Long

NANO Fib. Retrace + Pattern

Aggiornato
1) Nano is currently sitting right above the .618 Fib. retracement line, which is one of the most significant and likely fib. lines for a bounce to occur off of

2) As we can see by the RSI, Nano has a history of bouncing off RSI levels of approximately 30 (which it is currently approaching and very close to)

3) Nano has a pattern of a steep increase followed by a slow bleed (look at my arrows on the RSI)

4) Nano bounced off the .618 retracement line on approx. March 10 (current candles + RSI are almost identical)

My take: I will be watching the RSI very closely and buying in at the first sign of a reversal.

Position = LONG!
Trade chiuso: obiettivo raggiunto
did not bounce off .618 fib. Instead broke through and bounced off .786
BTCFibonacci RetracementTechnical IndicatorsNANOTrend Analysis

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