This is not financial advice.
Indicated in the short position could be a good opportunity for a 5%-10% gain.
If the breakthrough at 135000 occurs in my opinion we could be off to the races up to ~150000 based on what has happened historically.
Depending on what happens with BTC and the rise that could occur, this could setback NANO/ALT's during that period.
Please let me know what you think of my analysis, i'm new to the trading game so any feedback will be appreciated.
Indicated in the short position could be a good opportunity for a 5%-10% gain.
If the breakthrough at 135000 occurs in my opinion we could be off to the races up to ~150000 based on what has happened historically.
Depending on what happens with BTC and the rise that could occur, this could setback NANO/ALT's during that period.
Please let me know what you think of my analysis, i'm new to the trading game so any feedback will be appreciated.
Comment:
We fell through 116000, next support at 114640
Comment:
Due to the BTC drop, this has had a negative affect on the value. BTC support at $8848 then $8729.
Comment:
NANO has formed a double bottom @ ~11470, upwards trend could be a strong possibility soon.
Trade closed: stop reached