NANO - last hope - dark night before the blaze of morning lightNANO - last hope - dark night before the blaze of morning light
All ye of the nano legion gather here. Drink this hopium. Drink deep.
Salvation and glory are near.
Nanoanalysis
NANO UsdtBefore that, a harmonic pattern has been formed. Then we see that he draws Head and Shoulders. It also completes the right shoulder with an ascending triangle.
In volume candles, the volumes have decreased in accordance with the right shoulder rule.I think a jump can be seen at any moment.
I think the triangle top line is a suitable target for entry. The first TP target will be the triangle depth. I think it will pullback by encountering a resistance there.
Then, it will reach the previous supply zone as much as the previous harmonic pattern target and head depth that I specified.
NOT: This is not investment advice.
NANOUSDT CwH | Expecting Breakout and 148% Move AheadEducational Purpose Only
NANOUSDT Cup & Handle Formation | Expecting Breakout and 148% Move Ahead
NANOUSDT has made ATH at 17.690 and then went into a long bear drop. Now NANO is trying to break the cup and handle and I am expecting a bull rally from 7.087.
NOTE: Enter if and only if the setup is validated. Do not use more than 20% risk of your account. Spot trading only.
Buying Zone: 6.740 - 7.087
TP1: 8.3039
TP2: 9.4616
TP3: 11.4872
TP4: 13.6859
TP5: 15.9550
Final Target: 17.6521
SL: 5.453
Net ROI: 148.71%
ROT(Risk on trafe): 23%
Nano in a symmetric triangleHello guys
As you can see, it is in a symmetrical triangle. If we see the break of the downtrend line, we should expect to climb as much as the base of the triangle, but the first target will be its peak.
We have to wait for the break of the downtrend line and the stabilization of its high price.
Nano cup & handle + symmetrical triangleEverything mentioned on chart no details needed more
Thanks 👍
NANO - Summer Updates vol IISince the entry at the beginning of the month returning to the $ 1 level, apparently today the price rises to the Fibonacci resistance marked as level 1, around $ 1.23. In a daily view we see that the RSI is in an almost perfect point to break this resistance again if we find enough buying power.
In a weekly view, we appreciate the importance of it having already surpassed the MA 100, giving us four weeks of positive growth. For the price action to stay on our side we should at least break past the latest highs which are around $ 1.35- $ 1.40 which is also a major resistance in the past year.
We do not pose prices in a bearish scenario because they are more than obvious and already well defined in the Fibonacci retracement.
NANO is currently at # 77 on the coinmarketcap list. Interesting option for us given the total circulating supply and the characteristics it has:
About Nano from coinmarketcap.com
Launched in 2015, Nano describes itself as an open source, sustainable, and secure next-generation digital currency focused on removing perceived inefficiencies present in existing cryptocurrencies. Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast and fee-less network that is open and accessible to everyone.
Nano is reportedly able to offer fast and feeless transactions due to the Block Lattice - a data structure in which all accounts each have their own blockchain, rather than competing with others on a central chain. Consensus is generated through representative voting, where accounts can freely choose their representative at any time with an update of their account chain, thereby providing more control for users to decide who validates transactions.
Each component of the protocol was created with the long term goals of decentralization and accessibility in mind. By creating a system where representatives are not paid to operate, the incentive to participate in the network is shifted to indirect, operational cost savings. The team claims that this change in incentive model is more efficient and removes one of the factors driving centralization in other systems because participants are not encouraged to interact beyond their direct needs and supporting the network, and thus economies of scale become less critical.
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We hope this will continue in some way until the next market correction ...
Have a nice week!
Nano (formerly RaiBlocks) (XRB)
Previously known as RaiBlocks, Nano is a coin focused on tackling the problem of scalability. As described in their whitepaper, this coin has near-instant transactions with very low fees. They operate with the motto of “do one thing and do it well”. Their goal is to give users a level of performance and scalability that is unmatched by any other platform.
Nano achieves this with a unique programming structure where each account has its own unique blockchain. This allows each chain to update asynchronously to the network which results in fast transactions and minimal overhead.
News Source: TheCoinRepublic
