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Wanbtc

WAN / BTC - Possible Cup and Handle formation#Wan / BTC - Possible Cup and Handle formation in Wan vs BTC . Not perfect one - Price action still looking good even with a drop in the movement. However, we should be looking bitcoin doesn't drop below 8900$ because it could be throwing this trade. - Most indicators still looking good for a continuation bullish price action - I find two important stop losses. Classic point on the lowest price of the handle or a very tight point, Daily EMA20 + last base candle. According to your trading style, you will need to update it or not. Good luck Remember use correctly your bank , develop and decide each investiment for yourself, that's my own trade.
Long
by MikeCryptoSignals
WANBTC | Analysis WANBTC recently flipped the 2282 sat resistance to support, overcoming the 200 Day MA. It was rejected from the support quite strongly, indicating good demand at the support. Now WANBTC will progress higher to the next resistance which is 2927 Sats (22%) Overcoming that resistance, our overhead resistance is cleared till our first take profit region TP1 (50%) On reaching TP1, i'm expecting the price action to consolidate / Pullback a bit to form a proper support on a higher high basis. I will update more regarding the possibility of reaching our TP2 and TP3 based on the underlying market sentiment at that time. Hope you liked my analysis on WanChain/Bitcoin. Please leave a like and follow for more charts :) Thank you!
Long
by kautilya_k
WANBTC | Volatility Contraction | Trade Setup Today’s Chart- WANBTC – trading in a poll attempting to breakthrough local resistance Points to consider: - Below average volume - Volatility contraction - RSI bearish divergence - Failed breakout attempt WANBTC currently putting in a weak retest of local resistance after a recent failed breakout attempt Volume is clearly declining and remaining below average, this is usually an indication of an influx being imminent Volatility has also contracted with multiple inside bars indicative of an impending breakout The RSI has a valid bearish divergence, a sign that the local trend is weak Overall, in my opinion, WANBTC is likely to retrace to the 100 EMA or local support where a long position may be opened and added to as we verify a successful S/R flip above local resistance with a target of .618 Fibonacci retracement also in confluence with structural resistance.
Long
by Kudiiee
WAN/BTC 1D (Binance) Descending channels about to crossTA: Wanchain is facing one parallel channel support (pink) and the other on resistance, I'm expecting a breakout of the big one (beige). FA: WAN is also a staking coin with high APR (+5-6% at least) and releasing DApp services as mentioned in their 2020 roadmap. Current Price= 0.00001845 Buy Entry= 0.00001850 - 0.00001676 Take Profit= 0.00002197 | 0.00002629 | 0.00003324 Stop Loss= 0.00001329 Risk/Reward= 1:1 | 1:2 | 1:3.6 Expected Profit= 24.62% | 49.12% | 88.54% Possible Loss= -24.62% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 1080h
Long
by TradingOn
5
Obi WAN Kenobi - Time to move?Self-explanatory chart here on WANBTC EMA's are starting convergence and will soon cluster, acting as a nice support base for WAN to sit before a potential move to the upside. We still have this 200ma acting as resistance, but so far from our original entry at 1684 sats, we're having another go at a kumo edge to edge. This would be a medium term hold, so not concerned about any minor moves to the downside and that currency MA cluster as I'm seeing that as a good level of support. Time will tell!
Long
by Unity-Trading-Group