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NANO

Nano Price Analysis NANO / USD: Healing Its WoundsNano / USD Short-term price analysis Nano has a bullish short-term trading bias, with the cryptocurrency now trading back above key technical resistance on the four-hour time frame. The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed, following a bullish breakout from a neutral triangle pattern. Technical indicators on the four-hour time frame remain bullish, although they are starting to appear overstretched. Pattern Watch Traders should note that the NANO / USD pair could soar in value if the inverted head and shoulders pattern across the four-hour time frame is triggered. Relative Strength Index The Relative Strength indicator is bullish on the four-hour time frame, although it is now starting to correct from overbought conditions. MACD Indicator The MACD indicator on the four-hour time frame remains bullish and continues to generate a buy signal. Nano / USD Medium-term price analysis Nano has a bullish medium-term trading bias, with the NANO / USD pair recovering back above its trend defining 200-day moving average. The daily time frame shows that the cryptocurrency is attempting to stage a major recovery, with price now trading back above the neckline of a large head and shoulders pattern. Technical indicators on the daily time frame are also bullish and continue to issue a buy signal. NANO / USD Daily Chart by TradingView Pattern Watch Traders should note that the head and shoulders pattern on the daily time frame remain valid and has yet to reach its overall bearish target. Relative Strength Index The RSI indicator on the daily time frame is bullish and is now issuing a strong buy signal. MACD Indicator The MACD indicator on the daily time frame is bullish and continues to generate a buy signal. Conclusion Nano has staged a strong upside recovery, with the recently created bullish pattern on the four-hour time frame changing the technical dynamics in the short-term. If bulls can continue to hold the NANO / USD pair above key support on the daily time frame, the cryptocurrency may soon make a move to invalidate the bearish head and shoulders pattern.
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by CryptoBriefingTA
Nano Price Analysis NANO / USD: Evolving From Bear To BullFundamental Analysis Nano has been getting some respite from the downtrend after the project released the latest version of its node software Solidus, last week. The update brings a broad range of improvements to the network. It provides added security, efficiency and makes it easier for services to integrate Nano. All these factors should have a positive effect on the adoption of the Nano’s network. Nano / USD Short-term price analysis Nano has a bearish short-term trading bias, with the cryptocurrency struggling to move back above key resistance on the four-hour time frame. The four-hour time frame shows that the NANO / USD pair has suffered a strong technical rejection after bulls tested back towards the neckline of a large head and shoulders pattern. Technical indicators on the four-hour time frame have turned bullish and are continuing to generate a buy signal. Pattern Watch Traders should note that the head and shoulders pattern across the four-hour time frame has yet to reach its overall bearish downside target. Relative Strength Index The Relative Strength Index is bullish on four-hour time frame and still shows scope for further upside. MACD Indicator The MACD indicator on the four-hour time frame remains bullish and is generating a buy signal. Nano / USD Medium-term price analysis Nano has a neutral medium-term outlook, with the NANO / USD pair still consolidating around its trend defining 200-day moving. The daily time frame is showing that the cryptocurrency is trapped within a large falling wedge pattern, with NANO / USD bulls repeatedly failing to break above the top of the bullish pattern. Technical indicators on the daily time frame are bearish and continue to issue sell signals. NANO / USD Daily Chart by TradingView Pattern Watch Traders should note that the line of least resistance is currently to the downside, following multiple technical rejections from the top of the falling wedge pattern. Relative Strength Index The RSI indicator on the daily time frame is also bearish, although it is now attempting to correct from oversold conditions. MACD Indicator The MACD indicator on the daily time frame remains bearish and is still generating a sell signal. Conclusion Nano bulls will need to move price above the neckline of the head and shoulders pattern in the near-term or the cryptocurrency is at risk of further substantial losses. Sustained weakness below the NANO / USD pair’s key 200-day moving average may result in a technical test of the falling wedge patterns lower trendline.
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by CryptoBriefingTA
[NANOBTC](80%) Hits Double Bottom, Trade Signal InsideNANO (NANOBTC) Just hit strong support marking a double bottom on Binance. The RSI is oversold and the MACD is moving higher while prices move lower, bullish divergence. Let's trade NANO for profits... ------- Pair: NANO (NANOBTC) BUY: 0.0001320 - 0.0001420 TARGET: (1) 0.0001620 (2) 0.0001830 (3) 0.0001970 (4) 0.0002150 (5) 0.0002360 (6) 0.0002500 PROFITS POTENTIAL: 80% (Buy calculated at 0.0001390) STOP: Close weekly below 0.0001200. ------ Thanks a lot for reading. Feel free to hit like to show your support. This is Alan Masters. Namaste.
NLong
by MasterAnanda
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