NANO – Incredible profit/loss ratio 1800%
Diupdate
Hi Guys!
Today we have another interesting project for you. This profit/loss ratio is really something big. This is the highest of any crypto we have ever described.
As we are on one of the lowest price levels ever, we assume we can lose 50% from today’s level (more info in the analysis below) and achieve ATH which was 10 TIMES MORE than 0.00028. So from each $100 invested we can lose $50 and obtain $900. This makes 1800% ratio calculated as $900/$50 * 100%.
So what is Nano? Nano is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. Offers feeless, instantaneous transactions, as well as, unlimited scalability, making Nano ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
Their ledger .in fact is the global set of accounts where each account has its own transaction chain This is a key design component that falls under the category of replacing a run-time agreement with a design-time agreement; everyone agrees via signature checking that only an account owner can modify their own chain. This converts a seemingly shared data structure, a distributed ledger, into a set of non-shared ones.
In other words with Nano each account has their own blockchain. Each individual user provides the computational power for the verification of their own transactions, meaning the entire network is not required to update the overall ledger together in massive blocks.
They claim they processed 4.2 million transactions with the ledger size of only 1.7GB.
This makes over 10K transactions per second.
Their team consist of 12 people mainly experienced developers.
Colin LeMahieu – creator and lead developer - a software developer for the last 10 years, Colin founded RaiBlocks, now Nano, in 2014. He moved to the project full time in 2017 and is spearheading the development of the core protocol. His interests include space technology, physics, and environmental sustainability.
Nano is ranked on Coingecko as #17 which is a very good result. Their development team is rated at 85% which is one of the highest levels among all cryptos.
They also have a decent group of supporters – nearly 100K followers on Twitter and 41K on Reddit. Nano is also supported by Ledger Nano which is very cool. You can store them in your private cold wallet.
So looking back on the chart.
This time we used many indicators as we think they might be useful this time.
So first of all – Fibonacci level – we are very low on this scale and we actually bounced off from the ground. It is even better visible when Visible Range Indicator is on. With blue lines, there were marked borders of price where 70% of people bought their Nano. We have just bounced off from the bottom blue line. The fair price was estimated on 0.00040. This is our first major target. The next one will be at the top of Visible Range which is currently on the level of 0.0007350.
Also MACD indicator looks promising. Since the middle of May, we have constant growth on MACD. Positive divergence was observed.
On Weis Volume we can see the biggest red waves since a couple of months. Of course, we need more and with very small or no supply (red) waves. Keep that watching.
Ichimoku Cloud – one of our favourite indicators. We crossed TenkanSen for good on 15th of August and for the most of the time, we maintain above. Even last 4H bar was nicely bounced off from red line which is of course TenkanSen.
Set your stop-losses at 0.00022. Just in case.
Guys what do you think of this project? Is it truly innovative?
Please do comment, share your thought and don't forget to follow us in order not to miss the update.
THANK YOU FOR ALL YOUR SUPPORT! :)
Hugs!
WBM Team
Today we have another interesting project for you. This profit/loss ratio is really something big. This is the highest of any crypto we have ever described.
As we are on one of the lowest price levels ever, we assume we can lose 50% from today’s level (more info in the analysis below) and achieve ATH which was 10 TIMES MORE than 0.00028. So from each $100 invested we can lose $50 and obtain $900. This makes 1800% ratio calculated as $900/$50 * 100%.
So what is Nano? Nano is a trustless, low-latency cryptocurrency that utilizes a novel block-lattice architecture, where each account has its own blockchain and achieves consensus via delegated Proof of Stake voting. Offers feeless, instantaneous transactions, as well as, unlimited scalability, making Nano ideal for peer-to-peer transactions. The network requires minimal resources, no high-power mining hardware, and can process high transaction throughput.
Their ledger .in fact is the global set of accounts where each account has its own transaction chain This is a key design component that falls under the category of replacing a run-time agreement with a design-time agreement; everyone agrees via signature checking that only an account owner can modify their own chain. This converts a seemingly shared data structure, a distributed ledger, into a set of non-shared ones.
In other words with Nano each account has their own blockchain. Each individual user provides the computational power for the verification of their own transactions, meaning the entire network is not required to update the overall ledger together in massive blocks.
They claim they processed 4.2 million transactions with the ledger size of only 1.7GB.
This makes over 10K transactions per second.
Their team consist of 12 people mainly experienced developers.
Colin LeMahieu – creator and lead developer - a software developer for the last 10 years, Colin founded RaiBlocks, now Nano, in 2014. He moved to the project full time in 2017 and is spearheading the development of the core protocol. His interests include space technology, physics, and environmental sustainability.
Nano is ranked on Coingecko as #17 which is a very good result. Their development team is rated at 85% which is one of the highest levels among all cryptos.
They also have a decent group of supporters – nearly 100K followers on Twitter and 41K on Reddit. Nano is also supported by Ledger Nano which is very cool. You can store them in your private cold wallet.
So looking back on the chart.
This time we used many indicators as we think they might be useful this time.
So first of all – Fibonacci level – we are very low on this scale and we actually bounced off from the ground. It is even better visible when Visible Range Indicator is on. With blue lines, there were marked borders of price where 70% of people bought their Nano. We have just bounced off from the bottom blue line. The fair price was estimated on 0.00040. This is our first major target. The next one will be at the top of Visible Range which is currently on the level of 0.0007350.
Also MACD indicator looks promising. Since the middle of May, we have constant growth on MACD. Positive divergence was observed.
On Weis Volume we can see the biggest red waves since a couple of months. Of course, we need more and with very small or no supply (red) waves. Keep that watching.
Ichimoku Cloud – one of our favourite indicators. We crossed TenkanSen for good on 15th of August and for the most of the time, we maintain above. Even last 4H bar was nicely bounced off from red line which is of course TenkanSen.
Set your stop-losses at 0.00022. Just in case.
Guys what do you think of this project? Is it truly innovative?
Please do comment, share your thought and don't forget to follow us in order not to miss the update.
THANK YOU FOR ALL YOUR SUPPORT! :)
Hugs!
WBM Team
Catatan
Visible Range Catatan
MACD and Weis Volume Catatan
Fibonacci scale Catatan
Far above TenkanSen Catatan
Alignment with Fibonacci levels - 0.0004625 - important level to break. We should reach level 0.00070 within a month. This will be the end of Visible Range marked up on the chart above. Once broken we can count on more. Time will https://tell.https://www.tradingview.com/x/lcfr0jw5/Catatan
Set stop-loss at 0.0002585 for the time being
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