Emvo

Nano macro shows long, or RIP for a long ?

Emvo Aktualisiert   
BINANCE:NANOUSD   None
Hello. I decided to develop you TA on something unussual, low supply, risky, volatile and less-exptected from lowcaps.
Never take it as advice to trade or invest. Always do the research by your own.

About project:
Nano (formerly RaiBlocks), actually ranked #48 on CMC, is a decentralized, sustainable, and secure next-generation digital currency focused on addressing the inefficiencies present in existing cryptocurrencies. Designed to solve peer to peer transfer of value, Nano aims to revolutionize the world economy through an ultrafast, fee-less and decentralized network that is open and accessible to everyone.
The Nano team brings together expertise in technology, strategy and business direction from leading organizations in each field.
Also finally available to store in Exodus wallet : )

At my daily chart, you should spot a big blue falling wedge followed by MACD bullish divergence more than 1 year.
IMO, next 2 months and Q4 could lead to create a strong new direction with increased volumes at daily basis.
Only this wedge has target between 80-120% in fullfill. We can see retest of wedge, yesterday, with strong pullback today. Which confirming even more , I can say the main resistance to break IF here stayed any possible life.
NANO could be opportunity, or dump to almost zero. I will never put a decent money here !
So take it like an example tuttorial with just my PERSONAL GUESSES... I like to underline this.

For bulls, I like to see more uptrend holdng evidence, FIBO 382 above at first. Further, at weekly, MACD started lacing at summer and it's not crossed yet. Past WEEKLY close looks like a morning doji pattern. Maybe will do pinbar at MONTHLY timeframe before.
So isn't very clean yet... However, maybe you will like to see something different like - BTC TA's ;- )
Sure, plenty of lowcap charts seems the same. I know. But here's one of my favs, with supply 133 million, all in circulation already ;- )
Blue-dashed bottoming curve is just sketched.

You could leave your thoughts in comment section, or just leave a like, if you agree.

*This is not a financial or investment advice. Never trade/invest, by my personal ideas.


Kommentar:
I tell you more. From May 15, Nano is channeling in orange canal, which is strictly bearish. Today , made some movement , but still in orange canal. I spotted some reversals - so IF will NANO follow small blue channel with breakout from bigger orange with solid confirmation, I see target at daily ema200 / FIBO 1.618 /+35%/.
*This is not a financial or investment advice. Never trade/invest, by my personal ideas.

Kommentar:
Kommentar:
Nano broken below blue uptrend channel. IF will occure in fullfill , target is at FIBO 0 around 66cents. It's the main target due to blue-dashed bottoming bow.
Kommentar:
Nano is holding the channel with FIBO 618. Good signs.
Kommentar:
Nice.
Kommentar:
Nano conservative target completed : )


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