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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Comments

Thanks for sharing your TA.
+1 Reply
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
alanmasters jscduk12
@jscduk12, It should be getting ready to breakup. I will take a closer look now for you.
+1 Reply
alanmasters jscduk12
@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
can anybody tell which indicator is the last one? Is it a MFI kind one? Like the colors on the peaks and lows
Reply
@RobGee, RSI+MFI
Reply
xau327 luigich91
@luigich91, very unlikely
Reply
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