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WANBTC trade ideas

WANCHAIN - IS IT STILL ALIVE? OR HEADING TOWARDS GRAVE?WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%. It has been moving inside the falling wedge for quite some time now. The price has been continuously getting rejected from the basis line of the Bollinger bands. The price action is so weak that it is not even able to cross through EMA(12). (See the circles marked with Pink colour) Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line of the Bollinger bands or atleast till the EMA(12) If it does't rebound from here, it should fall to 1200-ish satoshi range. Alternatively, we the price is able to push a little bit up, it can reach upto 2k satoshi easily. In any case, we are possibly near to bottom. Get ready to open up some positions! I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
3
Has WAN found it's bottom??I was thinking about trying to explain the meaning of life, then I decided on something much harder; discovering the bottom price for WAN! Wan has been in freefall. It has become the butt of jokes for any altcoin hating individual. People have got REKT buying this, and they have got even more rekt selling it. Despite the quite incredible ideas of WAN, it is still early days for the team and a coin that has been shilled and hyped to death with no practical product. It hasn't all been bad news. There will be a series of mainnets coming this year, and I think they signed into the Token Alliance at just the right time to prove that WANCHAIN isn't the new bitconnect. The price action was heavily manipulated downwards (which is a positive sign for a coin that won't die) I am not going to write a big old spiel about broadening wedges, descending wedges, BTC action, psychological levels etc... I am just going to show this visual metaphor which points to obvious trends in the chart and the OBV. Anyone who has been watching the price action on WAN in the last four months will know that if/when this goes, it will be classic altcoin volatility. Yes I just bought a bag. And this isn't trading advice. DYOR Zoomed in WAN BNB
by UnknownUnicorn2454397
2
WANBTC: What you all think?Hi All, Its all in the chart. Don't forget why you got into the crypto sphere. Only Buy Pull Backs in projects you believe in for the next 5yrs: Long. Majority of investors are going to sell when break even: Short. I firmly believe WANBTC will make higher high on it's all time high. Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People...
by letsgetit
WanChain vs Bitcoin Upcoming Reversal PotentialSince June,WanChain has been trending downwards within the descending channel. It has lost over 64% to Bitcoin in less than two months. Although today price has bounced off the 227.2% Fibonacci retracement level at 2350 satoshis. The support has been rejected cleanly suggesting that WAN/BTC could have reached the bottom or very close to it. At the same time the middle trendline of the descending channel has been rejected. Indeed, this could be the turning point for the WanChain, although far to early to state about that with confidence. The downside momentum is still strong and WAN could fall slighly lower, towards 2130 satoshis before moving up. But only break and close below 2130 level would invalidate bullish scenario. On the other hand, if price stays above the 2350 satoshis, the correctional wave up could be the case, first strong resistance is seen near 3k satoshis area. If broken, further move up should be expected, towards 3.7k satoshis area. And finally, if 3800 satoshis level is broken, with the daily close above, the uptrend might start, inviting a lot more buyers.
Long
by CryptoPAMM
2
WANBTC: Reversal looks to be ongoingHi All, Hope all your trades are going well. No Objectivity or Emotions when trading... There are only three trend which could occur within any market... Uptrend, Downtrend, and Horizontal sideway patterns... Always have a checklist before entering any trade: Long or Short... 1. The Trade setup 2. The Entry 3. Initial Stop Loss 4. Exit and Trailing Stop 5. Capital size willing to risk WAN/BITCOIN continues trading in the downtrend channel. WANBTC attempted to break the channel @ 0.0003399, but was rejected. It's attempting to break it for the second time 0.0003186, to make lower high. Hopefully make higher high and high lows for a reversal. RSI Level: Shows Oversold -40 K & D. Probability: 60% WANBTC go Higher with a 40% WANBTC go lower. Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss... 3-5 Bar Declines: it's an indicator to - Buy 3-5 Bar Increase: it's an indicator to - Sell Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me and like this post if it was helpful, and thank you all... Like the Phoenix we will rise from the ashes... Happy trading People... 1W Chart 4HR Chart 1D Chart: Trade Idea 2/1 risk Ratio
by letsgetit
5