Nano Analysis: Is the Coin Ready to Go to the Moon?
When you think of crypto-coins with potential, Nano is one of the first that comes to mind. Despite such a degree of potential, Nano as well as the other criptomoedas has been facing a bear market in recent times.
Today we will do an analysis of the current moment that Nano is in and the possible scenarios that may have occurred. Without further ado, let's do this:
The first possible scenario, and more likely, is that the market will continue to grow steadily, that is, that there will be no negative news and will bring down the price of bitcoin, thus taking the other altcoins down. By all means through moving averages and the MACD (circled in brown), prices should continue to rise and overturn the current resistance in the coming days, so the price should move towards the next resistance around US $ 3.71 ; after, we should have a new drop in prices and then go in search of another resistance around US $ 5.73.
The second possible scenario brings a new instability in the market causing the price of Nano to fall seeking support around US $ 1.71. However, the criptomoeda should have gains then going to fetch values around US $ 3.71, that is, in both scenarios the price tends to increase.
Congratulations @jean77jta55! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @jean77jta55! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!