Nano fell a long way due to be trapped under a downtrend that was cursed by a witch - After buying a charmed amulet from a kindly gypsy the weekly candles have held the 23.60% fib and are approaching the 1x1 Gann fib ray - If the 1x1 holds support then further gains should be expected -<><> Nano is free to send and arrives instantly just like magic, consequently proving it to be the only currency coin that makes any sense <><> For successful trading try sleeping with a small bag containing locally sourced owl sinew and dead mans hair under your pillow <><> This is not spiritual advice, do your own religion
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The key area for Nano to hold on the daily candles - If the 8x1 gann fib ray breaks then expect more downside
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Holding support
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As we can see on the weekly chart support has held so far on the 1x1 gann fib ray - Price action will possibly remain choppy for next couple of days
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This weeks candle opened beneath the uptrend and beneath the 23.60% fib, you can see the wick was rejected and bounced off the underside of both - This and and the drop in volume is making further sideways/down action look more likely until the candles can catch another uptrend - Its not impossible for the candles to recover the 1x1 uptrend but Nano looks weak currently
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Nano candles are trapped in the space marked by the blue bands - Unless there is a sudden volume surge that gets the price above 0.00036 its likely to return to the 23.60 fib at 0.00027 - Assuming support holds at 0.00027 a price pathway like in the picture is not uncommon
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This weeks candle is still managing to get support on the Gann bottom of square and consequently Nano is tracking sideways along with the rest of the market, encouraging to see the candle green so far - Its not impossible that the price continues horizontally until meeting the uptrend of the Gann 2x1 fib ray
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Nano price bounced on the 2x1 Gann fib ray - There is resistance at the arc but if support on the 2x1 holds thru the arc then Nano candles could hit the underside of the blue 1x1 fib ray in the high 0.0004s
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Nano price is still holding the 2x1 uptrend, volume is low it remains to be seen if the candles can stay on top of the uptrend this week
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This weeks candle is above the 2x1 ascending fib ray but against the arc and beneath the Gann Top of Square - Whether we break up or down here depends on the strength of he whole market
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Nano is looking bullish today especially compared to the major coins, attempting a breakout soon possibly
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Breakout
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Bullish price action today from Nano - the candles have held the 2x1 fib as they move thru the arc - The pattern i drew in the earlier updates is likely if this path continues
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Nano candles got trapped in the 2nd arc pair but have now crossed thru and are sitting above the 2x1 fib ray - Market still weak but could be worse -