Wanchain
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
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Not even going to go into details on charting this oneWAN is a monster. It's in a clear uptrend right now. Fundamentally. this is blowing past a billion dollar market cap and will have an extraordinary year for many reasons:
- It's use cases are going to give it mass adoption
- It's part of an alliance with two other companies that will complement each other effectively:
1. AION/BTC; www.tradingview.com
2. ICX/BTC; www.tradingview.com
- It's an infrastructure project where other companies can build off their own ico's/protocols on the platform. If you're new to crypto, look at ETH/BTC for historical reference.
- It's yet to tap into the full South Korean market. A good chunk of South Korean population has already dived into crypto and will continue to grow
(reference article: www.cryptoambit.com )
- it's only on two exchanges and already has a 600m+ market cap. Wait until it hit's bithumb and upbit, where there's direct fiat pairs available. For a reference to to the volume that occurs when this happens, refer to STORM token at the end of March (Link: www.tradingview.com)
- It's already got a solid and growing cult following on social media. HODL gang strong.
Just sit and enjoy the ride. No need to dive deep into the technicals for this one other than for accumulation.
Time to sell is upon usThe volume has dropped almost 50% from its highest trading volume point. In addition we have to remember that on this run up, all that buying pressure wasn't purely to hold. We can expect some profit taking as well to the fib levels. There will likely be one last bull trap, where new community members get minted before heading down. WAN still has to find it's true supports, as it hasn't spent much time consolidating and accumulating yet. To expect a 100% run up as we saw, without a retracement would be naive. 58k sats is a high potential area for a rebuy in the next few weeks. Every coin that goes up, comes down. WAN will be no different as traders take profit
WANCHAIN looking bearish on the hourly?Pretty new at this so go easy...
It looks to me like a Head and Shoulders pattern formed on the hourly chart and the price has dropped below the 50MA and 20EMA but remains just above the 9MA. Along side this over on the 4 hourly chart a bear flag is forming.
Price strength confirmation and previous resistance found at the 0.618 fib level at 64500 sat looks to be the next strong support level.
Advice, re-education welcome as i say pretty new and i'm trying to learn so might be wrong.
WANBTC Looks Bullish on Strong MomentumWanchain a community favorite along the lines of Aion, Wanchain, and Icon.
It looks like a solid consolidation and steady growth building support. Looks like after it hit the exchanges lots of people are still holding onto this asset.
Don't forget their Blockchain Interoperability Alliance, a shared goal of promoting interconnectivity between the isolated blockchain networks. medium.com
Some things notable on calendar: bit.ly
April 16: Six projects announced to launch on their blockchain
June 30: Integration with Ethereum and Multi-Coin wallet
December 31: Integration with BTC & Multi-Coin Wallet
December 31: Wanchain 4.0 introduces private chain integration and multi-coin wallet.
I'd like to know when we will have an 'all in one wallet'. One wallet to rule them all sort of speak. We still don't have wallet support that supports all coins in the crypto space.
I'd buy at every small dip available. I don't see this dropping significantly anytime soon.
$WAN Congrats guys and girls!!!! As one of the first to start charting this here, lets celebrate......
$wan is on a amazing run as predicted, with still 3 days before the meeting,the hype is un real.
$WAN is in a no trade zone because hype, would hate to short and be sitting on side line. Honestly I did at beginning of run and got #REKT leaving me in a high risk reward situation fighting #FOMO. But we probably should start taking our investment out at some point, and ride rest to moon.
Happy Hunting all!
muchLOVE muchWOW
dDoge
Congrats alll!!!!!!
We call $WAN first here :
and averaged down to here and nailed bottom :
#BTFD
#HOLD
$BTC $WAN $ONT $NEO $CPX $NEBL
WAN DROP TOPWan is currently oversold and RSI, MOMENTUM, AND STOCH divergence is showing a drop is imminent. An ABC correction to test the EMA is anticipated. A doji followed by a forming hang man candle is present,but there's still time left for the candle to form something else. Green box near 0.618 fib is first target. If that breaks, 0.5 fib, then 56k satoshi range near 0.38 fib are the next targets.
WAN/BTC 4HR WAN has seemed to have run out of steam. As you can see RSI is showing Bearish Divergence, Volume is starting to wind down and we have multiple FAILED attempts to break that resistance level.
Here's a Fib Retrace on the 1 hr with some Support/Resistance levels slapped on.
I plan on scaling back in sometime next week.
Happy Trading!!!
BTC - What's going on? !!!??Hey everyone,
More in depth chart above ^^^^^^
So it looks like BTC -4.23% -4.21% had very harsh sell volume kick in at the 61.8 fib region of the previous downleg.
Unfortunately, 7150 was already a big resistance zone. Now it has even more resistance.
- I spot this leg to be an ABC upwards, with a very slim chart of it actually being a 5 wave impulse upwards.
- This is because when I counted those waves on this leg up, they all painted 3's with a last leg extension.
This means that lower targets are more likely to be in play & we fit into our common glove - WE ARE STILL IN A BEAR MARKET.
***The previous down leg we've had this past week therefore is likely to be a first wave, this bounce wave 2. This means, yes, wave three is highly possible. It can be discounted of course, but please keep this likely scenario open.
I'll keep it quick.
- A movement back up above 7.2k will validate a bullish movement.
- A movement below 6.6k will validate a more bearish count.
Lower target? 6K and below
Higher Target? If 7.3k.
Time frame? Uncertain. And - do not play to predict the future.
Play as if you are ready to enact plan A. Or plan B. Do you have either?
If you have anything to share as always, please comment below.
Wan Chain Standing TallWan Chain has steadily shown integrity in a difficult market.
Strong coin this one.
WanChan Update - Does it have gas? Possible reset in order-Wanchain 3rd wave complete.
-5th wave always uncertain, but fomo is strong. Bad setup for new trades right here.
-MacD dangerous, RSI is looking like it has had 3-4 elliot waves down. A full reset would have it have one more fifth wave down and move sideways. This would be a good confirmation signal.
-Bouncing of EMA
-Has run hard and quickly, wave 2 retrace was deep so wave 4 understandably would be more shallow.
Trend analysis sentiment is therefore very neutral. But risk is 5/5.
It is a hard trade to take at these levels. If BTC confirms a move above 715, Wan is likely to run a target of 57 but then see a v forceful correction of around 10-20%
If you are taking the trade at 54, a stop loss should be set a 5k. This makes the RR almost 1:1. Making it a very bad trade to take at these levels.
Therefore, if you are desperate to buy (for short term investors) portions can be bought but NEVER your full trading size with a RR such as this. I would personally ladder down.
MACRO TARGETS FOR PEOPLE WHO GOT IN EARLY REMAIN AT 58-6K.
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/BTC C&H 4hrI moved into WAN yesterday and have been waiting for a little breakout.
It looks to be forming a cup and handle on the 4hr and on the 1hr we have a nice little break above the EMA's.
I'm expecting more volume to pick up this evening.
Those 2 resistance points are my target profit zones.