Nano' Party might just not be over.

Out of my opinion, NANO's road is just started. It's previous highs are quite a bit higher, as you can actually check in it's graphic on coimarkecap.com .
Therefore, so far I can see one nice grow in 12345 waves. There is a small correction ABC, over at this time, so from now on, in the next hours, it's road is coming back up again.

Look for a breaking at 17000 satoshi and going up to 30.000 satoshi in the next 2-3 days.

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stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
"Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.

Rule 2: Wave 3 can never be the shortest of the three impulse waves.

Rule 3: Wave 4 can never overlap Wave 1."
One thing to keep in mind is the stop loss at 11500 satoshi, that would break 4th previous down wave.

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This is how I see it.

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Every time things are not going as we have planned, we do find some more reasons for the problem. Is what is being called DENIAL, in trading terms. Is when the trade goes the opposite direction but we are still optimistic. :)
The same case in this matter.

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There we go! Seems like there is some movement going on.

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Nano give's me back what XVG took away during the bloody days. It might just form a very nice cup and handle from 16997, where the previous high level was. target is around 22000 satoshi.
If anybody followed this trade, it is time to put a stop loss around there somewhere.

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Didn't knew what is a #fallingwedge, but I have researched. Seems like this is a very nice one forming on a 4h chart. Step in spartans!

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Inverse cup and handle formation.

adrianovicius

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adrianovicius

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