NANO Breaks Descending Channel, High Volume (60% Mapped)

19 May 2020

NANO (NANOBTC) just broke out of a descending channel after hitting a new All-Time Low.

This breakout is supported by massive/big green volume and a challenge of the strong resistance level MA200.

If prices can stay above MA200, NANOBTC can go straight up (green arrow).

But if instead prices close below this level, MA200 is the black line on the chart, then we will have a retrace (red arrow) before the next move.

We remain bullish even after a drop based on the strong bounce signal we got off the ATL.

Thanks a lot for reading.

This is not financial advice.

Namaste.