$NANO/BTC long term targets

7 May 2021

NANO is another mid tier coin that potential of reaching a new all time high this cycle.

Once again I'm presenting long term targets, and highlighting where I expect resistance and potential for profit taking. Will be starting from the top to bottom.

For NANO I used 2 set of fibs, one pulled from the ATH to the recent ATL, which gives the new potential targets for a new ATH.

At the very top, which is my moonshot target, is the 4.236 fibline at around 0.0123 satoshi.
Next up we have the 2.618 fibline at 0.00766 satoshi, which I deem to be a realistic potential target for a new ATH.

Off to resistances/ profit taking points.
First we have the previous ATH level at roughly 0.003 satoshi.
Up next is the 0.5 fib line at ~0.0015 satoshi which I expect to play a resistance area.
The 0.236 fibline at ~0.00072 satoshi I see being the major resistance for this cycle.

Coming to the lower level, "smaller" fib.
At the moment the price is fighting to break the 1.618 fibline at ~20k satoshi.
The 2.618 and 4.236 levels of the small fibs are also areas where I expect the price to take some time before continuing it's path to the upside.