A bearish outlook on NANOBTC from a beginner. The overall cryptoasset market is in a downtrend and despite NANO's large pullback from its ATH it still looks like there is more downside with the first support level looking around the 24.5k area to me and then below that down towards 10k.
I have made a rough attempt at including past price history for NANOBTC on the Binance Weekly Chart using estimates based on old prices from the XRB / Bitgrail days. It isn't perfect but it might be quite useful going forward for analysis.
A rough idea using the Fan Principle on the Daily NANOBTC market. The downtrend since 04 May has followed the first fan line down quite well, I would expect a move back up to test the second fan line with a break through that and then a draw back followed by a reversal of the overall downtrend.
