Technical analysis NANO. NANO-BTC on July 26, 2018

#NANO

It follows the downtrend for a long time. On 1 day timeframe we can notice the formation of the local support on 2700 level from which we bounce and test the resistance at Fib 0.236 of the last wave of a fall. The price can consolidate within 2700-3051 but the movement below the support will continue the downtrend movement and the break of the local resistance will push the market to the higher Fibonacci levels. There might be not enough strength to touch Fib 0.786, but it is possible to enter Fib 0.5 – Fib 0.618 range.