Price analysis in NANOBUSD - Upward triangle formation
Technical analysis regarding the price of NANO in relation of dollar attached to Binance for the next scenarios, based on 4 hour movement.
There was a strong correction, causing the price to close further below its value. From 2,234 onwards it started to rise, leaving funds and ascending tops, making a graphical projection of an ascending triangle.
The price has accumulated and the chance to break this resistance, which has already occurred 3 touches, is a very good one, for the price to continue its upward trend (since the graphical formation of the ascending triangle is bullish and a continuation pattern).
Designing this channel based on mathematically (Fibonacci), which coincides with the maximum price top, in its impulse wave.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
There was a strong correction, causing the price to close further below its value. From 2,234 onwards it started to rise, leaving funds and ascending tops, making a graphical projection of an ascending triangle.
The price has accumulated and the chance to break this resistance, which has already occurred 3 touches, is a very good one, for the price to continue its upward trend (since the graphical formation of the ascending triangle is bullish and a continuation pattern).
Designing this channel based on mathematically (Fibonacci), which coincides with the maximum price top, in its impulse wave.
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
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