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!
Wanchain
WANBTC Short Term Scalping for 15-20%#WANBTC Short term Scalping Trade:-
Entry:- CMP ( Current Market Price ( 2200 Satoshi)
Target: 2742/3163 Satoshi
Stop Loss:- 2066 Satoshi
Guys Must Keep in mind place Stop loss for safe zone.
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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.
#WAN — Another chinese project you need to pay attention#WAN — Another Chinese project you need to pay attention 👀
Here are some notable releases you can look forward to over the coming weeks & months:
- STO platform
- 2-way bridges
- Cross-chain lending and borrowing
- Crypto payments ( WBTC, WETH, WEOS, $WAN)
- P1. Decentralization for $EOS, $ETH, & $BTC cross-chain nodes
Wanchain Price above Ichimoku Cloud | Bullish Very good coin and price made above the ichimoku cloud and taking support.
if daily candle close above ichimoku cloud and 100 EMA with good volume than we can see really good surge in price.
for investing this is best option with Stop below ichimoku cloud after daily close above 100 EMA .
it's not time to Hodl The wan/btc Wanchain Invisting For LongIt is not the right moment to carry this coin, I think it will take a long time to get another LB
Using the Elliott wave we are in big ABC wave.and we are in the last one the 5th.
In my opinion, the last wave in the letter "C" in red indicated it was the last five wave
This wave will be a ENDING diagonal WITH 3 waves inside (3-3-3-3-3)
i think we have finished the 1st wane and we are the 3rd.waiting for a correction for the 4th befor go down for the lasy one.
I hope this small analysis helps you make the right decision.see you after months to update this chart :)
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#WAN/BTC Setup Possible 30% potential profitWelcome to my 24th altcoin setup.
Out of My 23 altcoin setups 2 coins stopped out in 5% loss and others were highly profitable.
Examples:
My previous altcoin setups have played amazingly, like DREP 15 sats to 57 sats : 280%
THETA: 1100 sats to 6400 sats : 480%
RVN, MATIC, CELR OVER 100%.. and many more.
Trading all of these signals perfectly.
Reason is following DOMINANCE for which I always keep you updated and getting into the right alts at the right time.
In this chart you can see WAN had a good run up lately. This is a retracement and we will soon see an upward rally as as soon as we break above that 50D MA.
The green box is the buy area : 1850 to 1930 with stop loss at 1735.
TARGET: 30%+
Time interval: 1 week to 5 weeks.
For more altcoin setups and BTC regular updates stay tuned and follow me.
Please hit the like button. It supports me to work more efficiently.
Stay safe
#PEACE
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
Wanchain Bottomed OutWanchain (WANBTC) is trading near all-time lows and can easily start to climb back up.
We've seen many altcoins with a similar chart that are now producing strong gains.
Remember to always have a plan/strategy if you decide to trade.
The low at 0.00001779 can be used as a stop-loss.
Thanks a lot for reading.
Namaste.
Wanchain Can WANUSD go lower? (Wave5)
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
WAN ANALYSIS: WAIT FOR BREAKDOWN OF WEDGE!WAN ANALYSIS:
WAN is retracing back towards support inside of a falling wedge. WAN is sitting at a temporary support that has been expecting a bounce, but since broken below the 200MA. This signals a short term bearish trend that I expect to have a final leg down to hit closer to the green support box. I recommend to stagger long bids inside this zone. ATR is neutral at this time, while RSI sits just below neutral. Therefore indicators on the daily show I could go either way. If we do not see the drop today, its possible wan does break UP and OUT of the wedge towards T1 at 2602 sats. Following this T2 hits at 2814 sats and T3 at 3024 sats. If WAN does break out of there wedge before support is hit, we can open a new long on the breakout. Otherwise, wait for support and ideal entry.
Possible Entries: 2100-2275 sats
$WAN, Breaking from descending channel w/ UCTS Buy signal$WAN
Breaking from descending channel w/ UCTS Buy signal on the 12H
Volume spiked breaking from descending trendline
Currently retesting ~2900 sats resistance level (facing some rejection)..
Looking for a potential break above it (R/S flip as entry) as continuation..
#WAN