NANO:USD is getting close to breaking through a very strong resistance that has been present since mid February. A resistance NANO has been spending most time under and battling the most since February. Not only is it close to breaking a strong resistance but also a downwards trend line. A break above can be considered very bullish for NANO. I see 2 possible...
There are 3-4 indicators currently pointing towards a potential breakout very soon. - RSI touched the oversold area. - RSI decline has been broken out of - Sell pressure is declining - A falling wedge breakout that appears imminent I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940. The falling wedge...
It looks as we have a Wyckoff accumulation pattern playing out on NANO. It appears we are currently in Phase C of Wyckoffs accumulation pattern with a last shake out. In phase D we should see price moving to the top of the resistance line and phase E a full blown take off. This is not financial advice.
It looks like NANO has set itself up again for the next movement upwards. Stochastic RSI is below <20 and about to cross over on the weekly chart. The last time it moved from this setup, it went up by 10x. NANO is still massively undervalued and far from it's ATH so we can most likely see a ~7x to ATH alone. Next major targets appear to be at ~8, ~14, ~20 and...
There's a potential parabolic curve forming on the NANO:USD chart. Another touch and jump off of the curve would strengthen the validity of this formation and help more accurately project the upcoming price targets on its run. It would most importantly indicate we are going to see a lot of rapid movement upwards with short breaks of a couple days or at most...
For the first time since the formation of the falling wedge in Aug 2018 did we close above it! The close above it removed the ceiling NANO's price was banging it's head against. This breakout alone will bring NANO to ~5600 SAT (~640%) further up. Measured by extending the distance up from the trend line breakout to the height of the back of the wedge. NANO has...
There are a lot of reason to have a short term bearish lookout with a breakout and correction to 16k levels before BTC is making it's move to 20k. However I also want to take a look at the possibility for BTC swinging back towards 20k without another correction to lower levels. There's been a pattern emerging when BTC is touching ~43 on the RSI . It's moving...
This chart show's where the total crypto market cap currently is and heading to. The RSI is starting to reaching upwards into >70 zone and we have the highest volume candle within the first day of the month already! The total crypto market cap is close to explode upwards. It's unlikely we reach the "Bubble Top" or "Near End" line in this cycle. Should we reach...
There's no question to whether or not solid coins with good fundamentals will reach their previous all time high and go even higher with a new bull ( fomo ) cycle. That makes NANO the most overlooked gem in my opinion. The coin went down by 95%! That's a 2100% increase to meet previous all time highs! I couldn't find a chart that precedes February on tradingview,...
It looks like EOS is coming close to breaking out of a massive descending triangle. There's a smaller descending triangle EOS is about to break out first, which will put it up by 140%. The second massive descending triangle would be putting it up by around 1400%! Currently it sit's closely on a support level around 0.00015619 and is likely to break out of the...
Omisego appears to break another downwards resistance trajectory. The second time it broke out it went up by 200%, the first time by 120%! I put a potential resistance line for the next target should the pattern repeat itself. There's a possibility for some retracement and a bit more sidewards trading. The latest for the breakout would be probably around mid...
BTC.D has been pretty much following the exact same formation as in 2017 with 3 red followed by 2 green and a red candle just before a major loss in dominance. The formation looks pretty much the same just on a smaller scale. There's a potential for a major altcoin rally next month with BTC.D dropping a lot should this pattern repeat itself. Also it looks like...
There's been 14 consecutive weeks of red in which BAT lost value towards BTC unable to keep up with BTC's rally. BAT hit close to it's lowest low it ever had in relation to BTC. Talking about buying low selling high. This looks like a great entry point. The best entry was last week but second best entry can be still a great entry with a total of 143% to get...
It looks like HUT's long term downtrend breakout is near. The RSI already broke it's downwards trajectory. A lot of alternative coins gained a lot of up movement recently as well as other crypto related stocks ( e.g. HIVE, RIOT ). There's a possibility for some small downwards movement to the support line or more sidewards movement. However considering all...
Should previous scenarios play out again as it did before then bitcoin will hit 330k within 10 - 12 months followed by a 84 - 86% drop that takes 12 - 13 months ( bear market ). The rally to a new all time high started after entering the overbought area on the RSI on the monthly chart. The lowest low after an all time high is about 163 - 168% higher than the...