NANOBTC
NANO/BTC LONGWe are doing Analysis of NANO/BTC on multiple Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Thanks
Anish kumar
A trading opportunity to buy in NANOBTCTechnical analysis:
. NANO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0002900 to 0.0002240). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0002900)
Ending of entry zone (0.0002240)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.000360
TP2= @ 0.000423
TP3= @ 0.000497
TP4= @ 0.000570
TP5= @ 0.000727
TP6= @ 0.000912
TP7= @ 0.001097
TP8= @ 0.001360
TP9= @ 0.001696
TP10= Free
NANO Bulls take controlNano starting to break upwards. Looks like the bulls are in control for now. Bought at 24k with stop loss 22k during the 2.5 months sideways accumulation. Upwards targets are 33k, 39k, and 45.5k.
A trading opportunity to buy in NANOBTCTechnical analysis:
. NANO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0002730 to 0.0001250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0002730)
Ending of entry zone (0.0001250)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000423
TP2= @ 0.000497
TP3= @ 0.000570
TP4= @ 0.000727
TP5= @ 0.000912
TP6= @ 0.001097
TP7= @ 0.001360
TP8= @ 0.001696
TP9= Free
There is a possibility of the beginning an uptrend in NANOBTCTechnical analysis:
. NANO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0002730 to 0.0001250). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0002730)
Ending of entry zone (0.0001250)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.000423
TP2= @ 0.000497
TP3= @ 0.000570
TP4= @ 0.000727
TP5= @ 0.000912
TP6= @ 0.001097
TP7= @ 0.001360
TP8= @ 0.001696
TP9= Free
NANO/BTC long, short term swing trade ideaEntry: 5566 (i already entered, bit late post its at 5616 now oops)
Target 1: 6616
Target 2: 7264
STOPLOSS: 5270
possible profit 18.89% - 30.55%
possible loss 5.30%
Risk/reward 3.56 - 5.84
Keep your eyes on bitcoin could throw off the numbers, trail your stop if you'd like to protect gainz.
WATCH NEWS ON NANO, it has a pending lawsuit on it. Could crash like CTR did.