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NANO

NANO : A Quick Profits Opportunity For The Short Term.#Accumulation_Recomendation Pair : #NANO / #BTC Platform : #Binance RSI : 37.8 Volume : A fair amount of volume circulating on the 1D chart. **Note : Falling wedge triangle pattern formed and already broken out by the past 2 days and trying to form a reversal move by the current candle. We might see some more down ward retrace levels which will be even a good thing to see a stronger reversal trend but need to be above the resistance of the falling wedge which can be taken as a temporary support level. MACD looks to be in favor of the bulls for now and RSI is at a neutral movement but surely will be in a bullish state if volume continues its current momentum. EMA is also on the way to be below the price and for sure will continue to be moving in the current direction if volume made some change and make a boost on the upward movement. Current Accumulation Area : 1650 sats - 1675 sats Distribution Targets Short Term : Target 1 : 1764 sats Target 2 : 1841 sats Target 3 : 1903 sats Target 4 : 1964 sats Target 5 : 2052 sats Target 6 : 2164 sats+ Stop Loss : 1600 sats Risk : High Capital Allocation : 5%
NLong
by cryptotalk_et
Nano bullish wedge after a bearish break outThis one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :) On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment. So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago. Please don't forget to like if you appreciate this :) The XRP analysis i talked about:
N
by botje11
8
A trading opportunity to buy in PPCBTCTechnical analysis: . Nano/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.006400 to 0.005740). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.006400) Ending of entry zone (0.005740) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.007360 TP2= @ 0.007900 TP3= @ 0.008830 TP4= @ 0.009760 TP5= @ 0.010390 TP6= @ 0.010960 TP7= @ 0.011720 TP8= @ 0.013660 TP9= Free
NLong
by ForecastCity
2
A trading opportunity to buy in PPCBTCTechnical analysis: . Nano/Ethereum is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.006400 to 0.005740). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.006400) Ending of entry zone (0.005740) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.007360 TP2= @ 0.007900 TP3= @ 0.008830 TP4= @ 0.009760 TP5= @ 0.010390 TP6= @ 0.010960 TP7= @ 0.011720 TP8= @ 0.013660 TP9= Free
NLong
by ForecastCity
2