming buy me, if this is not a dead project. Also, the deeper it corrects, the higher it bounces.Potential top performer for Spring/Summer ?
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Oh! Forgot the most important ones, Charlie Lee's shilling coin and an algo target at 6.8 or 6.7 (ok maybe at 6.4 depending on the wicks).Comment
Last update here.NANO seems impulsive, bullish confirmation on the line. It will get there eventually and get denied, but it will break through later on.
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