Price analysis in NANOBUSD - Upward triangle formation
Technical analysis regarding the price of NANO in relation of dollar attached to Binance for the next scenarios, based on 4 hour movement.
There was a strong correction, causing the price to close further below its value. From 2,234 onwards it started to rise, leaving funds and ascending tops, making a graphical projection of an ascending triangle.
The price has accumulated and the chance to break this resistance, which has already occurred 3 touches, is a very good one, for the price to continue its upward trend (since the graphical formation of the ascending triangle is bullish and a continuation pattern).
Designing this channel based on mathematically (Fibonacci), which coincides with the maximum price top, in its impulse wave.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
There was a strong correction, causing the price to close further below its value. From 2,234 onwards it started to rise, leaving funds and ascending tops, making a graphical projection of an ascending triangle.
The price has accumulated and the chance to break this resistance, which has already occurred 3 touches, is a very good one, for the price to continue its upward trend (since the graphical formation of the ascending triangle is bullish and a continuation pattern).
Designing this channel based on mathematically (Fibonacci), which coincides with the maximum price top, in its impulse wave.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
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.