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
Xno
XNO LOOKS BULLISHFrom where we entered "strat" on the chart, we have had a double correction on the chart that has been over for some time.
Now there is a good place to rebuy. If the price reaches the green range, we will enter the buy/long position
By keeping the green box, it can continue to pump in the coming days.
The targets are clear on the picture.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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.
finally xno breaking multi year downtrend in downtrend since 2021 but now showing signs of life formed falling wedge in 3 days tf and also breaking multi year trendline expecting successful breakout
and incase of successful breakout expecting solid recovery towards 2$ in next weeks keep eyes on for successful breakout
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 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.
$XNO/#BTC [#Nano]: SuperTrend Resistance_Breakout_ConfirmationWe have identified both a Super Trend pattern and a Resistance Breakout on the $XNO / $BTC chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00004354 | 0.00004923 | 0.0000591 and the major support zones are at 0.00003367 | 0.00002949 | 0.00001962. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision.
Technical Metrics :
Current price: 0.00003864
24H Volume: 2.3622 Ƀ
24H Price change: 3.013%
- Pivot Points - Levels :
Resistance: 0.00004354 | 0.00004923 | 0.0000591
Support: 0.00003367 | 0.00002949 | 0.00001962
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : STRONG_BUY
- In-depth XNOBTC technical analysis on > Tradingview TA page
What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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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!
XNO coin forming bullish Gartley for upto 184% rallyHi dear friends, hope you are well and welcome to the new trade setup XNO coin with US Dollar pair.
Previously we caught more than 50% pump of XNO as below:
Now on a 4-hr time frame, XNO has almost formed a 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
XNOBTCWell this guy XNO had passed through tough times, a rebranding (from NANO) and a hard breakdown.
I got into it from nov '21 and finally I think it touched a level from that it can go to the levels shown in the graphic.
1D RSI shows that. And its explosion from march proved that it is possible.
I see at least one level attainable up to June.
What's you opinion on this? Feel free to comment. And please remember this is not a financial advice. There are just my thoughts about a list of my interest coins.
Regards.
Cristash
XNOUSDT(Xeno Token) Daily tf Range Updated till 24-11-22XNOUSDT(Xeno Token) Daily timeframe range. another high risk and reward alt. look at those wicks and massive candles. a right position can make a lot of profit but if its wrong it goes same way. but whatever moves a lot provides more setups and opportunity's.
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 or XNO is at the Bottom of ChannelMarket is poop, but this could indicate a potential bottom for XNO seeing how the next week or two plays out.
NANO is a long term HODL and accumlate for me, Bottom of the channel is the less risky place to buy. NFA.
Bullish divergence on RSI along with some bullish activity on total market cap will be the clear indicator for me to go long.
Just ideas of cryptos I follow and like. DYOR before investing.