NanoShort
Patience pays off (update 2)
The NANO (XNO) chart has formed an interesting structure. The exit from a bearish flag has turned into another bearish flag (pennant). This is not a good sign for the bulls and we can expect more downward move. However, as I have already mentioned in my previous two analyses, in my opinion this will be the last drastic decline. After this, I think we can expect the price to slowly head upwards.
The above analysis is my personal opinion and should not be treated as financial advice.
The above analysis is my personal opinion and should not be treated as financial advice.
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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.