Price broke the channel to the upside. If this repeats what it did in May 2019, bull case will play out by end of next month.

Does any of those scenarios scare you? If yes then your position size is too big to handle the volatility or you are under positioned for a face ripping rally.

Top Nano whale account balance went down from 1.1M nano to 100k nano coins. Total 1M coins have been sent to Kraken by this account in the last two weeks. This account added most coins in Sept & Nov 2022 in the range $0.8-$0.6 $Xno $Nano #Xnowhale Source:

@jorgemois -100k an hour ago -100k (8 hours ago)

@PAWBANXNO Probably securing his profits from his November buys. Still holding 600k though. A quite significant bullish position.

@SaveNanoX Like your nano charts but all I see here is 12H closed below support. Retest of 70-72c may be likely unless BTC rips higher. $Xno

@chris27208 The early stages of any new technology is very painful. Adoption takes time sometimes painfully long.

@chris27208 I think the whale activity is what drives the price action for small caps like Nano. More often than not, it’s the leading indicator. Yet, most traders ignore or pay no attention to it.

@chris27208 Nothing wrong in selling. Remember this chad almost nailed the absolute bottom.

@naxno_io @crypto____info The tx’s were 24-48 hours back. I would think most of those coins should be sold and absorbed by the market already. Considering this whale still got 800k, may be he is trying to hedge for downside risk or to buy back at lower price.

@JosRedondo11 nano_3oq6zsnutx3a97dbgk75ac7suf1i9uaq3jnnccpz5k1q4z4bemfcdcgbchd6 Link below.

@krap_invader Totally agree. It’s fascinating to see how the middle line of that parallel channel held as support for the last six months.

Almost there 🧐 $Xno $Nano

A simple but powerful investment strategy is to buy something above 200 DMA and sell below 200 DMA. This could save large drawdowns as all bad things happen below 200 DMA. Not applicable to sideways markets.

@brstraka They are indeed. All good things happen above 200 DMA :)