Pennant - Short Term TargetThe concept behind the flag and pennant patterns is that the momentum seen during the flag pole phase could continue once the pattern completes. Therefore, measure the size of the flag pole, then add that length to the bottom of the flag/pennant for bullish patterns.
Lets see how does WAN respect TA :)
Sell price target: 0.00059782
TBH, I wouldn't be surprised to see another flag or pennant on the above level.
- Prepare some popcorn, I hope to have some fun here finally!
Wan
New Coin! BinanceShort write up but you have seen me post these same set ups before, we buy the first candle to close outside the channel (green solid line)
Stop loss is set just below this green solid line.
Targets are green dotted lines, these new coins attract attention when they break and are fast movers. You have seen this with a number of new coins we have now traded together.
Coin is currently building up nice momentum this tells us we will break high BUT we don't buy until its confirmed. With BTC moving around we need to buy confirmations more then speculations.
Cash Is King!
WAN - a true jem!I rarely analyze or daytrade short timeframes, especially for a coin that has been traded for less than 48h in an illiquid market.
While hoping yo catch WAN at a much lower price, short-term I will be watching this movement.
In my opinion WANCHAIN will be one of the best performing coins in 2018-19. Expecting it to enter the top 10 market cap list fairly soon.
Wanchain 2.0 Target PriceWanchain 1.0 is the first smart contract platform with private transactions (ring signatures) live on mainnet.
- Wanchain announces ICOs in April
- A major exchange lists WAN
- BTC breaks upwards out of the triangle
- Wanchain 2.0 release in late June will include a multi-currency wallet to support cross-chain transactions with ETH and ERC20 tokens
This combination could push WAN up into the top 10 market cap in June.