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XRB

$NANO/BTC 3D (Binance Spot) Big falling wedge near breakoutNano has formed a very bullish pattern and is sitting on 200MA support, we expect it to rally mid-term! Formerly known as RaiBlocks (XRB), that Peer-to-Peer (P2P) cryptocurrency does not need fee for transaction, more info on nano.org Current Price= 0.0001097 Buy Entry= 0.0001090 - 0.0000971 Take Profit= 0.0001411 | 0.0002012 | 0.0002833 Stop Loss= 0.0000776 Risk/Reward= 1:1.5 | 1:3.87 | 1:7.1 Expected Profit= +36.99% | +95.34% | +175.05% Possible Loss= -24.66% Fib. Retracement= 0.236 | 0.5 | 0.786 Margin Leverage= 1x Estimated Gain-time= 5 months
NLong
by TradingOn
2
NANO for a 40% ProfitDear Traders, I know NANO has been compromised recently and that make it dump about -54%. Now people are starting to buy here at 1.618 fibonacci support. MACD Cross Positively and RSI is low. We bounced here some days before so I think we have probabilities to bounce at these levels again creating a double bottom. Also I think we can rebounce here after creating a tweezers bottom. Happy trading everybody! TP: 7120 (+40%) SL: 4860 (-4.31%) Stop loss is set under past lower lows.
NLong
by Janpr99
2
NANO, serious upside potential. 200% taking recent highHi guys, I bring you NANO. One hell of a coin. Since its listing on Binance it hit a low of 6k sats, after which it bounced, pretty crazily all the way up to 16k sats in 4 days. Wow. Anyways since then, we've gone through a nice accumulation phase which saw us at a bottom of 6800. We had a small rebound up to 11k recently which was very profitable to a lot of traders, myself included and now we see us eyeining NANO, at the time of writing 6300 sats. I have here the larger timeframe, Daily chart outlines to see how far we have really retraced. We've had a previous zone of Wyckoff accumulation, outlined by the massive cup. and look to be forming once again, another basing pattern. RSI is once again oversold, on the daily, MACD histogram is looking to roll on over. Not a buy signal yet, but is definitely something to keep on your mind in the coming days/weeks. I'm expecting RSI and MACD to slowly form bowl patterns after which we should see some pretty solid bounces. I can already see that the rate at which RSI and MACD (both signal and MACD line) is decreasing towards the downside is slowing down, potential weakness in the bears. The ladder starts now. Buy: 6000-6800. I know its a very generous buy zone, but since I'll be looking to take a swing trade position in this coin, I'm ok with taaking large buy in targets and zones. Sells: 11k 16k 20k (target from Kucoin) Let's see how this goes. This will begin my trading journal of alts here. Once there's more data here, I'm happy to apply some Elliot waves to this to derive some targets. But for now simple trendlines and basic understanding of RSI bottoming and MACD lines converging will do
NLong
by EnZo
2
NANO! BULL RUN ALMOST UPON US?So our supports held but weren't enough for a reversal. Which leads me to give a new count, and our red trendline is in the wind. SO WHEN WILL THE SELLING STOP?? ANSWER: The highest probability target always for an abc correction down, Is that C is most likely 100% of A = 1:1 extension. And since when have our A&B which are in, we have targets to pull from. And when we do, we find PERFECT confluence with our lowest point (Red horizontal trendline / APRIL REVERSAL) before we began trending up. Which adds more evidence to our A&B having completed, and now we're on our final leg down to complete our C. EVIDENCE FOR OUR 5 WAVE COMPLETION = Our waves 3 & 5 have hit their respective 100% and 161.8% targets. GOOD NEWS? : Well because our 5 waves are in, it becomes a big wave 1, which means we can do a fib pull for ALL of this big wave 1. And what we find, is a lot of correlation between that fib pull, and the trend fib pull from our waves A&B to find our wave C! So we would target a 1:1 extension for our C, except, the odds of hitting the 1:1 in this case for our C gets DRASTICALLY SMALLER, because 2 cannot fall 100% of wave 1! SO our chances of a bounce here right now, at the 0.618 pull from the A&B goes up, BECAUSE we find its correlated with the 0.786 target of the entire wave 1! WHICH IS THE HIGHEST PROBABILITY TARGET for a DEEP 2 (purple 2) retracement! Will we bounce here? Maybe? But we also have to remember when we are doing our analysis, that everything always goes back to being nicely correlated with the BITCOIN CHART which had a nice NEWS RELATED DUMP which triggered a dump on our NANO chart among other charts, which led to us breaking OUR RED TRENDLINE SUPPORT ON MY PREVIOUS CHART.
NLong
by Etsua
4
NANO BEARISH COUNT NEAR COMPLETING Here is my bear count, which is almost in, as it looks like we have almost completed our "bullish" triangle correction pattern, that is on its final leg down. I think my first target may be too weak to hold, but wether we bounce now or at the red trendline, we should be seeing a bounce soon. Id be watching for a bounce off the red trendline, to gage a good entry. However there is still the possibility we could break through the red trendline, then id change my count, but that is highly unlikely. **Not financial advice, just sharing what i see" Cheers
NLong
by Etsua