WANBTC trade ideas
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 Signal by Rocket-ProWan is evolving in an ascending triangle configuration, on its support.
Why open a long position ?
StochRSI oversold
Price are on oblique support
Ascending triangle configuration
Sign of reversal on CCI
Buy : Current price
T1 : 5850 (<50% Fib)
T2 : 6060 (61.8% Fib)
T3 : 6380 (< old resistance)
Stop : under the triangle depending on your risk aversion
You may take 33% of your profit at each target or move the stop-loss accordingly to ensure the maximum profit !