NANO ANALYSIS
NANO is another coin which recently hit a new all time low. This looks to be creating a brand new support zone as well, its not confirmed until we see a double bottom. For now, it looks like a daily green wick is holdin, supported by a strong oversold exhaustion by sellers. I expect a short term pump up to the new daily resistance at T1 of 820 sats, followed by the top of the resistance zone at T2 of 880 sats. This zone is KEY! If this is broken we will look for rejection at the 50 MA which recently crossed bearish below the 100 and 200 MA. If this zone is rejected look for a double bottom back at 750 sats. Considering this support is very new, both rejection points could bring in a further low, so long with positions and take profit at key resistance levels!
Possible Entries: 780-790 sats
NANO is another coin which recently hit a new all time low. This looks to be creating a brand new support zone as well, its not confirmed until we see a double bottom. For now, it looks like a daily green wick is holdin, supported by a strong oversold exhaustion by sellers. I expect a short term pump up to the new daily resistance at T1 of 820 sats, followed by the top of the resistance zone at T2 of 880 sats. This zone is KEY! If this is broken we will look for rejection at the 50 MA which recently crossed bearish below the 100 and 200 MA. If this zone is rejected look for a double bottom back at 750 sats. Considering this support is very new, both rejection points could bring in a further low, so long with positions and take profit at key resistance levels!
Possible Entries: 780-790 sats