$Nano has Made Symmetrical Triangle | A Breakout is Imminent

in #bitcoin • 7 years ago

CryptoKraze Technical Analysis

steemit header - Copy.PNG

In this post I am going to cover technical analysis of $Nano for long term trade. I am using tradingview charts and price linked to Binance exchange. Let's have a look on technical aspects of $Nano.

Possibility on Daily Chart

nano1hr.png

If you look at daily chart, you will see $Nano has formed a symmetrical triangle and likely to breakout. This is very common pattern in cryptocurrencies, whenever a coin makes this descending triangle, a breakout is imminent that might happen anytime soon. If we look at RSI, it has touched 70 level and has dipped below 50 level. It has to rise up to touch 70 level again.

  • I have a buy entry at 0.00130000 with my profit target will be around 0.00180000 or above.
  • Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

Have a look on my other Posts

Breaking Barriers with Steem Education Initiative

SEI Rewards System for Members | Post of the Day Promotion |

Averaging Technique in Crypto Trading

Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.

steemit footer.png

The @adsactly Society is junction for all those having some skills & free thinking and want to cooperate. It is a way to create better environment at steemit.



Go Adsactly


You are welcome to join @adsactly Discord Channel

Follow ADSactly at Discord

adsactly.png

#crypto #adsactly #blockchain #technology
7 years ago in #bitcoin by
$8.85
  • Past Payouts $8.85
  • - Author $8.84
  • - Curators $0.01
21 votes
Reply 5
Sort:  
  • Trending
    • [-]
     7 years ago  

    Wow..Nice post bro. Keep us updated

    [-]
     7 years ago  

    NICE POST FRIEND :D

    [-]
     7 years ago  

    Nice crypto post.....
    I like your post..... thanks for sharing.......

    [-]
     7 years ago  

    I am @junsusukhairi newbie in @steemit from indonesia, this is my first comment on your post. After reading this post by looking at the daily chart, I also see that $ Nano has formed a symmetrical triangle but I do not really understand the price associated with Binance exchange although this is a very common pattern, maybe someday I will understand better if it has long been in here.