NANOUSD In A Bull Trend - Elliott wave analysis

Hello traders,
NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region).
Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway.
Trade well!
NANO is in a five-wave rise, up from March suggesting that bigger trend is bullish, and that further upside may be seen once a bigger a-b-c correction develops. Currently we see price unfolding a higher degree wave v, which can look for resistance and slow down into a three-wave correction at the Fib. ratio of 0.618 and at the upper Elliott wave channel line (1.436/1.50 region).
Once we see a sharp drop from the mentioned resistance zone, and through the middle Elliott wave channel line, that is when a temporary top can be in place, and wave a of a three-wave correction underway.
Trade well!
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.