The cryptocurrencies STEEM and NANO have significantly strengthened their positions over the past couple of weeks. In the short term, both of them made a bullish breakdown of continuation patterns, demonstrating a willingness to continue growth.

NANO

The NANO rate has grown over the past 13 days by 60 +%. The crypto community member CryptoShelby (@CryptoNewton) drew attention to the bullish flag on the chart of this currency. He wrote on Twitter that NANO is in the process of a bullish breakout of the downward channel and set a target of 1100 satoshi.

Indeed, the NANO rate today is a bullish breakdown of the downward channel, and this breakthrough was accompanied by decent trading volumes, which gives it significance.

At the time of writing, the pair was trading near the resistance area of ​​10,000 Satoshi, which used to play the role of the upper boundary of this channel.

On the daily chart, we see that the price has pierced two important resistance levels: the area of ​​9500 Satoshi and the 200-day moving average (MA).

In addition, although the RSI indicator is overbought, it still does not give a bearish divergence signal. Therefore, the pair retains the potential for continued growth up to the next resistance in the area of ​​12,000 Satoshi.

STEEM

STEEM has grown over the past 4 days by 31%. The potential of a bullish breakthrough was announced today by the trader @ CryptoBoss1984, who shared with readers a chart depicting a downward wedge, which is traditionally considered a bullish reversal pattern.

On a short-term timeframe, the pair really made a bullish breakdown of the downward resistance line, although the downward wedge on this chart is not so obvious.

In addition, the price holds above the support area of ​​2360 Satoshi, which played the role of a maximum during the previous growth phase. On the chart, bullish divergence signals are developing, and if they intensify, this may lead to market growth in the direction of recent highs at 3,100 satoshi.

On a longer term chart, an important area of ​​resistance lies at 3,000 satoshi. Yesterday, the price rebounded from it, forming a very long upper candlestick wick.

Thus, the price retains the growth potential for this area, however, the chances of its net breakdown at the moment seem to be low.