Get started

NANO

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
NANO Might Retest Some Nasty Lows Against BitcoinUpdate from my previous NANO chart. The uptrend was broken, which was a sell signal. Based on what's happening with other alts, I wouldn't be surprised at all if NANO broke the 2000 support and retested some of the low areas it hasn't seen since last August. I think if the 2100 area falls, we could easily drop towards 1800, to potentially find support at the previously broken wedge resistance. If we can't bounce there, a retest of the 1200-1300 low (or making new lows) is possible as well. I guess we'll see how buyers react. So far, altcoin buyers have completely fled the scene. I'd like them to prove me wrong here. This is not financial advice. Just an update. Doesn't have to play out. NANO may continue to find support up here, but such a strong level could produce a powerful breakdown. It still has major USD support between $0.75 and $1.00. -Victor Cobra
NShort
by VictorCobra