XNOUSDT (Nano) Looks Ready To MoonHi guys, let's take a step back and walk through the price action of XNOUSDT (Nano) to see what it has in store for us.
We'll start the technical analysis of Nano (XNO) vs USDT from the monthly timeframe down to the 4-hourly to gain a broader perspective on its price action, allowing us to anticipate trends both in the long and short term.
Monthly Timeframe:
As seen in the chart above, we've had series of rejection and indecision candles since June 2024 down to November where we currently are. As we know, rejection and indecision candles alone don’t hold much weight, but they become significant when they occur in an area of interest, as we're seeing here. This is the third time this trendline has been tested, and it seems to be holding strong. The persistence of these rejection and indecision candles over the past five months might suggest that selling pressure is beginning to ease and buyers are starting to take interest.
Zooming in a bit further and marking the monthly lows and highs, it's obvious that we've been making series of HH (higher highs) and HL (higher lows).
Since the impulsive wave from October 2024 to March 2024 that led to break of previous monthly lower highs, it is expected to have correction since price does not move in a straight line but rather moves in impulse-corrective waves. Not only is correction healthy, it presents traders the opportunity to get in the prevailing trend at a discounted price.
With that said, what is the take away from the monthly timeframe? It looks like a good time to get in, and this is only my opinion which is based on the price action.
Now let's go down to the weekly timeframe to see what's happening.
Weekly Timeframe
On the weekly timeframe, we see a straightforward price action, a falling channel from which the price has recently broken out and a weekly HL (higher low) has just formed with a candle showing momentum. This could lead to a break of the current weekly LH (lower high) at 1.056 price level, which hasn't been tested since August 2024. For this break of structure to happen on the weekly timeframe, we’ll need to see a strong impulsive move breaking the weekly LH at the price of 1.056.
If we do not see price move into the weekly LH at 1.056 impulsively, then it means price is not ready to move just yet and only forming a bigger corrective wave.
Daily Timeframe
Now on the daily, the price breaking out of the falling channel is even clearer. Look at that nice looking impulsive move that led to break of structure coupled with where this price action is taking place makes it more interesting. Having broken the daily LH at 0.883 impulsively, and out of the channel, I would be looking for my entry signal in the corrective wave or what some will call a retest that would come after.
4 Hourly Timeframe
Same insight from the daily, will be looking for a more obvious corrective wave on the 4 hourly to start take a buy position.
That's all for Nano (XNO). Let me know what you think about this technical analysis in the comment section.
Please make sure to you do your research.
My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
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Nano coin getting ready for a pump (NEW)Nano (XNO) is consolidating in a downsloping channel which most likely will break out to the upside.
We don't expect this coin to make a new ATH in the next bull market but reaching 4$ in a mid-term is very likely which would be almost 400 % profit from the current price.
It's time to DCA into XNO.
NANO/USD - Can it pump to $1? Looks likelyNANO or XNO as it's called lately seems to break away from this descending channel.
That is a bullish signal. With higher highs and higher lows, it seems that a test of the resistance at $1 is inevitable.
The risk/reward here for a long with a target at $1 looks juicy to me.
Good luck!
NANO (XNO) coin formed bullish Butterfly for upto 781 pumpHi dear friends, hope you are well and welcome to the new trade setup of NANO (XNO) coin with US Dollar pair.
Previously we had a nice trade of XNO:
Now on a monthly time frame chart, NANO has formed a huge bullish Butterfly pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NANO (XNO) coin formed bullish Gartley for upto 40% rallyHi dear friends, hope you are well and welcome to the new trade setup XNO coin with US Dollar pair.
On a 4-hr time frame, XNO has formed another bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
NANOUSDT Technical Analysis💎 NANOUSDT after breaking below the ascending channel, it has formed a symmetrical triangle. The price soon may break above the triangle and the major resistance. After the pullback and retest, it can continue the bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 4.005 - 3.780
☕️ TP1 4.294
🍺 TP2 4.728
🍻 TP3 5.186
🍾 TP4 5.640
🍷 TP5 6.128
🍸 TP6 6.567
🍹 TP7 7.000
🎁 TP8
🚫 SL 3.754 - 3.507
Good Luck 🎲
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$NANO/BTC 3D (Binance Spot) Big falling wedge near breakoutNano has formed a very bullish pattern and is sitting on 200MA support, we expect it to rally mid-term!
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Current Price= 0.0001097
Buy Entry= 0.0001090 - 0.0000971
Take Profit= 0.0001411 | 0.0002012 | 0.0002833
Stop Loss= 0.0000776
Risk/Reward= 1:1.5 | 1:3.87 | 1:7.1
Expected Profit= +36.99% | +95.34% | +175.05%
Possible Loss= -24.66%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 5 months
Nano slight bullish divergence on btc pairingNano slight bullish divergence on btc pairing usd pairing is very sideways and can go down, really looking for daily closures above 6.27 to add to position, right now nothing really changed
NANONANOBTC looks very bullish az its playing inside a huge falling wedge, we have MACD 3D crossing bullish and a bullish divergence on MACD as well
NANO Bullish Trend Returning SoonNANO:USD is getting close to breaking through a very strong resistance that has been present since mid February.
A resistance NANO has been spending most time under and battling the most since February. Not only is it close to breaking a strong resistance but also a downwards trend line.
A break above can be considered very bullish for NANO.
I see 2 possible bullish scenarios:
#1 The short term trend holds strong and we see a break through the resistance as well as bullish sentiment return by November or earlier.
#2 We fall below the short term trend line. NANO follows along the longer trend line from July and breaks above the resistance by mid December or earlier.
NANO triangle breakoutNANO seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 8.27 and even higher. I see strong resistance zone 8.28-8.47, so I will be taking profit bit lower below the triangle target projection. Still great RRR.
ENTRY : local high @ 6.883
SL : local low @ 6.6
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 8.27
RRR : 4.9
INVALIDATION : when SL level hit
Please like👍, comment🗣️, follow me✒️, enjoy📺!
nano <3i hope it works xD
nano will breakout soon, just a matter of time.
1st target is the next hvn (8.25 - 8.9)$
good luck.
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$NANOnano and xlm almost similar set up.
Daily closing above 50MA, retest and fly.
1600 SAT if hold then 2250 SAT.
Potential breakout soonThere are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge breakout target would be at 0.0001665 (52%) the next resistance above that are 0.0002370 and 0.0003600.
This is not financial advice.