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Wanchainbitcoin

WANCHAIN-WAN/BTC SETUPWanchain (wanchain.org) aims to build a distributed future "bank." As a distributed digital-asset based financial infrastructure, Wanchain allows any institution or individual to set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets.There are various upcoming news and catalyst so it might affect its price. Let's analyze the Daily Timeframe chart of the pair to know levels to buy and could be one of the best performing coins now. WAN/BTC pair has already seen a surge of 50%+ since last month and with more upside potential because of upcoming news and catalyst.It will undergo a slight correction to downside in the coming days/weeks. Interested buyers can look for price around 0.0000945-0.0000983 Satoshi(first green bar) and around 0.0000845-0.0000867 satoshi(second green bar) using laddering technique. Sellers can look for three potential sell zones 0.0001465-0.0001530 Satoshi(first red bar),0.0001958-0.0002037 Satoshi(Second red bar) with long term target around 0.0002890-0.00003027 Satoshi(Last red bar). Also, it has been trading above the 200D-SMAs and entered Ichimoku cloud, breaking above it would be strongly bullish for the asset. Caution: If the last line of support 0.0000749-0.0000708 satoshi (last green bar) is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.
Long
by coinswitch-trading
2
WAN remains a BUY!WAN continues to experience difficulty in breaking the 1650 resistance zone and it currently pulls back from its local highs. We could still possibly see a move back down into the trendline support/demand block before making a move back higher. We did, however, wick below the EMAs and bounce back, which does show some buy strength but ultimately we need to close above this resistance zone to really get moving. Using the EMAs as support is a good sign for bulls as well as them looking to crossover bullish if we can push a little higher. Thanks guys!
Long
by CM_Trades
WAN trying to breakoutWAN has pierced through resistance and is looking primed to get back on its horse to move up to the next supply zone. EMAs do seem to be turning up as the fast-moving is curling higher about to crossover bullish. We could see a pullback into these EMAs as support before making another push higher. This would be the ideal place for an entry, on a pullback into support. If we do break down lower than the demand zones below would be the next targets. Thanks guys!
Long
by CM_Trades
Wanchain Symmetrical Triangle. Possible Breakout Incoming!The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows Trend: In order to qualify as a continuation pattern, an established trend should exist. The trend should be at least a few months old and the symmetrical triangle marks a consolidation period before continuing after the breakout. Reading : We are in uptrend Four (4) Points: At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle Reading : Check Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout. Reading : Volume is diminishing Symmetrical Triangles are continuation of an uptrend. But we have to be careful and if the breaks down from the triangle we should consider selling our position to buy back lower.
Long
by GMXCrypto
3
WANCHAIN - IS IT STILL ALIVE? OR HEADING TOWARDS GRAVE?WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%. It has been moving inside the falling wedge for quite some time now. The price has been continuously getting rejected from the basis line of the Bollinger bands. The price action is so weak that it is not even able to cross through EMA(12). (See the circles marked with Pink colour) Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line of the Bollinger bands or atleast till the EMA(12) If it does't rebound from here, it should fall to 1200-ish satoshi range. Alternatively, we the price is able to push a little bit up, it can reach upto 2k satoshi easily. In any case, we are possibly near to bottom. Get ready to open up some positions! I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
3