Long
$NANO/BTC 3D (Binance Spot) Big falling wedge near breakout
Nano 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
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
Trade active
All entries filledNano pulled back retesting 200MA support, let's see if it is able to bounce from it! 🤞🏼
Trade closed: stop reached
SL hit with -24.66% and -1RNano tried but was not capable of regaining 50MA & 200MA so it continued with the downtrend inside the wedge.
Will very likely breakout later anyway so better keep an eye on it, targets remain valid for mid/long-term!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.