Hello Traders,
NANO/BTC is inside a big downtrend channel, so the still inside a primal bearish trend, but we just broke the short term Resistance line and we go back above the important support level, so we can consider this last movement as Bear Trap, we still need to wait for the daily candle close above this line, and if we start to accumulate above this line is a bullish indication, and our target is the Resistance of this bearish channel.
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Best regards, Sandro and Gustavo.
Feel free to visit my pages if you would like to know more
NANO/BTC is inside a big downtrend channel, so the still inside a primal bearish trend, but we just broke the short term Resistance line and we go back above the important support level, so we can consider this last movement as Bear Trap, we still need to wait for the daily candle close above this line, and if we start to accumulate above this line is a bullish indication, and our target is the Resistance of this bearish channel.
Please push like button, follow us on Tradingview and on Telegram.
Best regards, Sandro and Gustavo.
Feel free to visit my pages if you would like to know more
