Connect with us

Bitcoin News

Nano Price Prediction Today: Daily (NANO) Value Forecast – June 18

Published

on

Nano-Founder-Blasts-XRP-Currency

Nano-Founder-Blasts-XRP-Currency

  • The following day the bulls were resisted and the NANO market was on a downward correction to a low at $1.52 price level.
  • On the upside, if the bulls break above the EMAs, the NANO price will rise to retest the overhead resistance level.

NANO/USD Medium-term Trend: Ranging

  • Resistance Levels: $1.50, $1.60 ¸ $1.70
  • Support levels: $1.40, $1.30, $1.20

Yesterday, June 17, the price of NANO was in a sideways trend. The crypto was ranging below the 12-day and the 26 day EMA after a downward correction. On June 13, the NANO was in a bullish trend as the market reached a high of $ 1.75. The following day the bulls were resisted and the NANO market was on a downward correction to a low at $1.52 price level. The crypto’s price is now below the 12-day EMA and the 26-day EMA which suggest that price is likely to fall.

On the upside, if the bulls break above the EMAs, the NANO price will rise to retest the overhead resistance level. On the other hand, if price fails to break above the EMAs, the crypto will continue its range bound move. Meanwhile, NANO price was in the oversold region of the daily stochastic but below the 40% range. This indicates that price is a bearish momentum and a sell signal.

NANO/USD Short-term Trend: Bearish

On the 1-hour chart, the NANO price was in a bearish trend. The 12-day EMA and the 26-day EMA are trending  horizontally. The crypto’s price is fluctuating below and above the EMAs. On June 17, the bears broke below the EMAs and price is falling below the EMAs
Meanwhile, NANO price was in the oversold region of the daily stochastic but below the 40% range. This indicates that price is a bearish momentum and a sell signal.

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

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2019 The Crypto Report