NANO Price Prediction Today: Daily (NANO) Value Forecast – July 18
The short and medium-term outlook is in the downtrend.
Traders may consider selling at key areas.
NANO/USD Medium-term Trend: Bearish
Supply zones: $1.80, $1.90, $2.00
Demand zones: $1.00, $0.80, $0.60
NANO is in a bearish trend in the medium-term outlook. The brief loss in the bearish momentum at $0.8646 in the demand area on 16th July returned the bulls with a bullish spinning top as the market opens yesterday. NANO spike up to $1.38 in the supply area during yesterday session.
The long wick in the candle suggests exhaustion and expected a bounce to the downside as the bears gradually enter the market with the coin down to $ 1.09 before the close of yesterday session. The momentum remained intact as the market open today with the inverted bearish pinbar formed at $1.15 shortly after opening.
NANO is currently down at $1.0 below the two EMAs and the signal of the stochastic oscillator points down at 50%. These suggest a downward movement of price in the medium-term. $1.000 in the demand area is the bears' initial target.
NANO/USD Short-term Trend: Bearish
The cryptocurrency is in a downtrend trend in the short-term outlook. The cryptocurrency was in a correction in the range after the fakeout that got the coin up at $1.38 in the supply area during yesterday session.
NANO was trading within the range after opening at $1.16 until the large bearish candle at $1.13 broke out from the lower line for the bears to resume the downward movement in the short-term.
Price was down at $1.05 below the 10-EMA. The signal of the stochastic oscillator pointing down at 25%, suggesting continuation in the downward momentum in price as the bears.
Live Nano (NANO) Price:
1 NANO/USD =$5.1333 change ~ -1.03%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.