WANBTC trade ideas
wan ( wanchain)indicator is good.i think wan reach 0.000029 . and then will have two way \:
case 1( green way ) : if wan can break 0.000029 then next target=0.00003706 that is important point because is xpoint for hidden chart. and if wan can break 0.00003706 then next target=0.00005019
case2( red way ): if wan cant break 0.000029 then according to red way continue
WAN/BTC EASY 30%I longed wan/btc last month I thought it was the breakout but it was just a fakeout :( AS you can see we have broken out of the accumulation zone and I am looking to long on the purple level 2624. This level has acted as the top of the accumulation zone 3 day resistance now hopefully turned support. Enter a bit above 2624 and wait for a strong daily close. If we have a strong close above the three day Resistance at 2830 I will long there on a retest.
WAN/BTC Easy 21% possible 140%This is very similar to my last trade on GO/BTC, which is currently up over 20%. Basically there is a very tight accumlation zone (highlighted in white) we broke out hit resistance now I am placing a buy order at the top of the zone. Entry is at 2624, take profit at 3170, fully exit at 6400. This setup is invalidated if we close below 2624 on a daily. IDK if it will hit 6400 obviously take profits along the way.
WAN/BTC (Up to 101% Profit Target)WAN/BTC
After a huge run last August 25, WAN has been consolidating for almost 90 days now.
The fact that we are maintaining a Higher Low trend line of support and now trading above 50 MA and 100 Daily MA.
Bulls are still showing strength to break this down-line resistance in the few days/weeks.
Provided BTC.D will remain flat or fall further.
Trade setup
Buy area: 2630 Sats - 2280 Sats
Sell target: 3500 Sats - 4600 Sats
Stop loss: 1990 Sats
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WANBTC breakout dbl bot as BTC struggles to break R2As $BTCUSD continues to stagnate between $8400-$8600 resistance zones; pursuant to that key pivotal resistance of $13.6K; or another massive selloff dreading us toward the $6-8K range a conjecture formed around the 200 MACD read my Linkdin article for LONG update but I digress...a lot of mixed signals in what was undoubtedly an eventful week news wise.
On a more positive note (while we're left here biting our nails awaiting the fate of the minnows vs. whales in the tug-of-war- between the pivotal resistance needed to cross and the key support we've managed to hold this fluctuation in price has presented many altcoin opportunities for quick profits for you EMA{8,12,15} or short-mid term swing traders.
Such alts include: $XRP/$WAN/$EOS/$ETH -- the latter two of which are vastly undersold IMHO.
Here are the figures for this publication: remember to take all technical analysis with a grain of salt.
TARGET TP SHORT: 3253s
STOP @ 2404
DISCLAIMER
Not financial advise
-@a1mtarabichi