Yesterday, we saw NANO completing a full correction as it tests the 0.786 fib level and forming a double bottom slightly below the 0.786 fib level. As of now, NANO broke the symmetrical triangle and is forming a falling wedge but the bulls are fighting hard, creating a local upward trend line within the falling wedge. We're still waiting for a volume increase to confirm that correction is over, but as of right now the volume for NANO isn't surprisingly high.
I suggest you enter the trade when NANO tests the local upward trend line that is within the falling wedge, and set stop loss slightly below the local upward trend line in case of break down.
i will continue to update this post if anything major happens to NANO/BTC
I suggest you enter the trade when NANO tests the local upward trend line that is within the falling wedge, and set stop loss slightly below the local upward trend line in case of break down.
i will continue to update this post if anything major happens to NANO/BTC