jackleskevicius

NANO:BTC - Possible Inverse Head and Shoulders

BINANCE:NANOBTC   NANO / Bitcoin
This is not financial advice.

The support around the 112490 mark is strong forming the head but could still fall through if the buy volume isn't there. The shoulders could be made between the two support lines at 114670 and 115990. An upwards trend could follow on the Elliot Correction.

For those of you that have seen my previous post on NANO , we did fall through the support at 114670. However, the drop in BTC we saw yesterday attributed to this and could also still have a potential impact on this TA.

I'm new to technical analysis so any constructive feedback will be appreciated.
Comment: The shoulder rallied through all three support lines, expect a retest at 11822 within the next couple of hours. However, if volume persists, this could increase further.
Comment:
Comment: As stated 4 hours ago, correction to 118220 likely before retesting 121980.
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