NOSANA - 6 MONTHS OF GROWTH - TOP END TARGETS FOR ALTSEASON
Many reasons to be bullish on Nosana!
Looking at the 3-day chart for NOS/USDT, we are currently at a critical support level that aligns with historical price action and the 0.236 Fibonacci retracement of previous move at $1.7884.
The chart suggests a long from this zone, with a trajectory towards the upper resistance levels indicated by the Fibonacci extensions. Key targets are:
Important Level 1: $7.9474 (Previous Highs)
Sell Target 1: $13.5159 (1.272 Fibonacci extension) (7x from these levels)
Final Sell Target: $26.5585 (1.618 Fibonacci extension)
I’ve marked the Sell Zone in red between $13.5159 and $26.5585. This is where I plan to begin offloading positions and look for a retracement or consolidation period, as the asset could become overextended.
Volume is picking up, and momentum indicators suggest the start of a reversal. The blue curve illustrates a projected rise in price action as the market starts to recover. I'm anticipating a significant increase over the next 192 days, with a potential gains of +2,000% to the $24-$26 price zone.
It's important to monitor how the price behaves in this area and whether it can hold above critical support levels like $1.79 and $1.27, or if it retests the lower boundary.
Disclosure: This is not financial advice. Please do your own research and consider your risk tolerance before making any trades.
Looking at the 3-day chart for NOS/USDT, we are currently at a critical support level that aligns with historical price action and the 0.236 Fibonacci retracement of previous move at $1.7884.
The chart suggests a long from this zone, with a trajectory towards the upper resistance levels indicated by the Fibonacci extensions. Key targets are:
Important Level 1: $7.9474 (Previous Highs)
Sell Target 1: $13.5159 (1.272 Fibonacci extension) (7x from these levels)
Final Sell Target: $26.5585 (1.618 Fibonacci extension)
I’ve marked the Sell Zone in red between $13.5159 and $26.5585. This is where I plan to begin offloading positions and look for a retracement or consolidation period, as the asset could become overextended.
Volume is picking up, and momentum indicators suggest the start of a reversal. The blue curve illustrates a projected rise in price action as the market starts to recover. I'm anticipating a significant increase over the next 192 days, with a potential gains of +2,000% to the $24-$26 price zone.
It's important to monitor how the price behaves in this area and whether it can hold above critical support levels like $1.79 and $1.27, or if it retests the lower boundary.
Disclosure: This is not financial advice. Please do your own research and consider your risk tolerance before making any trades.
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