Hello everyone, hope you're all doing well.
Today, I'd like to share with you long term and short term idea surrounding NANO.
Short term, NANO looks like it has found a support between 0.8-1.2 USD and it has been trading in these ranges for a while. On the BTC chart, it looks to have found a potential bottom at 0.00000900 BTC as it seems to create yet another Bullish divergence scenario.
Long term, I'm extremely bullish on this coin.
NANO is one of the best, if not the best, cryptocurrency in the entire crypto space which makes it fundamentally excellent investment. Later on, I'll write my reasons regarding this, but in short some of its main characteristic are that it provides fast and fee-less transaction making it much better than cryptocurrencies like IOTA, XRP, XVG, STR, ZIL etc. that are also fast but have micro fees. This makes it a one of a kind cryptocurrency that will for sure change the world in couple of years when adoption comes as you can literally send other people across the world as little as 0.01 cents within seconds for free. Same rule applies to larger million dollar transactions.
Here is a long term chart idea for NANO in NANO/USD pair that shows you the potential future of NANO and it's potential road to above 100 $.
charts.cointrader.pro/snapshot/YPhZO
As you can see here, NANO did a parabolic and fast increase of price which is why a healthy correction is something that was to be expected. Now after more than 400 days of slowly losing its value, it looks like it's ready for another rally that will potentially put it above 100 $. Everything on the chart looks picture perfect and adding in the fundamentals of this coin, it raises a probability of this event happening by a lot.
Today, I'd like to share with you long term and short term idea surrounding NANO.
Short term, NANO looks like it has found a support between 0.8-1.2 USD and it has been trading in these ranges for a while. On the BTC chart, it looks to have found a potential bottom at 0.00000900 BTC as it seems to create yet another Bullish divergence scenario.
Long term, I'm extremely bullish on this coin.
NANO is one of the best, if not the best, cryptocurrency in the entire crypto space which makes it fundamentally excellent investment. Later on, I'll write my reasons regarding this, but in short some of its main characteristic are that it provides fast and fee-less transaction making it much better than cryptocurrencies like IOTA, XRP, XVG, STR, ZIL etc. that are also fast but have micro fees. This makes it a one of a kind cryptocurrency that will for sure change the world in couple of years when adoption comes as you can literally send other people across the world as little as 0.01 cents within seconds for free. Same rule applies to larger million dollar transactions.
Here is a long term chart idea for NANO in NANO/USD pair that shows you the potential future of NANO and it's potential road to above 100 $.
charts.cointrader.pro/snapshot/YPhZO
As you can see here, NANO did a parabolic and fast increase of price which is why a healthy correction is something that was to be expected. Now after more than 400 days of slowly losing its value, it looks like it's ready for another rally that will potentially put it above 100 $. Everything on the chart looks picture perfect and adding in the fundamentals of this coin, it raises a probability of this event happening by a lot.
Comment:
Target 1 on chart 0.00001055 reached. 15% gain since the entry.
Comment:
NANO looking interesting as it finally closed its 4 hour candle above 0.0001 price level which is an obvious resistance.
NANO is starting to look more and more bullish as days go by.
NANO looking interesting as it finally closed its 4 hour candle above 0.0001 price level which is an obvious resistance.
NANO is starting to look more and more bullish as days go by.
Comment:
Second time reaching a target. of 0.0001055. Let's see if NANO has strength to go past this.
Looking fairly good.
Looking fairly good.
Comment:
Not only are we hitting the second target of 0.0001197, but NANO has finally made a higher local high.
In other words, NANO has finally closed a highest daily candle in last 4 months. We'll see where this takes NANO as this recent Accumulation zone has already lasted for a while.
Next resistance is 0.0001400.
In other words, NANO has finally closed a highest daily candle in last 4 months. We'll see where this takes NANO as this recent Accumulation zone has already lasted for a while.
Next resistance is 0.0001400.
