WAN - More Bag Holders Looks like WAN with its news got people excited but now looking to get out. Don't buy this wait to see if it moves forward. A lot of news is coming but it pumped 180% in 3 days.
It could 618 on the fib and go back up or it could go down further so wait. But price action means opportunity.
Wanchain
WANUSD forme bullish butterfly | Upto 22% expectedPriceline of Wanchain / US Dollar cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone.
RSI is oversold.
I have used fibonacci sequence to set the targets.
buy between: 0.42530000 to 0.40022230
Sell between: 0.44380302 to 0.48864852
Regards,
Atif Akbar (moon333)
WANBTC forming bullish cypher | Upto 24% expectedPriceline of Wanchain / Bitcoin cryptocurrency is forming a bullish cypher pattern soon it will be entered in potential reversal zone.
MACD is strong bearish.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00004293 to 0.00004024
Sell between: 0.00004507 to 0.00005018
Regards,
Atif Akbar (moon333)
Wanchain Looking Better v Bitcoin, Bullish Altcoin Market SignalWe saw Bitcoin (BTCUSD) moving from $11,500 all the way down to $9,450 in a matter of days...
When Bitcoin grows, altcoins drop.
When Bitcoin drops, altcoins drop...
That is something we see and hear quite often and it tends to be true, on bear cycles.
But it isn't true in this case... Now, here is the signal.
BTCUSD had this huge drop the past few days yet WANBTC (and other altcoins) remained strong, look at the chart above, basically zero retraces for Wanchain the past three days.
I've been looking at the charts for the altcoins (all altcoins minus the top 10) and they have similar setups.
We see the huge drop for Bitcoin, which always means a huge drop for the entire cryptocurrency market but instead, these alts (ALT/BTC pairs) remained the same.
Wanchain (WANBTC) is now consolidating after printing bullish divergence on the MACD and RSI. After it breaks and closes above 218 satoshis (0.0000218), it can easily move higher to test EMA50 (0.0000284) and higher.
Here you can see QuarkChain (QKCBTC) in a similar situation:
Thanks a lot for reading and your continued support.
Namaste.
Wanchain Starts Gaining Momentum (Over 50% Profits Short-term)Recently we looked at Wanchain (WANBTC) on Binance. We saw a chart in a consolidation phase getting ready for a strong impulse move, you can find this chart at the bottom of this post.
Now, Wanchain is gaining momentum, you can tell by looking at the big green volume bar on the lower end of the chart.
This huge volume supports a break above two major resistance levels marked with Exponential Moving Average lines (EMAs).
Those are EMA50 and EMA100. With a close above this level, WANBTC is very likely to test EMA200 and EMA300 next. These resistance levels are marked on the chart above with an Orange and bold Gray lines.
Of course, we are expecting for Wanchain to go even higher... This is a short-term analysis.
Check the chart below for the longer-term version.
Previous analysis | Wanchain Looking Better v Bitcoin, Bullish Altcoin Market Signal
Thanks a lot for reading.
Namaste.
WAN/BTC - Quietly Bullish (Relief or Reversal?)It's no secret that Wanchain was hit hard during the 2018 bear market. Aside from periods of relief (March - April, May - June, July), it has continued to slide lower and lower into oblivion.
According to Coinmarketcap, Wanchain is down -94.3% from its dizzying highs in May 2018. They say "buy when there's blood in the streets" which sounds great until you're tasked with actually putting your money into an idea when no one is interested. Is this once-hyped >$900M market cap project worth considering? Let's see...
Reasons for the trade:
Technicals are positive - OBV and Histogram divergences are currently working. Clearer high timeframe structure would be the icing on the cake.
High volume breakout with higher lows forming on the 4hr chart
Upcoming fundamental news (PoS validator nodes launching on August 20th, up to 16% return annually , mainnet staking in September)
VPVR gaps above look like Swiss cheese. If enough buyers step in, it may rise as quickly as it fell. The POC is roughly 4x current price.
Large caps (LTC, EOS, ADA, BCH) posted up to double digit gains over the weekend. Will this strength flow into the medium-cap Binance alts?
Wanchain Fake Breakdown, Getting Ready To Move!Take a look at the orange rectangle on the chart above. A low volume break below support just to quickly bounce back up...
Wanchain is getting ready to move.
Keep an eye on this one.
The main target marked on the chart as 0.0000577.
Stop-loss: Close below 0.0000227.
Thanks a lot for the support.
Namaste.
WANCHAIN : Upto 40% Profits Opportunity For The Short Term#Accumulation_Recomendation
Pair : #WAN / #BTC
Platform : #Binance
RSI : 50
Volume : Seems to be in a good pace by the last 1 hour but needs to further get some more energy.
**Note : Falling wedge formed already and broke out by the current candle stick. It might go further go down a little bit upto 4550 sats and most probably will be in reversal trend if the current candle ends in a bullish way. RSI and MACD on favor of the bulls and EMA showing a good formation for the bullish trend formation in the short run. In addition to this the Mainnet Upgrade which will be happening today will be a good fundamental news for WAN to show a good uptrend moves.
Accumulation Area : 4550 sats - 4650 sats
Distribution Targets
Target 1 : 4860 sats
Target 2 : 5130 sats
Target 3 : 5350 sats
Target 4 : 5570 sats
Target 5 : 5880 sats
Target 6 : 6270 sats
Stop Loss : 4200 sats
Risk : High
Capital Allocation : 4%
TogetherWeAccumulate
$WAN Showing great volume over the last days$WAN Showing great volume over the last days
Still not able to break down from current level (resistance at 5.9k)
Once it manages to break/flip R/S, then we may see good activity under this coin. Calendar full of events that could act as catalyst
Worth setting some alerts!
#WAN
Wan(BTC) 5 waves to 750 then 215 ?Wan has shown nothing but negatives here I thought last week we could bounce. But now we are still on a down 5 on a 3 of that count.IMO if our 3 is a 1.618. 3s are not always to that extension but, if this holds here 700 could be very well in our future or this wave could be a deeper extension if it is this wave could is invalid as we would go negatives. longterm 215 keeps showing up in any chart I try to chart wan though so the final target comes up once again.