$NANO/BTC Binance Technical Analysis March 28, 2020

in #nano3 years ago

Hello Hivers!

First of all, I want to point out that the following post is NOT financial advice or any kind of recomandation, nor am I lisenced to give one!
It is my personal opinion and view on the chart!

Today a NANO/BTC chart from me.

nano.png
https://www.tradingview.com/x/LWajVWpi/

Like most altcoin NANO has been falling in price since it's peak in 2017. With the last BTC dump NANO has made a new local low. The interesting part being that althou volume seems to be rising and the price falling, the fall of the price is less and less volatile.

At the moment NANO seems to be establishing a flour at around 7000 satoshi. In the case of a breoukout from these levels, it may aim to make a new local high. Given that at the levels around 13k and 19k satoshi are both, points of previous lows and fibonachi levels I would expect the price to surge up to one of those 2 points.

Please keep in mind, this is NOT financial advice or any kind of recomandation, nor am I lisenced to give one.

Enjoy your day! :)

Kind regards, OZ