NANOUSD In A Bull Trend - Elliott wave analysis

Hello traders,

NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region).

Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway.

Trade well!