Nano (Binance: NANOUSD) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, NANO began a wave one advance on January 10. The red wave one finished on January 17, and the red wave two correction ended on January 24. The red wave three advance finished on February 15, and the red wave four correction ended on February 20. If this wave count is correct, NANO should be heading next towards the February 15 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Nano describes itself as an open source, sustainable, and secure next-generation digital currency focused on removing perceived inefficiencies present in existing cryptocurrencies. Coin Bureau reviewed the project back in October 2019.
(Sources: https://nano.org/en)How Will Nano Trade?
Nano (Binance: NANOUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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