Nano Price Bullish Above $12.00 Toward $20.00
During the downside, there was a break below a connecting bullish trend line with support at $15.50 recently on the 1-month chart of the NANO/USD pair. The pair is currently trading near the $15.00 level.
However, if the price continues to correct lower, there is a chance that it could retest the $12.00 support level. The stated $12.00 level was a resistance earlier, and now it may act as a support.
An intermediate support is near the 50% Fib retracement level of the last wave from the $11.00 low to $17.50 high. Below the $12.00 support, the most important support and buy zone is near the $10.00 level.
Once the current correction is complete, the price may resume its upside towards the $17.50 level. Above the mentioned $17.50 level, the final target for buyers in the short term could be $20.00.
The overall bias is positive as long as the price is above the $12.00 support.
Trade safe traders and do not overtrade!