Patience pays off (update 2)

The NANO (XNO) chart has formed an interesting structure. The exit from a bearish flag has turned into another bearish flag (pennant). This is not a good sign for the bulls and we can expect more downward move. However, as I have already mentioned in my previous two analyses, in my opinion this will be the last drastic decline. After this, I think we can expect the price to slowly head upwards.

The above analysis is my personal opinion and should not be treated as financial advice.