NANO-BTC posible breakout soon

Hello Friends,

I usually refrain from the coin predictions. There are many negativity (shilling) associated with it. But I guess if I present it with the technical info, the readers will have their own judgment to before making any investing decision.

I see NANO-BTC to have a possible recoil before breakout. Here is the chart analysis:

Usually before breakout, there is a huge volume spike associated with low price. Now this is a bullish divergence that is seen almost everywhere.

Furthermore, RSI has a low risk entry. MACD is also forming a 'W' shape in the difference. These are 2 strong reason for entering a long trade. Since price is also nearing its all time low (current price is 9k sats, lowest at 7.8k sats), chances are, it will fall below that is very low.

On the upside, NANO had touched its all-time-high last month near 30k sats. So think about it. If it again goes for a bull run risk to reward ratio is very high in this.

I would keep a stop loss of 12% and expect a gain at 250%.

Please share your views on this.

NANO project background:
NANO is re-branded from Rai Blocks. Rai Blocks is a block chain based on block lattice data structure. Its whitepaper claims it to be capable of handling 7000 transactions/second. This can solve the scalability issue associated with the Bitcoin/Ether. Also since it is based of delegated-proof-of-stake, its transaction is free of cost. This could be very attractive for any application developed with NANO.
reddit: https://www.reddit.com/r/RaiBlocks/