Been carefully tracking NANO all week and it's been going sideways, tracking between a tighter equilibrium indicating that it's ready to pop! Whether it pops up or down is yet to be seen so it's best to have a plan for all eventualities. Personally I scaled back into the trade from around the 113k level and picked up a few more at around 128k when the RSI dipped...
Yesterday I published an idea showing that NANO was consolidating within a tightening channel thinking that it was either going to pop back up or trace down a little bit further. The levels to watch were at the 114k level (0.5 fib retracement) and 126k (0.618 fib). This morning, the chart shows that NANO has broken out of the tightening channel and has...
NANO forming an equilibrium pattern, moving within a tightening channel in a downward bear trend. Could go either way from here, let's see in which direction it breaks through the channel, North or South :)
Disclaimer: I was waaaay off with my last prediction as I was expecting a consolidation after a massive parabolic run; a good problem to have if you're holding NANO :) Woke up to the news that NANO continues its bullish run and almost tested resistance at the 148-150k mark. However, we've just seen two lower highs and lower lows on the 30 minute time frame which...
I'm long on NANO as I bought very early and think the project has a bright future. I'm fairly new to trading crypto but have been learning fast and have been developing a strategy for all of my holdings. NANO is a big one and I learned my biggest lesson by not taking profits when it was flying high at 268k sats; a lesson that I don't want to learn more than once!...