Nano Price Bullish Above $12.00 Toward $20.00

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!

05.03.2018 / 11:20 59
Litecoin Price Analysis: LTC/USD Holding Key Support Litecoin Price Analysis: LTC/USD
More importantly, there was a break above the $210 resistance and the 100 hourly simple moving average. However, the upside move was capped by the
Cardano Price Technical Analysis  ADA/USDs Struggle Continues Cardano Price Technical Analysis
Key Highlights ADA price made an upside move, but it failed to break the $0.3000 resistance against the US Dollar (tethered). There was a false break
Bitcoin Cash Price Technical Analysis  BCH/USD Trading Positively Bitcoin Cash Price Technical Analysis
Key Points Bitcoin cash price is gaining upside momentum and is currently trading above $1,250 against the US Dollar. There was a break above a
Ethereum Price Technical Analysis  ETH/USD Recovery Underway Ethereum Price Technical Analysis
Key Highlights ETH price started a fresh upside move from the $826 swing low against the US Dollar. There was a break above a crucial bearish trend
Altcoin Analysis: NEO, EOS, LTC, IOTA and Lumens Altcoin Analysis: NEO, EOS, LTC, IOTA
Of the 5 altcoins under our focus, I will recommend Lumens and EOS buys considering latest price action development. Yes, there is some minor
Ripple Price Technical Analysis  XRP/USD Surges Above Key Resistance Ripple Price Technical Analysis
Key Highlights Ripple price started a major upside move from the $0.8850 swing low against the US dollar. There was a break above a key bearish trend
Comments (0)
Add a comment
Comment on