The chart speaks for itself on NANO. It has been one of the weakest performing coins in 2018 and has been surrounded by turbulence. Now in a technical perspective I do have to say this looks like an interesting trade. The Stoch RSI is at the bottom on multiple timeframes, so this has to come up somewhat. To be safe one could wait for a small support confirmation and break on this very low level. All these altcoins depend on BTC so I wouldnt be surprised to see mega moves on both.
I've set only one Fib target on this one, the previous resistance. This also a low risk trade to take, as long as we´re waiting for moves in BTC.
I've set only one Fib target on this one, the previous resistance. This also a low risk trade to take, as long as we´re waiting for moves in BTC.
Trade active:
Moving stop down to original support. It's a no-brainer
Trade active:
Time for a buy and a breakout
Trade closed: stop reached:
Crypto needs CPR :P