So looking at the candles here - I think I see a small pattern and potential breakout for NANO.
So theres an inverted hammer that leads to a drop, followed shortly by another inv Hammer that rises shortly after...
Looking at the MA 14 and 50, We are close to breaking above the 14 day MA, if we do this, I do expect a nice little run that will bring us back above the 50 day MA.
Volume is a little low, and could do with a little push, However I think if it gets it then expect a lot of FOMO.
Sideways action over the last week or two has bought us to a flatline, Although possible that it can drop, with the current market seeing spikes here and there within alts,
I would be confident to say to expect a breakout shortly.
Dont be disappointed if it dips once more before it breaks out, It could just be people wanting to buy in at a lower price.
This is my thought from what I see, and may not play out, so do your own TA and decide for yourself.
So theres an inverted hammer that leads to a drop, followed shortly by another inv Hammer that rises shortly after...
Looking at the MA 14 and 50, We are close to breaking above the 14 day MA, if we do this, I do expect a nice little run that will bring us back above the 50 day MA.
Volume is a little low, and could do with a little push, However I think if it gets it then expect a lot of FOMO.
Sideways action over the last week or two has bought us to a flatline, Although possible that it can drop, with the current market seeing spikes here and there within alts,
I would be confident to say to expect a breakout shortly.
Dont be disappointed if it dips once more before it breaks out, It could just be people wanting to buy in at a lower price.
This is my thought from what I see, and may not play out, so do your own TA and decide for yourself.