WANWhere does WAN go? This choice will be made soon enough and after that I'll let you know how I'm going to approach this one. There should be a proper trade right here.
But for the moment, Wancoin seems to be moving sideways in an upwards channel that could have some downwards potential and that's why I'm going to wait for a clear signal.
If you like a little risk/gamble you could get in now, because I do see this break to the upside.
Target anywhere between 10494 / 14494
Wan
Wanchain, WANBTC Possible Cup & Handle and Wave 3 in The Making!Wanchain (WAN) a distributed financial infrastructure coin powered by cross-blockchain smart contracts with privacy protection has become one of the more popular and good performing coins after their very successful ICO and listing on Binance.
Good team and project so you can't do much wrong with a Wanchain in your portfolio.
If we look at the chart, then we can also see an interesting development.
After a very nice runup and consolidation Wanchain, WANBTC had clearly broken out a Bull Flag pattern but found resistance around the 0.0008100 level to eventually fall back to around the 0.0007300 level.
This also happens to be close to the lower channel line WANBTC is in. So around the 0.0007300 area should give WANBTC a good level of support.
If we look further and use a little imagination we could see a start of a Cup & Handle pattern forming. And if we add some Elliot Wave theory into the mix, then we might see the start of a Wave 3 as well:
So a lot of signs that we can trade on for a short-term swing in WANBTC.
Levels to take a look at if you want to trade Wanchain, WANBTC:
Buy Area:
0.0007300 - 0.0007600
Profit Target:
1. 0.0008095
2. 0.0008498
3. 0.0008785
Stop Loss:
0.0007136
Remember you can use a larger stop or no stop at all if you believe in this coin for the mid or long term. This way you can just ride it out and don't have to worry to get stopped out and miss the swing.
This also accounts for the profit targets, if you believe in this coin, then you can just ride it out as long as you like or feel comfortable.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it! This is for good karma :)
And until next time, good luck with your trading!
Wancoin is tankinggiven the $waneth 1h chart i would consider making an entry at the highlighted zone. great R/R
WAN and their projects can make over 60%Wanchain is a distributed ledger that records cross-chain and intra-chain transactions. The ledger not only supports smart contracts but also supports privacy protection.
Their roadmap is following and looks pretty good:
2018 / 06
Wanchain 2.0 (Integration with Ethereum, Multi-Coin Wallet)
2018 / 12
Wanchain 3.0 (Integration with Bitcoin, Multi-Coin Wallet)
2019 / 12
Wanchain 4.0 (Integration with Private Chains, Multi-Coin Wallet)
From the TA, it looks also very good and has made a little correction. The correction was inevitable to go further. This coin is only a middle term. If you think it is still overbought, just wait and go in later. But it can also be too late.
The team is currently publishing their projects. This is why it can go much further. This is only the beginning of this coin.
Enter:
0.00068-0.00069
Sell:
1. 0.00078
2. 0.00082
3. 0.00100
4. 0.00120
Thank you for watching us,
Exclusive Signals Team
Wanchain Looking HealthyToday Wan broke out of 6650 Satoshi support level. This is good news for bulls.
If we consider Wan`s movement from 3950 to 8550, first impulse wave up, from 8550 to 6650 ABC correction, then we can expect two more waves up.
However there`s a chance of ABC correction not being done. I have shown that possibility with yellow arrows.
Resistance levels are :
7465
8550
Going above each resistance level and stabilising there, will turn it to support.
Support levels are :
6650
5730
Going below each support level and stabilising there, will turn it to resistance.
Fib extension levels are :
1120
1390
If Wan breaks 8550 resistance, there`s a high chance we reach fib extension levels.
I will try to update the chart as frequently as possible.
WAN for the bounceWan holding the .386 fib
Stoch oversold
MACD looking to reverse to the bullish side
Volume not looking to good. Its dropped right off showing bearish divergence.
I'm more short on WAN than long.
Don't forget to hit the like button or follow me on Trading View for more chart analysis
ELFETH elliot wave To cut it short i'm learning elliot wave theory and i'm really just lookinghow this one plays out but anyway,
we are having higher lows on the rsi tried to break though twice but failed
the MACD support line lookins like its gonn twist
Just hoping it would continue this support trend line and not break it but time will tell
Trade safe
Samurai Ben Shoalin Style "Wu Tang For ever"
WAN undecidedWan at a crucial stage.
- Sitting on the .382 (first stop)
- Volume hasn't increased which is a bit worrying
- Indicators arn't showing and real structure
-If it does break the .382 we will most likely see it go to the .618 fib
- For me this is a watch and act. If i can get some bullish structure in price and indicators then i may consider this trade
Don't forget to hit the like button or follow me on Trading View for more chart analysis
WANETH "what will happen?Hey whats up Ben here,
So lets get right into it,
red dot line - is where the wall is so that would be a support line
The MACD - looks like it would be bullish with the hisgher lows
This was an update towards the black tend line wher eit broke,
RSI loos like a slow but surely "healthy in my eyes" uptrend just hoping it would not drop any lower but everything is possible always keep that in mind
Ema is not on our side yet i would not decide until i checked the 4 hours one 'below"
----
the MACD on 4 hour looks like it might have reached lowest end 'hopefully'
This ema still shows a upwards trend but shows weakness i would wait a few min and check to buy,
i already have a open orders in the close range of the red dotted line
Any advice,support is always welcome
Trade Safe
Ben
WanChain Update - Short Term Retrace on The CardsMy last WanChain update hit it absolutely on the head. And I am saying the same thing again.
Congratulations for those who are taking profit or looking to take profit.
WanChain needs to reset briefly before continuing. Like a runner needs to reset before his next race.
I'm going to leave the talking to a minimum.
-WanChain has conducted a fifth wave extension.
-Community is bullish
-Retrace coming before likely continuation, anywhere between 64-58. Could be over already with last dump
-Retrace likely to be higher than lower, due to wanchain HODL'ers
FIB levels in the chart
WAN/ETH Short term predictionWAN/ETH was listed on Binance and is still too young to make a long term analysis. For the short term, I expect WAN to follow the pattern above.
This prediction is heavily subject to what BTC will do, if BTC goes down to <6k, WAN will take a hit too.
I am very bullish on WAN in the future, especially with the plans and announcements for upcoming months.