NANO short term bullish continuation

2020年8月19日

Short term analysis is more risky than long term analysis, for short term analysis i use intraday trading analysis on this case in 1 hour timeframe for NANO/BTC

Before you do trading in smaller timeframe, i recommend you to use multitimeframe analysis, why use multitimeframe analysis? because it can reduce the noise..
Nano is in strong bullish in 1 Day timeframe and it has good support(redline)..
If 1 day timeframe is good, then we can change it to 1 Hour timeframe..

In 1 hour timeframe there are candlestick patterns such as bullish englufing, rising window and southern doji, but the price not retrace yet so it will retrace to fibo 0.5 or 0.618 first before push higher

The target is 1243 satoshi as we you can see from violet line

Don't forget to put stop loss below support area ( I recommend you to using auto stop loss instead of manual stop loss in 1 hour timeframe ).

Please share your thoughts 😉

2020年8月23日

交易結束：目標達成

Target reached, it was a good trade