Wanchain (WANBTC) broke key supportWanchain is breaking key support level. If the daily candle closes below the uptrend support line then I would expect the price go further down to the 0.618 Fibonacci level in a ABC zigzag move.
Wan
WANBTC's strongest support (linear)I think it is a great coin and will bounce hard! I set up resistance & supports for ya'll
*UPDATE* WANchain EW count...so far so good5/10: Current EW count for the WAN and only...
- waiting for peak of B wave for confirmation (also to form HnS)
- then the break of HnS neckline/ 0.382 fib for further confirmation
- looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far)
- New to EW, so any corrections/criticisms would be much appreciated! Thank you!
5/11: *UPDATE*
- Corrected the subwave count of wave A (shoutout to @fiberoptimist for catching that)
- Giant HnS still in play, but way too soon to confirm
- BTC dumping and taking everyone for a ride
- Broke support HnS neckline most likely due to BTC
- wave A bounced right off 0.5 fib as expected and now working on wave B up
- wave B looking to backtest neckline support and could go as high as 9200-9400 sat before starting wave C down
- potentially looking for entry <7400 sat
***Just a friendly reminder to be careful out there when BTC is on the move***
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Wanchain in an Ascending Triangle Breakout Pattern.Hey, I am back with another Technical Analysis this time looking again at Wanchain .
Last time my Analysis on Wanchain has seen almost instant breakout.
Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy
That was about Wanchain in short, lets take a look at chart
Ascending Triangle has occured, simple.. not much to say other that than.
What does Indicators show?
RSI - Wanchain is climbing above the bullish Level, needs to stay above to stay bullish.
MACD - there were few sellers compared to buyers, currently looks like sellers are leaving and buyers are coming, abou to give buy signal.
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel!
Hope I made your view on whats going on with Wanchain somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Falling Wedge on WANBTCShowing a Falling Wedge on WanChain. It looks like all the altcoins are bouncing. Be careful for 1 more leg down before a big push up.
Wan where do we go next? Update WAN / BTC
We saw a retest of the 0.5 Fib LvL ( 7371 ) - bounced from there and are now we try to go back to the 20EMA. ( Green line )
If we close above the 200 MA ( purple line ) we will restest as said on top the 20EMA and then the 50 MA.
BTC needs to stay stable.
Wan entering buy zone, ST short MT LongWAN letting bears get traction, momentum will carry them through ST but'll inevitably kick the bulls into gear. A great time to add $WAN the swag bag.
Wanchain is most certainly a long term hold especially being recently listed on Huobi Pro exchange. Nows your chance.
WANchain EW countCurrent EW count for the WAN and only...
- waiting for peak of B wave for confirmation (also to form HnS)
- then the break of HnS neckline/ 0.382 fib for further confirmation
- looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far)
- New to EW, so any corrections/criticisms would be much appreciated! Thank you!
* This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
WAN holding support looking good for nowWAN is holding support which was the previous strong resistance level, Stoch RSI is also turning and looking good. If it continues than the next short term target is at next resistance level around 9300-9350
#WAN in my eyes look very very good and bullish. Lets play !#WAN in my eyes look very very good and bullish. Lets play !
WAN Trends in Elliot Waves [WAN/BTC]I really dislike how the corrective waves are- but we are rolling with it. I have mapped out a plan for all the given situations on the chart.
Potential b leg on a corrective wave opportunity due to a bounce on the trendline, ema and RSI levels support this play.
Could be a really good pick up for a longer hold if the formation doesn't break down.
There is the chance it retraces higher (top of channel region) past the resistance target I have set due to how the previous corrective wave met the top of the channel.
This is setting up really nice on the 4hour for a knife catch.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Potential breakout WAN short
I could see this happening a few days back but had no guts to publish. We might see a correction very soon. Be prepared.
Not a trading advice just my opinion,
WAN: 30 minute chart. Another leg up?WAN is definitely strong in the market, still. Attached my current trade.
-EMAs crossed
-RSI still healthy-ish
-Possibly slight bullish divergence
-Bears being rejected at noted Fib levels multiple times
-Decent retrace from previous run up (short term)
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
WAN rumour - listing on Chinese exchanges?If you look at AE and MCO with a timeframe that includes their addition to exchanges you can notice a visible boost. Can we expect this from WAN?
Interesting patternHey peeps, was tracking WAN's path and just had an "aha" moment, because it's not something I usually take into consideration. Wondering if this will work out.
I'll give an update with what I've found if the prediction will play out well.
Stay tuned!
I think Wan will have a powerful comebackOnce BTC goes sideways the alt market will come back into the game.
Wan is a great project - and I think in 2 weeks we can see this strong raise.
Lets hope we have grown enough for one day in btc value!
Made already great profits with this profits! :)
WANBTC - Abandon Ship! Rising Wedge at PlayLast night I drew 2 lines to see if WAN will continue up and hit the key resistance, it did... Now, it is on the support of the Rising Wedge.
Take profits & re-enter back at a better price for some quick daytrading gains.
I made this chart a while back when WAN was WANding up...Thought I'd share it with my followers here though.
WAN lower volume while price increasingI have sold some of my WAN at 9050K sat as volume came down during the past 2 days while price kept increasing. Combining the two indicates price action is unsustainable to me.
Im setting buy orders around 7K sat at the 0.5 fib retracement as ichimoku shows little to no support coming days on a higher level then 7K and Chikou Span is closing in on the candles.
RSI is showing lower highs and MFI is overbought what support my trade.
Support/resistance line seems strong around 7K sat.
Dont want to find myself in another icx situation when TA signs are clear, profits are good and no new price action catalysts that arent already calculated in through fomo.
all feedback and corrections are welcome, please be kind.
WANBTC - Wave- & Structural Analysis and Fibonacci ExtensionQuick chart for WANBTC, MACD looks bearish 4H so correction is probably now continuing 19-21 April, then more up expected.
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-TheTrex
WAN/BTC: ABC correctionAfter the big gains WAN had, it's time for a small correction. I will set a buying ladder 6200-5800 satoshi.
