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Nanousd

Nano bullish wedge after a bearish break outThis one goes a little bit against my personal bias for crypto at the current high prices, but an analyst needs to be objective in my view. So here it goes :) On the left we can see the USD pair, where it broke a clear trend line, but instead of some volume increase and acceleration down, it's moving slowly in what seems to be a bullish wedge. The BTC pair shows a clearer bullish wedge. Make no mistake, if Bitcoin does start to drop big Nanousd will drop as well and will prob break that green support. But Bitcoin is not showing a clear direction and is 50/50 at this moment. So, without any bias here, it looks good at this point. A bit similar as that XRP analysis i did a month or 2 ago. Please don't forget to like if you appreciate this :) The XRP analysis i talked about:
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by botje11
8
NANO - Looks Can be Deceiving Man, a lot of people are really frustrated with the price action of NANO. And who can blame them? I did make a call recently that NANO could test some lower levels, which it has already done. Link to that idea is at bottom. However, even with lagging alts, I'd urge everyone to pay attention to the USD pairings. This is why I say, "looks can be deceiving." Take a peak at the NANOUSD chart: It's on the verge of completing a massive Adam and Eve bottom, and is consolidating in an ascending triangle pattern against major long term support turned resistance. This resistance currently lies in the $2.15-2.20 area. As soon as that clears, there's not much holding NANO back until $3.85ish. Volume is continuing to decline as well, which is what you'd want to see before an ascending triangle breaks out. Of course, if it breaks down below the support, that would invalidate the bullish scenario. An ascending triangle, by the way, works like this, in terms of market psychology: Buying interest has decreased, because price has stagnated. Everyone is awaiting a direction. Meanwhile, demand has started to outpace supply, so even though interest is low, price continues to rise. Eventually, once price passes a certain psychological barrier, everyone and their mothers jump in to buy, because they realize they've all fallen asleep on the asset, and the higher high confirms that price is ready to move up. Anyway, if we look at the NANOBTC chart, we're in a bit of a falling wedge (also with decreasing volume). Additionally, NANO hasn't even been able to break below the 1900 area, which shows that there is still SOME demand. It's possible that NANO will need to briefly capitulate to some deeper levels against Bitcoin (as it did in August 2018). We'll see. The ultimate oscillator (red) and RSI (pink) both look like they've touched bottom, which could also indicate that NANO has already seen the lowest point against Bitcoin, for now. When the ultimate oscillator makes a double bottom (on the daily or weekly timeframe) it's usually a very good buy signal. Bitcoin made a double bottom on its weekly ultimate oscillator when it was in the 3K range, and that's one of the many things that led me to believe there was a strong chance the market had hit bottom. NANO may not ever achieve its former glory, in terms of how high its Bitcoin ratio can go, but that doesn't mean that it can't make some seriously explosive moves in a short amount of time. Particularly if that $2.20 resistance breaks. We've been consolidating in this area for a VERY long time. If we do break out of this wedge and have an explosive move up, I'd pay more attention to the USD chart, but on the Bitcoin pairing we'd need to first get above the 2100 support turned resistance with some volume. This is not financial advice. This is an update on a coin I've been following for a long time. This is for speculative and educational purposes only. -Victor Cobra
NLong
by VictorCobra
3
NANO (NANO/BTC) - Where to next?Nano just got a USDT listing on Binance + money has moved back into crypto with today's spike in BTC. If the bulls keep up the momentum, we can see Nano fill the range of its previous upswing and head towards 7,000 sats. However, if you are long any of the alts you still must be cautious of BTC's dominance, where a spike in BTC (both up or down) can result in big xxx/btc pair drawdowns as money leaves alts to go into BTC (as we already saw today). Long targets/points of resistance: - 3,500 sats - 4,250 sats - 5,000 sats - 7,000 sats
NLong
by Elemont
Investors Losing Confidence in NANO - Breakdown Possible Hey guys! As you know, I've been bullish on NANO against Bitcoin (BTC) for a while, but since the failed rally, things are starting to look worrying, fundamentally as well. Since the very beginning, exchanges have had trouble implementing the NANO code, and it's starting to really become a headache. I haven't sold off any of my NANO as of yet, but I'm starting to become concerned. Over the last week, big sells have been dominating the order flow, which could suggest that big money is losing confidence in the project and moving on to other coins. Right now, NANO is at risk of entering a deeper bear trend as the rest of the market rebounds. As you can see, we are in the middle of what could be a nearly endless falling wedge that has an eventual target at the August bottom, in terms of its Bitcoin ratio. If this happens, we may slide down to the $0.75 support (or even below) for a while until we get some positive news. Any sort of further negative news will likely break us down. However, if we can get some positive news for NANO in the coming weeks, we could see us finally breaking out of the downtrend and sending us on an impulse towards the first major resistance (green X). This isn't really a trade setup, it's just what I'm looking at here. For NANO to remain bullish against Bitcoin, we need to break out of this pesky resistance again with MASSIVE volume. This could easily happen as well, if the stars align. This is really an "up or down" post, but I wanted to get it out of my system, since I'm seeing some worrying things on this pairing. This is not financial advice. I hope this project succeeds. It would be a shame to see it fade away. It has a lot of promise, but unfortunately its tech is very challenging for whatever reason, and I fear that there are unfixable flaws. Maybe some of you can offer your input, if you're more familiar with coding than I am. Link to previous NANO analyses at bottom. -Victor Cobra
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by VictorCobra
Is Nano entering an accumulation range?Hello everyone! So, it's looking like Nano is holding the .786 bull retracement from the run it experienced post-capitulation in August. This is a great sign! On the weekly we see Nano slowly drifting to and testing the .786, 5 times. So far, it has held up. This is most definitely a sign of accumulation in my eyes, especially considering the weekly RSI is beginning to level out. Since November, the daily RSI and MACD have been diverging towrads bullish values. As we stand Nano is roughly around 40 RSI and very near the zero line on the MACD. This trade is very simple. Accumulate near the .786, and have a stop loss just below the .786 at 2,220 sats. Target for mid-term is the .5 bull retracement, located at 3,970 sats. IF Nano is entering a wave 3, target is a whopping 7,850 sats somewhere within the next 6-8 months.
NLong
by deactivatedaccount123
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