Long
NANO/USDT Analysis, BOTH Bullish/Bearish case
Bullish and Bearish possibilities here for NANO/USDT on 3H time frame.
Overall Macro view - Bullish, lots of upside potential for this crypto underdog.
Micro-bullish case holds as long as we stay above $2.74.
- While I don't like that price broke through the median line of the upwards sloping channel, as long as we don't break the lower boundary, we can feel confident that the micro MM setups will take us higher for bigger MM setups to occur.
Micro-bearish potential remains as long as we are below $4.147.
- I am not shorting or selling, but with how the bearish correction channels are being respected and the potential entries are confluent with Price Action, the probabilities are starting to stack.
- I am absolutely being extra cautious of downside potential by using tight initial stops and Trailing stop losses.
Overall Macro view - Bullish, lots of upside potential for this crypto underdog.
Micro-bullish case holds as long as we stay above $2.74.
- While I don't like that price broke through the median line of the upwards sloping channel, as long as we don't break the lower boundary, we can feel confident that the micro MM setups will take us higher for bigger MM setups to occur.
Micro-bearish potential remains as long as we are below $4.147.
- I am not shorting or selling, but with how the bearish correction channels are being respected and the potential entries are confluent with Price Action, the probabilities are starting to stack.
- I am absolutely being extra cautious of downside potential by using tight initial stops and Trailing stop losses.
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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.