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
XNOUSDT
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
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.
Nano (xno) where are you going? Risk reward 4.4For a long time, the asset is in the accumulation stage, and on the daily timeframe, you can see the resulting double bottom. If the resistance zone is broken through and the asset is fixed above 0.935, I expect growth to the area of $1.3
This is not a financial recommendation, everything you do you do at your own peril and risk.
NANO Major Monthly SupportNice place for DCA
here you are buying below 99% of nano holders
its a monthly major support
if this is the bottom for nano first target would be 120$ 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.
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
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