The NANO market has a created a horizontal trend channel.
As you can see in the 4-hour candle graph, the resistance line has been tested three times before it broke down(marked with a circle).
We could probably see a price correction when NANO breaks over the resistance(opposite of last time).
Or we could see a similar drop in price.
I would wait for 2 green / red candles on both sides of the channel before placing my trade to make sure it's not a trap.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.
As you can see in the 4-hour candle graph, the resistance line has been tested three times before it broke down(marked with a circle).
We could probably see a price correction when NANO breaks over the resistance(opposite of last time).
Or we could see a similar drop in price.
I would wait for 2 green / red candles on both sides of the channel before placing my trade to make sure it's not a trap.
Comment below what you think is going to happen, and why? What is your trading plan?
If you like the idea, do not forget to support with a like and follow.
