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NANO

NANO finally breaks out, but is the market ready? For a change, I'm going to do an overall crypto market analysis on the NANOBTC chart, since I know a bunch of people were appreciating my updates on this pairing. This market has gotten me pretty exhausted, which is why I haven't posted too many new charts recently. I'm trying to focus on other things at the moment. However, there are some really interesting things going on that I would like to point out. First of all, I speculated back in November that the EARLIEST we'd see the bull market return would be late January/early February. We are now entering late January. I also said this was when NANO was likely to break out. This is because I believe the last bull cycle matches up best with Bitcoin's 2011 bubble (in terms of severity for many altcoins). For those that don't remember, Bitcoin crashed from $30 to $2 (a 93.3% decline). The time it took to recover is equivalent to the time between the peak of the 2017 bull market and around now. History doesn't have to repeat itself, but often certain lengths of time do play into our psychology. Right now though, the market looks very mixed, if somewhat bearish. Reversals can happen extremely quickly, but Bitcoin in particular isn't showing any real positive signs. This means that I may have been wrong, and that the market is actually in the process of dying. Here are some observations (both positive and negative): Positive observations: 1) Many alts have held support, and have even shown signs of accumulation, well above their November-December bottoms. Some are even beginning new bullish cycles (TRX, WAVES, STRAT, GVT, possibly NANO, etc.). 2) Bitcoin has broken out from a major downtrend resistance line on the Coinbase chart and has been testing it as support the last few days. www.tradingview.com 3) Bitcoin's weekly RSI is looking very bottomy. 4) NANO has made its first higher high since being trapped in a long consolidation period dating back to October. I use NANO as a market sentiment indicator, because to me it signifies advancement in this space, and the people who are into cryptocurrencies see it as a major potential alternative to Bitcoin. Not that it will necessarily challenge Bitcoin's market cap eventually, but speculators see it this way, which is why it has remained bullish. It already had a clear capitulation bottom in August and recently retested its $0.75 low without breaking down in Bitcoin value. Negative observations: 1) Bitcoin has failed at its Bitfinex resistance line over and over again. This line is extremely steep, and it has many touches on the daily, and even weekly charts. It connects the ATH, the Tether pump, the November Dump, and our most recent big green candle that got rejected. 2) Alts are pumping, yes, but that's because there is a very small amount of money in this market. Only a small amount of capital is required to push up low cap coins (like GVT, for example). If you notice, the only top 10 alt to have a sustained run since November is TRX. Everything else looks weak, particularly XLM. Big investors have left and have seemingly no intention of buying at these prices. 3) The RSI on the alts that have pumped is way overheated, which indicates that it has taken too much buying pressure to support those prices, which means they aren't sustainable. This is just my impression though. It might not be an accurate interpretation of the data. 4) We've been seeing a lot of "fake" moves. Price will blast above resistance, only to come crashing down. Or price will break down below support, only to rally back up. This is characteristic of a market that has no direction. There have been a lot of stop hunts as well. I don't really think that indicates anything positive though, because I think the people are accumulating are doing so in order to control and destroy the market. These negative observations lead me to believe that the market is actually CONTINUING to weaken. This means that I wouldn't be surprised if NANO actually retraced this entire pump and slid back down to support or new lows. If we do happen to decouple and move up, the bullish targets are in red on my chart. As you can see with this analysis, things are very mixed. When things are mixed in a bear market, it usually means a selloff is upon us. I'm fully expecting new lows for the market at this point. Best case scenario, I think we see a capitulation wick sometime over the next few weeks. Perhaps I'm wrong (I was wrong about Bitcoin holding 6K but I was right about NANO holding $0.75....go figure). Another possibility is that Bitcoin simply dies out, while some strong altcoins take its place. This would explain the bearish momentum with Bitcoin but the beginnings of a bull market for alts. The top contenders I saw for this were XRP and XLM. They have both remained suspiciously stagnant (and low) for a while. A big surprise would be to see them shoot up in Bitcoin value out of nowhere. It is also possible that my negative view is just the emotional symptoms of the bear market. Maybe since I'm feeling so bearish, we really have bottomed. Overall, I think in my analyses, I've been more accurate than inaccurate, but I've made some bad calls that I'm not proud of as well. It's all part of my learning process, but I'm on the verge of really giving up now. I'll have to anyway, since my life is moving on. This is not a trade setup or a recommendation to buy or sell. Here's my previous NANOBTC analysis for reference: -Victor Cobra
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by VictorCobra
5
A trading opportunity to buy in NANOETHTechnical analysis: . NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 65. . 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 (0.007700 to 0.007200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.007700) Ending of entry zone (0.007200) 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= @ 0.008300 TP2= @ 0.008750 TP3= @ 0.009510 TP4= @ 0.010390 TP5= @ 0.010960 TP6= @ 0.011720 TP7= @ 0.013660 TP8= @ 0.016430 TP9= @ 0.019970 TP10= Free
NLong
by ForecastCity
Have we reached the floor for NANO!?! i would say YES!Hi Friends! Thanks for your support and hope everyone is making good profits in the markets today!!! Make sure to like and follow as i provide you with all the breakout coins! As a lot of my followers know my technical analysis yesterday on WAVES played out SPOT ON as we expected. The new coin for us today is going to be NANO! This coin has experienced a nice influx in volume over the following 24hrs. Currrently trading at 2717 with 1017 BTC volume on the 24 hr for Binance. Lets get to the technical aspect of this coin. We can see we have resistance at 3700 to the low 4000 which will be KEY for NANO to break above in order to follow my MIRROR pattern above in the chart. Overall looks like a good entry with SOLID support in the 2200's range. Lets keep a close eye on the INFLUX of volume. Also if you want more ACTIVE UPDATES on some of you favorite altcoins then make sure to join my DISCORD community LINK is below! Thanks, LiquidMEX DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
NLong
by SolStackz
NANO : 150% profits Insight in the Mid term.-Critical area to confirm where NANO will be heading next. -RSI at around 50. -Volume needs to be up to see a confirmation. -EMA50 and EMA89 need still come below the price. -Falling wedge pattern already created but needs a close above the first resistance level to confirm an Elliott wave creation. Accumulation Zone : 2250 sats to 2500 sats Distribution Target Short Term: Target 1 : 2654 sats Target 2 : 2778 sats Target 3 : 2903 sats Target 4 : 3062 sats Target 5 : 3305 sats Mid to Long Term : Target 1 : 3045 sats Target 2 : 3542 sats Target 3 : 3944 sats Target 4 : 4346 sats Target 5 : 4919 sats Target 6 : 5648 sats Stop Loss : 1500 sats For mid term. Short term targets expected to be achieved in upto 15 to 20 days. Mid/Long term targets expected to be achieved in upto 45 to 65 days. Remember to drop your LIKES and press the FOLLOW button if you are interested by our forecast and be free to DISLIKE the post or right your COMMENT if you not convinced by the forecast. Thank you for your time to read our posts anyways. With Regards. Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA. You can give us your feed backs and suggestions on our effort in addition to this your questions here in trading view or in our telegram channel by the same name togetherweaccumulate.
NLong
by cryptotalk_et
Inverse H&S Forming On NANOUSDHey everybody. Most cryptos are currently making an inverse head and shoulders pattern on the daily timeframe. Here I'm analyzing NANOUSD but I'll probably do a similar analysis on a more popular pair. If you have a suggestion let me know. A head and shoulders pattern is an indication of a trend reversal. Here on NANOUSD you can see that the chart was making lower-lows, but on Dec 27 we made a bottom and failed to go lower than the previous bottom which was on Dec 15. This could be the first higher-low, and could indicate that Dec 15 was a long-term bottom. Take note that there is major resistance above the neckline which could be one reason to avoid trading this. Personally I think that the inverse H&S could provide a lot of rocket fuel to break out of the descending wedge, which would lead to more buying and possibly a test of the 100 and 200 SMA. To me this seems like a good setup to break past resistance and reverse the trend. You could trade this a few different ways. But whatever you do please make sure that your potential percentage gains are greater than your potential percentage losses. That's all for now. I'm personally not planning on trading this, but I'll be watching to see how it plays out. Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imaging different scenarios that could happen. Enjoy! If you appreciate the insight, let me know by leaving a thumbs up and following me. Cheers!
NLong
by Nitra_Bots
Despite Selloff, NANO Remains Bullish Against Bitcoin Time for a NANOBTC update! My previous Nano analysis was on the USD pairing. Decided to do this next one on the NANOBTC chart. What's interesting about this pairing is that NANO is still more than 100% up on its Bitcoin ratio since August. I had a feeling that NANO would not drop much against Bitcoin, even if it dropped to the 3K-4K area. The reason for this is that unlike most cryptos, NANOBTC actually showed a strong reversal back in August, and has since maintained its new support in the 2500-2600 area. I did say in my last analysis that worst case scenario, I'd expect NANOBTC to test the low 2000 area (which has already happened since the selloff). We successfully tested those levels and are already back near previous strong support. This is pretty bullish. Now things are getting more interesting. I've speculated recently that the earliest the bear market could end would be early 2019 (late January, in particular). This happens to align with Bakkt, as well as the completion of NANOBTC's potential adam & eve double bottom (green line on my chart). HOWEVER, we are approaching a big descending resistance (in pink), and if the market continues to look weak, we could drop back down to lower supports, and test the USD lows of $0.75. Based on my earlier analysis, I think it's pretty unlikely that we go below $0.75, as buying strength in that zone is ENORMOUS. However, we can't rule it out if Bitcoin decides to test below 3K. The NANOUSD chart doesn't look nearly as good, but it also has a decent chance for a double bottom (although more extreme). My bias is long right now (added a small amount in the current $1-$1.10 support), but of course we can fail at resistance. Based on what seems like bullish accumulation in this area, I think it is more likely that we break out, but what do I know? We'd need to get above 2650 and 2700 for starters. After that, 3000 would be the next target for NANO. I would then expect the new rounded bottom to complete, and the entire crypto bear market to reverse along with it. I see NANO as a major gauge of investor sentiment for this space, since it's one of the more hyped coins in the market, due to its advantages over Bitcoin and new speculators betting on it to gather a bigger share of the crypto market as adoption accelerates. There is a case to be made for a multi-year bear market. In this case, my idea will be invalidated. Support: 2200 2400 2500 Resistance: 2650 2700 3000 3400 4000 5600 6000 This is not a recommendation to buy or sell, nor am I a professional financial advisor. -Victor Cobra Previous NANO analysis:
NLong
by VictorCobra
12
NANO outside of long term resistance...Will it hold?It all depends on what the big dog does but if BTC can at least consolodate around these levels, Nano has a good chance to breakout. There's plenty of "whales" who ride the Nano rocket when it's time and that's the question; Is it time? Nano has touched the upper trendline so many times it has to have some serious cracks in it. For the fastest blockchain and with zero fees, I don't see why Nano can't at least get back to it's ATH of $38 upon the next bull run (coming soon IMO) on sale now at $1.08
NLong
by yankecwby
There is a probability for resumption of the uptrend in NANOETHTechnical analysis: . NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 49. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trade Setup: We opened 8 BUY trade(s) @ 0.008663 (day close price) based on a reversal candle ( Valley ) at 11.20.2018 . Beginning of entry zone (0.007880) Ending of entry zone (0.007360) 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= @ 0.009510 TP2= @ 0.010390 TP3= @ 0.010960 TP4= @ 0.011720 TP5= @ 0.013660 TP6= @ 0.016430 TP7= @ 0.019970 TP8= Free
NLong
by ForecastCity
There is a probability for resumption of the uptrend in NANOETHTechnical analysis: . NANO/ETHEREUM is in a range bound and the resumption of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 49. . While the price downtrend in the daily chart is not broken, bearish wave in price would continue. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trade Setup: We opened 8 BUY trade(s) @ 0.008663 (day close price) based on a reversal candle ( Valley ) at 11.20.2018 . Beginning of entry zone (0.007880) Ending of entry zone (0.007360) 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= @ 0.009510 TP2= @ 0.010390 TP3= @ 0.010960 TP4= @ 0.011720 TP5= @ 0.013660 TP6= @ 0.016430 TP7= @ 0.019970 TP8= Free
NLong
by ForecastCity
2