Nano has made a large spike with a strong volume on July 17 and now is moving in a bullish trend. MACD is making a transition to bullish and the CCI is already in positive territory, although it did not show the price too overextended. Stochastics are not overbought.
Hi folks -
Nano is currently resting on the 100 EMA, after trading in a range from about $1.38 to $2. A break below the 100 EMA could see Nano proceed to support at $1.38 and a very bearish move even lower.
However, a move upwards of $1.65 could see Nano escaping the triangle and moving to a new target above $2.
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