Nano has been highly correlated with
BTCUSD
's movements these past few weeks, both of which seem to be showing short-term buy support. If nano turns bullish in the short-term and pushes through resistance until 0.000697, I would be looking for a movement up until 0.000735, where the real test would begin!
On the other hand, I could see trading within a descending wedge (discounting for the false binance competition pump) awaiting further news before true break out above resistance. This could be quite likely given poor performance for nano the past few months.
BTCUSD
's movements these past few weeks, both of which seem to be showing short-term buy support. If nano turns bullish in the short-term and pushes through resistance until 0.000697, I would be looking for a movement up until 0.000735, where the real test would begin! On the other hand, I could see trading within a descending wedge (discounting for the false binance competition pump) awaiting further news before true break out above resistance. This could be quite likely given poor performance for nano the past few months.