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Nanousdt

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.
Long
by youngbossy
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
Short
by youngbossy
2
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
KRAKEN:NANOUSDLong
by Crypto-Quantum-Fox
NANOUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 3.6 and 4.2 after first target reached move ur stop to breakeven Stop: under 2.8 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
NLong
by trytofeelpositive
2
NANO (Nano) Coin Analysis 03/05/2021Fundamentals: Billed as "digital money for the modern world," Nano is a lightweight cryptocurrency that is designed to facilitate secure, practically instant payments, without fees, and addresses some of the major limitations of both legacy financial infrastructure, and many modern cryptocurrencies. Development of the project began in 2014 under the name RaiBlocks, and the coin (then termed XRB) launched the following year through a public faucet, which allowed users to claim small amounts of XRB after completing a captcha challenge. Users were allowed to complete as many captchas as they liked to increase their words — effectively trading their time and effort for XRB. RaiBlocks (XRB) was rebranded to Nano (NANO) in January 2018, with the new name chosen to better represent the speed and simplicity the project offers to users. It is a peer-to-peer platform that uses a unique block-lattice data structure to allow users to easily transfer value to one another without relying on centralized intermediaries. Unlike other platforms which typically use the combined proof-of-work of a massive mining network to achieve consensus, Nano instead uses a system known as Open Representative Voting (ORV) — which sees account holders vote for their chosen representative, who then work to confirm blocks of transactions securely. ORV makes Nano extremely energy efficient, positioning it as a more environmentally friendly alternative to proof-of-work (POW)-based cryptocurrencies. As we previously touched on, Nano is designed to be fast. So fast, in fact, that most Nano transactions reach absolute finality within less than a second — compared to several minutes or even longer for many other major cryptocurrencies. This speed makes Nano suitable for commercial payments, since merchants and retailers no longer need to worry about transaction delays when accepting payments. Moreover, Nano transactions are completely free. Since representatives do not receive financial compensation for their efforts to secure the network, there is no need for a transaction fee. This makes Nano an ideal solution for processing micro-transactions, since users no longer need to worry about fronting a potentially expensive transaction fee when making small payments. These features are enabled by its unique architecture. Unlike many cryptocurrencies which are built on top of a distributed ledger known as a blockchain, Nano is instead built around a similar ledger technology called a directed acyclic graph (DAG). This structure is highly reliable and allows Nano to process as many as 1,000 transactions per second (tps) — without requiring an energy-intensive mining network to maintain its integrity, positioning Nano as an eco-friendly digital payment option. Nano is secured by a network of representatives, each of which is voted into position by NANO holders. These representatives are responsible for casting their votes when the network needs to achieve consensus, and their voting power is the sum total of the voting weight delegated to them by NANO holders. These vote on the validity of transactions on the Nano network, ensuring only valid transactions are confirmed. This process protects the network against a type of attack known as a double spend—which occurs when an attacker is able to manipulate the network to effectively spend the same funds twice. In addition, the Nano network features a wide variety of additional defenses against various possible attack vectors Nano was founded by Colin LeMahieu, a heavily experienced software developer and engineer with a wealth of experience working for prominent tech companies, including Dell, AMD and Qualcomm. Self-described as an inventor, LeMahieu has interests that range from space technology to physics and environmental sustainability, and is a well-known name in the digital currency space. He began working full time on Nano in 2017 and remains the CEO of the Nano Foundation — an organization created to drive the development and adoption of the Nano — to this day. Colin LeMahieu also pushed the vast majority of commits to Nano’s GitHub repo. Beyond LeMahieu, the Nano Foundation has over a dozen other employees, including George Coxon, a graduate in Evolutionary Anthropology and experienced account executive, and the current COO of the foundation. Like the vast majority of cryptocurrencies, Nano has a fixed maximum number of tokens that will ever enter existence, this number is set at exactly 133,248,290 NANO. The original maximum supply was set much higher than this, but any remaining NANO tokens above the current 133 million limit were permanently burned. In total, around 39% of the original genesis supply was distributed. Nano is unusual in the fact that its entire supply is already in circulation, this means it is fully diluted. Because it is fully diluted, Nano is also highly decentralized, and well distributed, with the vast majority of Nano accounts holding less than 100 NANO. As of December 2020, around 20% of all Nano in circulation (~26 million) is held in one of the cold wallets associated with the Binance cryptocurrency exchange. A total of 5% of the circulating supply was held back for the continued development of the project, this was allocated to a so-called “developer fund.” The live Nano price today is $10.49 USD with a 24-hour trading volume of $237,230,830 USD. Nano is down 6.70% in the last 24 hours. The current CoinMarketCap ranking is #84, with a live market cap of $1,397,776,939 USD. It has a circulating supply of 133,248,297 NANO coins and a max. supply of 133,248,298 NANO coins. Technical Analysis: The Coin has done its Initialization and Accumulation followed by some Bullish cycles and Reaccumulation phases, Currently the Price is in an Impulsive cycle to the higher levels. Few support levels are defined Price Action which are having confluences by Fibonacci Retracement Levels of Price from its ATH. There are total of 3 Targets defend by the Fibonacci Projection of the initial Move UP.
NLong
by BitonGroup
8