alanmasters

Nano Symmetrical Triangle (Breakout Coming Soon)

BINANCE:NANOBTC   NANO / Bitcoin
NANOBTC is trading within a symmetrical triangle and it is going to breakout soon.

- We have a strong breakout followed by a retrace.
- 70+ days of consolidation.
- Price being maintained after breakout.
- Higher lows.
- If NANOBTC breaks down, according to all market indicators, it will still bounce up strong.

Keep an eye on Nano , good potential.

Thanks a lot for reading.

Namaste.
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Any update on NANO? I steered clear of this, price has fully retraced to where it started the run from. I'd certainly appreciate your thoughts on this.

Best,
James
Reply
@jscduk12, It should be getting ready to breakup. I will take a closer look now for you.
+1 Reply
@jscduk12, I am seeing a descending triangle now... We ought to wait longer since it is below EMA10 and EMA50 as well.

I would wait for the triangle to break or a break above EMA10 to confirm the action:

You can always join before the breakout with a tight stop loss.
+1 Reply
jscduk12 alanmasters
@alanmasters, Thanks for the prompt response here mate, I truly do appreciate that.

My thinking was the same. I'm a bit concerned considering it quadrupled from $0.76 to almost $4 but hasn't managed to retain a penny of value from that. I'll personally play it safe and wait for the triangle to break - not an experienced enough trader yet to take much risk.

Again, many thanks buddy. Best of luck to you.

Best,
James
Reply
Thanks for sharing your TA.
+1 Reply
can anybody tell which indicator is the last one? Is it a MFI kind one? Like the colors on the peaks and lows
Reply
alanmasters bertisevil66
@bertisevil66, RSI+MFI
Reply
xau327 luigich91
@luigich91, very unlikely
Reply
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