Where Is Nano (XNO) Headed?Where really is Nano headed? Well, I don't know but hoping to see what price is telling us so we know what to do if some certain move we anticipate happens.
Let's start by unravelling this mystery from the Monthly timeframe to get a holistic view of the price action.
Monthly Timeframe
Since May 2021 when price got to $17.7+ we've been in a continued down trend that seems to have no end and I can only imagine what it feels like buying at that price level and still Hodling till now.
One important thing we should always remember about the market is that price tends to spend more time in its corrective phase than it does in its impulsive phase. Just as a reminder, price moves in an impulse-corrective-impulse pattern, and Nano (XNO) is no different.
On the Monthly, we are starting to see a Break of Structure (BoS) where a previous LH (Lower High) was broken by the impulsive wave which is currently correcting as expected. Remember, after impulse, follows correction and then another impulse from the corrective phase to confirm the trend.
Corrective phase is where we should look to enter our long term positions from. We however are not going to make buy decision only what we see on the Monthly, we'll see what the Weekly, Daily and 4 Hourly timeframes say before we start thinking of how might take a position if our expectations are met.
Since we're more interested in the recent price actions, let's zoom in the Monthly to really see the structure.
Hmm, look at those sexy rejection candles. Well those alone don't mean anything as the candles are printed in the middle of nowhere. Let's scale down to Weekly in the next section.
Weekly Timeframe
Look at that, a bearish pennant which looks like it's breaking out already. Look at the price action on the weekly, since March 11th 2024, we've had series of impulse-correction. We are in a corrective phase in a pennant formation which usually signify continuation of prevailing trend. Pennants usually form after an impulsive wave which is true in our case.
With this price action, I'm only going to be interested in buying on pull back when price breaks the Weekly LH (lower High) at price of 1.056.
Likewise, if price breaks the Weekly Lower Lower (LL) at 0.668 then price would be indicating continuation of the current down trend on the Weekly timeframe. That said, let's see if the daily would give us any hint on what to expect in the short term.
Daily Timeframe
On the daily, we're currently at the impulsive phase after breaking from the corrective phase. If we don't get buy interest at the Daily Lower Low (LL) at 0.777 then we might be looking to test the Weekly LL at 0.668.
My interest to buy XNO would be if price breaks and stays above the Daily HH at 0.922 or if price breaks any structure and stays above in a future price action formation. For now, I'm bearish a XNO.
4 Hourly Timeframe
Price already broke 4 Hourly timeframe HL and now headed to the Daily LL. If the Daily LL does not hold, then we might be heading to the Weekly LL.
With this, I am fully bearish on Nano except we start seeing some Break of Structure to the up side in the coming days and week
Nanousd
Correlation: XNO price vs. Bitcoin fees; What's next for nano?I don't believe in charting to predict the future.
Charts are about understanding past events - telling us a nice (hi)story through plotted data.
According to this chart, the speculative demand for nano is correlated with bitcoin fees. Suggesting users migrate to XNO 's efficiency under high-fee environments.
Will that continue to happen in the future?
Nobody knows.
Can other factors have influenced this observed correlation?
Probably, yes.
But people who want to use peer-to-peer decentralized money will probably look for competitive alternatives if they can't use BTC in its current (or future) state.
Nano, and a few other competitors will always be there for these people.
I personally know many who are already doing this.
I did it myself a few years ago, and I have no regrets, despite the price action.
I'm a user first, and I use cryptocurrencies daily - but I see no point in using Bitcoin because it doesn't meet my current demand for P2P self-sovereign currencies. It is as simple as that.
Source: XNOUSD vs. BTC_FEEUSD
* Nano is an open-source protocol, with its development led by a full-volunteering team, and run by a decentralized network. Nano is also a cryptocurrency with absolute zero fees and instant settlement (achieving finality in ~500ms). The cryptocurrency XNO also has no inflation, as all units were already fully distributed for free between 2015-2017 for anyone with access to a simple computer + internet.
There is massive profit potential in NANO.Not only is NANO one of the most efficient/less energy intensive coins, but it's also one of the fastest, has ZERO fees and much more. Nano is about the same price as XRP currently, but with far less coins in circulation NANO has the potential to see some massive 10X.. 20X.. moves!
NANO Major Monthly SupportNice place for DCA
here you are buying below 99% of nano holders
its a monthly major support
if this is the bottom for nano first target would be 120$ which is the 1.618% FIB level on log chart.
however keep some cash if it will go to ATL around 0.4$
low risk high reward
Thanks.
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
NANOUSDT NANO newly named is XNO. With my previous shared analysis 35% up and still going in profit.
Greetings this chart is break the long term falling Wedge pattern upside. The expected targets is 7, 8.
Still in cheap price. To buy in every dip and hold.
I'm Not a financial adviser.
Risk at your own.
XNO/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Alright guys we're going to have to use our imagination here lol. Nano has rebranded into XNO and there's no chart that will show us what XNO used to look like so I've drawn it out in the white squiggly line to be as identical as it can be. Not quite sure how we're going to count these waves but it should look something like this.
XNO ; NANO - potential phoenix pump to catchXNO ; NANO - potential phoenix pump to catch
Nano has been a pretty bloody big dissapointment. I kept buying it in our last macro waves to get that 17 style moon pump that never came. oh my dear raibucks what happened? im still addicted to her though..
anyway..
Here is your hopium;
zoom out to see where those fractals came from and how similar the RSI impulse was/is. 3 options as i see it. the DEPTH on this pull back will show what is right. we want a strong dump to buy, a slower sleady slope down is not a good sign.
will i take the bait again if the shape is right? yes yes i will.
x
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.
Nano at $6 end of January I created an extremely accurate mathematically angled pattern starting from its ATH. I’m not sure if this exists anywhere but If you expand the chart, you’ll see the dotted yellow and green are long term ascending trend lines while the dashed purple and red are long term descending trend lines. The full green and red are short term trend lines and when they both converge on the bottom blue line, the price bottomed and when they converge on the top blue line, that’s a peak. The dashed orange lines are pointing out those occurrences. You can actually see we’re about to break above a long term red and purple resistance as well as ride the green trend line until the next orange line is reached at the end of January. This is telling me long term we will be rangebound likely until early June and then we could have a pump to $11
NANOUSDT: Nano Elliot WaveThis way of Elliot waves of NANOUSDT considered by this chart and it can be two goals shows on it.be profit
NANO and where are we now?Hello fellas!
Nano has changed their name - again? - to XNO. Actually, the name stays the same, but the tag has changed from $nano to $XNO.
The reason behind this change is that NANO wants to adapt to the system that already exists to sneak right into the financial system immediately.
That is why they changed to fit the international ISO naming convention.
However, it is taking longer than expected for this tag to show on exchanges, so we are still to see the impact of this name change.
In this graph, there are two purple zones that I believe are somewhat related. There is no reason for the graph to repeat the past, so this is really just an idea.
I hope you all are super well!
Thanks for reading.
don't sleep on NANOan oldie but a goodie. in a world of NFTs, "metaverses" and memecoins, it's easy to forget about one of the oldest and simplest crypto use-cases: digital cash.
i just bought more NANO, and here's why:
(1) it's undervalued. down almost 90% from its ATH ($42.9) and over 70% from its 2021 high ($18.58). this is bordering on bear market value, right in the thick of a bull market.
(2) it's a late bloomer. historically, NANO has pumped HARD towards the end of the bull market. take a look at that 232x during the last 6 weeks of the 2017 bull run. not too shabby.
(3) it's fast and there are no fees, making it one of the most promising digital cash candidates. remember, Amazon and all major retailers are looking for digital cash solutions, and i suspect NANO is on the short list. you definitely don't want to miss the boat when that news drops.
NANO final moon map : STAGE 1NANO final moon map : STAGE 1
check the related idea, this is the more zoomed in one for you.
phase 1 is in action. boosters have been ignited. hand brake is coming off.
yellow fractal is the NOV one. the one ive been blabbling on about on twitter.
im preferring that one.
LFG baby
Triple bottom pattern on NanoAfter the recent crash, it kind of put everyone off guard because we expected everything to explode in December! Things are going to be a bit different this time, however I don’t think the bull run is over. However, I’m seeing a bullish pattern form on nano with a price target around $11. I’m guessing we might reach this target mid January
NANO macro update ; repeat moon mission mapNANO macro update ; repeat moon mission map
IF it all happens again
note that end of Feb bubble pop timing
price action is getting weirder and weirder across the board, something big is brewing.
gl
*recent micro fractals have gone to shit i was following. maybe it is just this most obvious option here. wouldnt be surprised to see some fast deviations, like on the way up etc. also the height i dont think will be as crazy as 17 pump. my eye is on that 200 ish mark.
nano/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Nano is ready to EXPLODE within 2 weeks!For months nano has been following historical price movement amazingly! I must mention if you’ve seen my previous posts on nano, I’ve adjusted this chart on the assumption the top will be at a later date (January 16th to be exact), which in return is more accurate. Also the pattern is set to favor peaks while drops can be a bit further down. I don’t see the price going below the yellow lines so last chance to buy this low! By the end of December, I believe nano will at least see $100. I don’t think it’ll fully complete the blue chart because it’s very high but it’ll follow the same pattern up until it peaks. Don’t be fooled because how low it is, absolutely best chance to buy right now as the whole market is setting up the spring to euphoria. Expect a bounce soon back into the blue, potentially within a week!
NANO updatejust an update. think that $200 mark is where its at.
seems like in a month is where you want to get in. then hold for a month. then buy lambos.