Long
✳️ NANO | Support Found? Let's Ask The Chart!
While most of the pairs we have been looking at are already bullish, here we have one that is mixed.
➖ XNOBTC has been retracing after a major bullish breakout in December 2023.
➖ The bullish signal here comes from the fact that a bounce is happening exactly at the 0.786 Fib. retracement level relative to the December 2023 bullish breakout.
XNOBTC Bearish signals
But, the current price range is a strong support level and worked back in August 2023.
The stop-loss hunt event also happened right below this level.
Any trading above it —yellow on the chart— can be super bullish.
If prices move below, bearish.
👉 Potential target can go to 100%-180% short-term.
Thank you for reading.
Namaste.
➖ XNOBTC has been retracing after a major bullish breakout in December 2023.
➖ The bullish signal here comes from the fact that a bounce is happening exactly at the 0.786 Fib. retracement level relative to the December 2023 bullish breakout.
XNOBTC Bearish signals
- The RSI is weak.
- The action is happening below EMA10 and the rest.
- Previous sessions closed red.
But, the current price range is a strong support level and worked back in August 2023.
The stop-loss hunt event also happened right below this level.
Any trading above it —yellow on the chart— can be super bullish.
If prices move below, bearish.
👉 Potential target can go to 100%-180% short-term.
Thank you for reading.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.