DO WE COME BACK DOWN OR CREEP ALONG RESISTANCE?

Applying an EMA Ribbon for BINANCE:NANOUSD shows solid support above the 20 EMA for the 1D. (The 4H looks very similar as well).

Stoch RSI shows grossly oversold conditions as well.

MACD and Stock RSI help confirm the bullish nature as price is staying suspended. I am just curious how far we move into the wedge before a nice breakout.

Kommentera:

Just an update: We are now hitting local ATHs in February, before COVID-19 caused all markets to take a dump.

If we break $1.15, I am back in. If not, my stop is set at $1.10.