NANO is one of the rare altcoins that is currently in the process of creating a bullish structure. The coin broke the 6-month trend line resistance two weeks ago and the follow up was impressive. It pushed higher without coming back to re-test the trend line, which signals that uptrend is strong. Still, there is a room for the coin to come back and re-test the broken trend line. In both cases, the mid to long-term outlook is bullish as long as we stay above the trend line. Hence, any trades to the long side are to be secured with a stop below the trend line. On the other hand, NANO is currently coming back lower from the recent move higher on the H1 time frame. Since the move higher was fairly impulsive, a correction is likely to be limited and the continuation of the uptrend move is likely to follow shortly. Bulls are looking at the zone around 0.000610 to 0.000620, which is a confluence of the 50% Fibbo retracement and horizontal support. If broken, the major level to look for is the confluence of 61.8% - the most important Fibbo level and horizontal support line.