It's been an interesting past few days for BINANCE:NANOBTC - the binance competition took us through the inverse H&S although in classic BINANCE:NANOBTC fashion it quickly lost momentum. Volume is now drying up, suggesting to me that we can resume normal operations.
Currently we are trading at the 100hr EMA - if that holds before my buy is hit, I would plan to buy in at around 96k. But I think the more likely scenario is that the sell momentum continues and pulls us down below 92k (especially with the help of a
BTCUSD
correction).
I am expecting heavy support (400hr EMA, ichimoku cloud, most recent stable level) at 88k so this is where I've set my stop.
Assuming BINANCE:NANOBTC could then keep a similar pace of growth to past weeks, I've used the same channel but transposed up to a new starting point. Let's see!
Currently we are trading at the 100hr EMA - if that holds before my buy is hit, I would plan to buy in at around 96k. But I think the more likely scenario is that the sell momentum continues and pulls us down below 92k (especially with the help of a
BTCUSD
correction). I am expecting heavy support (400hr EMA, ichimoku cloud, most recent stable level) at 88k so this is where I've set my stop.
Assuming BINANCE:NANOBTC could then keep a similar pace of growth to past weeks, I've used the same channel but transposed up to a new starting point. Let's see!
Trade active:
Welp, here we go! ;)
