WANBTC trade ideas
WainchainBINANCE:WANBTC
After a big move up, WAN is consolidating before making a cup and handle pattern to break the resistance area. It should keep consolidating within the purple box, the box can also be used as a buy zone. A succesfull retest of the 0.618 Fib would also launch WAN to retest the 0.0001280 area, but a 1 day candle closing under it would mean a test of the 0.786 fib level. And most probably a test of 0.580 sat zone.
WANBTCWhen BTC suddenly dropped WAN follow its direction triggering our buyzone and SL. To take advantage of this movement as we expect that btc might bounce back to 4xxx level, we can make an entry on our buy zone with a SL of 3%. See image for possible Sell zones.
Note: In trading there's no guarantee that you will gain or lose but with proper knowledge you can trade in the market with the highest probability. Always manage your SL and trade safely.
WanChain / Bitcoin Strong Resistance then Support ZoneHi Folks,
I see formation from last year and in the same price action, there was strong Support.
I am going to be long until reaching my first target { Previous hight }.
My second target would be where is Supply Zone. And there I would take out all profit.
$WAN, Bounce could be happening soon?$WAN reached .618 Fib level after hitting the descending trendline(yellow) as weekly resistance.
Currently sitting at ~970sats support / EMa100. RSI falling & MACD about to bearcross...
I still believe that@wanchain_org has more gas in the tank....
Entry at your own risk... #WAN
LET'S ROCK WITH WANLooking good for me this chart
there a beauty "Hammer" chart here, that mean reversal trend
I think it still good for scal
just take it and gimme more subcribe
this is simple analysis becoz i don't like to type long and long, just simple analysis that can give you profit or not. Follow my trade if you trust me
Almost reached to all our targets on WAN (40%+)Update on $WAN, up 40%+. Almost reached to all our targets.
Looking at the Weekly picture we can see how we reached a descending trendline(yellow) that will act as resistance for current levels.
Also volume in the last 2 weeks was higher than ever before for this asset.
You dont need a Crypto pay group that gives you signals, you need good tools to find them before they even notice. =)
WANBTC likely to drop into buying zone soonIts seem to be that the price action has found 200MA as strong resistance and going to have some drop to form a harmonic pattern.
In buying zone we have 100MA strong support and just beneath the buying zone there is another immidiate resistance of 50MA and insha Allah this time I am expecting a golden cross between 50MA and 100MA.
The targets are:
Buy between: 0.0000912 to 0.0000834
Sell between: 0.0000974 to 0.0001158
!!!
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Regards,
Atif Akbar (moon333)