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NANO Price Prediction Today: Daily (NANO) Value Forecast – June 28

Azeez Mustapha
June 28, 2019

The short and medium-term outlook is in the uptrend.
Responsible buying recommended.

NANO/USD Medium-term Trend: Bullish

Supply zones: $1.80, $1.90, $2.00
Demand zones: $1.00, $0.80, $0.60

NANO is in a bullish trend in the medium-term outlook. The pressure from the bears was weakened at $1.17 in the demand area during yesterday session. Another attempt was made by the bears to push price down in the same area but it was rejected.

Wicks at this area signaled exhaustion and a trend reversal as the area remained strong support for the bulls' comeback.

The market opened today at $1.29 with two spinning top formed at this area suggest extra confirmation of an imminent bullish takeover the medium-term.

Price was already up at $1.31 in the supply area attempting to break out from the resistance at the 10-EMA.

The signal of the stochastic oscillator signal points up at 11%in the oversold region an indication of upward momentum in price as more buyers take positions and more candles opened and closed above the two EMAS.

$1.45 is the bulls initial target while $1.65 in the supply area is the second target in the medium-term.

NANO/USD Short-term Trend: Bullish

The cryptocurrency continues in the downtrend in the short-term outlook. The bears lost momentum at $1.20 in the demand area after wicks and bullish pinbar were formed in the area before the session ended.

Although today opened with a bearish doji price was only down to $1.20 before the bulls took over the market. NANOUSD rose to $1.31 in the supply area as it journeys up north.

Price is above the 10-EMA and the resistance at the 50-EMA may be broken with the bulls as they increased momentum in the short-term.

The stochastic oscillator signal pointing up at 71% which suggest upward momentum in price in the short-term. The bulls may push price up to $1.25 in the supply area. This is the 50.0 fib area before a possible reversal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.