NANO:USD is getting close to breaking through a very strong resistance that has been present since mid February.
A resistance NANO has been spending most time under and battling the most since February. Not only is it close to breaking a strong resistance but also a downwards trend line.
A break above can be considered very bullish for NANO.
I see 2 possible bullish scenarios:
#1 The short term trend holds strong and we see a break through the resistance as well as bullish sentiment return by November or earlier.
#2 We fall below the short term trend line. NANO follows along the longer trend line from July and breaks above the resistance by mid December or earlier.
A resistance NANO has been spending most time under and battling the most since February. Not only is it close to breaking a strong resistance but also a downwards trend line.
A break above can be considered very bullish for NANO.
I see 2 possible bullish scenarios:
#1 The short term trend holds strong and we see a break through the resistance as well as bullish sentiment return by November or earlier.
#2 We fall below the short term trend line. NANO follows along the longer trend line from July and breaks above the resistance by mid December or earlier.