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Wanchain / Bitcoin

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WANBTC trade ideas

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.
Long
by AlanSantana
11
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?
Long
by AndyTheKing
2