NANO Price Prediction Today: Daily (NANO) Value Forecast – June 14
- The short and medium-term outlook is in the uptrend.
- Traders may consider buying at pullback areas with bullish reversal candles.
NANO/USD Medium-term Trend: Bullish
Supply zones: $2.00, $2.20, $2.40
Demand zones: $1.00, $0.80, $0.60
NANO is in a bullish trend in the medium-term outlook. Price finally break out of the upper supply area at $1.60 of the range during yesterday session after a week of consolidation. NANOUSD rose to $1.70. Increased momentum denoted by the large candle pushed price to $1.80 in the supply area before the end of yesterday session.
Today’s 4-hour opening candle at $1.40 was a bearish pinbar an indication of bears dominance. This is creating a bullish flag which implies market correction and bullish continuation in the medium-term.
The bulls return is imminent which will commence after exhaustion of the bears' momentum Price is above the two EMAs and the stochastic oscillator signal undefined at 81% in the overbought region which may change after the strong pressure from the bulls.
NANO/USD Short-term Trend: Bullish
The cryptocurrency remains in the uptrend in the short-term outlook. The coin is in an ascending channel. The upper and lower line of the channel serves as the point for the bears and bulls return to the market respectively.
Although price broke out of the upper channel as it rose to $1.79 as the session ended yesterday but was back within the channel as the market open today with the bears in control. NANOUSD was down to $1.62 around the lower line of the channel.
Price is currently below the10-EMA at $1.71. A minor drop to the lower line may occur as indicated by the signal of the stochastic oscillator which points down to 52%. Before the bulls took over the market to push price back up the upper line of the channel.
Live Nano (NANO) Price:
1 NANO/USD =$4.2964 change ~ 4.45%
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