Short
NANO update: Reversal Pattern, near resistance.
Hello traders!
Friends, i see that previous NANO post didn't reach target as expected.
Now i see Rising Wedge Patter, in 2/3 cases this is reversal pattern and target determined by 1.0 Fibonacci extension (price 0.0013005)
On chart we can see support line, i expect breakdown it to lower support levels.
There is second strategy if support line will hold the price, and price break downtrend resistance line, it this case we can expect moving higher to previous high, and if bulls remain strong, may go further to 161.8% Fibonacci level.
RSI on 1h TF looking bearish.
Friends, i see that previous NANO post didn't reach target as expected.
Now i see Rising Wedge Patter, in 2/3 cases this is reversal pattern and target determined by 1.0 Fibonacci extension (price 0.0013005)
On chart we can see support line, i expect breakdown it to lower support levels.
There is second strategy if support line will hold the price, and price break downtrend resistance line, it this case we can expect moving higher to previous high, and if bulls remain strong, may go further to 161.8% Fibonacci level.
RSI on 1h TF looking bearish.
Trade active
Trade active
touched bottom support of rising wedgeTrade active
falling, broke supports, trying to reverse from 61.8% Fibonacci to reach 5-6% profits, but i think selling pressure is powerful.Better to buy from lower support levels
Note
Pump tweet:Charlie Lee [LTC]
SatoshiLite
I took a look at Nano currency recently. Pretty neat. Every account has it's own blockchain. It focuses on fast and free transactions for payments. Uses PoS for double spend protection and PoW to fight spam. The challenge is to keep it decentralized.
Disclaimer: I own some NANO
twitter.com/SatoshiLite/status/968931625001140224
Trade active
Price under resistance line, so at the moment it still bearish for meTrade active
Chart here:Trade active
Good luck, uptrend might be confirmed after cross 0.00150Trade active
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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.