Nano Price Prediction: Long-term (NANO) Value Forecast – July 6
- The NANO/USD pair is trading between the levels of $1.400 and $1.800.
- The support level at $1.2000 is likely to hold, range-bound traders should initiate long trades and exit near the upper price range.
NANO/USD Long-term Trend: Ranging
- Resistance levels: $2.0000, $2.2000, $2.4000
- Support levels: $1.2600, $1.2400, $1.2200
The NANO/USD pair is in the sideways trend zone. The 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is in a sideways trend. The NANO/USD pair is trading between the levels of $1.400 and $1.800. The crypto’s price is fluctuating below the 12-day EMA and the 26-day EMA and has broken the lower price range and found support at the $1.2000 price level.
The support level at $1.2000 is likely to hold, range-bound traders should initiate long trades and exit near the upper price range. At the upper price range, if the bulls fail to break the resistance level, then a short trade should be initiated. In the same manner, you will exit the short trade near the lower price range. The price of NANO is expected to range for a few more days because of the presence of small body candlesticks.
The small body candlestick like the Doji and Spinning tops describe the indecision between the buyers and sellers at the current market price. The stochastic is in the oversold region but above the 20% range which indicates that the price of Nano is in a bullish momentum and a buy signal.
Live Nano (NANO) Price:
1 NANO/USD =$9.4848 change ~ -5.16%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.