Long
NANO (NANO/BTC) - Where to next?
Nano just got a USDT listing on Binance + money has moved back into crypto with today's spike in BTC.
If the bulls keep up the momentum, we can see Nano fill the range of its previous upswing and head towards 7,000 sats.
However, if you are long any of the alts you still must be cautious of BTC's dominance, where a spike in BTC (both up or down) can result in big xxx/btc pair drawdowns as money leaves alts to go into BTC (as we already saw today).
Long targets/points of resistance:
- 3,500 sats
- 4,250 sats
- 5,000 sats
- 7,000 sats
If the bulls keep up the momentum, we can see Nano fill the range of its previous upswing and head towards 7,000 sats.
However, if you are long any of the alts you still must be cautious of BTC's dominance, where a spike in BTC (both up or down) can result in big xxx/btc pair drawdowns as money leaves alts to go into BTC (as we already saw today).
Long targets/points of resistance:
- 3,500 sats
- 4,250 sats
- 5,000 sats
- 7,000 sats
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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.
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.