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wan price update$WAN - update for all holders 💎 (diamond hands) Currently, wanchain has tested ( and failed) to break out of the ascending change it has been in since the start of this bull run ($1.60+) We have seen a small pullback and currently sitting at $1.36. As you can see in the chart below $wan has established itself in a bullish pennant pattern! There are two possible moves from this point! Bullish: we break to the top side of the pennant resistance (top red line) - a break here will force a retest of the $1.60 level and will most probably result in a break and run to the $2 range (or very close to it) Bearish: we break to the downside of the pennant support (bottom red line) - a break here will force a retest of the $1.16-1.18 major support range. Depending on how bitcoin performs in the next hour will help confirm the market direction of wanchain! For people who are not in wanchain wait for a break of the resistance pennant line ($1.42-1.44 range) before buying the bull case - or set a buy order at the $1.17-1.18 support For holders keep a close eye on the charts and set alerts at $1.34usd and $1.44 usd to notify price movements
BINANCE:WANUSD
by MegaWhale
$WANUSDT - The 0.618 paradox of WanchainHi guys! 👋🏻 🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful? 🔔 Check this out 🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP integration and a roll-out of the BTC / ETH bridge on the mainnet are only a few to say. Wanchain has developed a full-range DeFi ecosystem within it’s chain offering staking on Storeman Node, on WanSwap and compounding on Wanchain’s compounding DApp WanLend. The mainnet will undergo an important Cross-chain upgrade tomorrow, February 25, upgrading to the Universal Multi-chain Bridges with Shared Staking Assets (for short, Multi-chain Bridges). 🔔 The pair is currently testing an important resistance of $0.8900, the pair might slow it’s bullish run at this point a bit, retrace, and continue the bullish run after breaking above the $0.8900 resistance. The aforementioned level preserves not only static and dynamic resistances but an EMA50 resistance, so be very careful when going long at this point. Wait for a breakout. However if the strong impulse persists, WAN/USD will hit $1.15 once again and more likely will set a new high. 🔔 Currently the pair is below the upper edge of the downtrend channel, so watch for a breakout of this channel and go long. See important levels on the chart. MACD is about to cross the signal line, so buy signal can occur in the nearest time. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
3
WAN - BEARISH!!Wanchain is seeing a very bearish pattern playing out - ascending wedge! This pattern is shared with many other altcoins, alongside bitcoin forming a head and shoulder pattern on the 4-hour chart the overall market direction is pointing downward! I believe we will see downward movement for the remainder of the month before we head back up nearing the later half of the month - could be a great opportunity to load up on some cheaper coins! As always let me know your thoughts ''Buy Big Sell BIGGER'' - MegaWhale
BINANCE:WANUSD
by MegaWhale
WANUSD (WANCHAIN) - DAILY ANALYSIS ANALYSIS 🔎 - WANUSD brokeout above the inverse head and shoulders neckline resistance. - Price hit a swing high and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). BUY ENTRY ⬆️ - market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the previous swing low horizontal support level.
BINANCE:WANUSDLong
by Chibuike_Odoh
WAN - What to expect A break up over the downward channel resistance line could potentially lead to a push to the $1 Failure to break could result in a drop to the 200 days MA on the four-hour chart before a bounce upward If you are currently on the sidelines waiting for a break above the channels resistance would be a good buy signal. Otherwise, get ready to purchase some cheaper coins if it drops further! Win WIn Could we break the channel and avoid a drop to the 200 DAY MA? Yes we definitely could although not likely, keep an eye on the charts and buy the break Let me know what you all think ''Buy big Sell BIGGER'' - MegaWhale
BINANCE:WANUSD
by MegaWhale
WAN - REBOUND WOW! What a crazy 24hours, the entire market saw a massive pullback as suggested in my previous post! Firstly a massive congratulations to everyone who followed by BTC short post - I hope you all secured profits and were able to grab some discounted coins! I used this opportunity to load up on some more Wanchain! Guys! Wanchain is looking good right now, we could see a run up to our next resistance line around $0.85area, this will also put us back into the falling wedge formation which we all know is super bullish! We could be back at $1 as soon as early next week! ''Buy Big Sell BIGGER'' - MegaWhale
BINANCE:WANUSD
by MegaWhale