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Wanchain / Bitcoin

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WANBTC trade ideas

WAN- It's ya boi di-di-divergenceWanchain has been on a steady decline since the 2nd of May high after its listing on Huobi. After Bitcoin's last little dump (from 8.8k to 8.3k), prices have gone down and are "dangerously" approaching our end of the triangle. Chart is self-explanatory, though: 1hr chart shows a bullish divergence in our Chaikin Oscillator, Momentum and RSI. Chaikin and Momentum are also approaching buying regions, so exciting times ahead, probably! On the price chart, lime-coloured fib retracement is the .382 (8196) and green fib retracement is .5 (7402). Red dotted line is drawn from the 12th of April low wick to the latest low of the 11th of May. We could potentially see another test of the trendline before the possible breakout; also be very cautious because Wanchain has shown a lot of fragility to BTC's price lately... Other stuff to take into account: -Volatility has been low the last few candles. -Release of form for application as alhpanet 2.0 tester near. -Ledger integration close to release. -Consensus (?). Feel free to leave your comments and thoughts on the chart and happy trading! PD: Not professional advice, just educational :D
by RicardoFlorez
WANBTC 1 hour chart will we see a rise of WANCHAIN?Well to start off, All my recent TA ideas where looking really good, UNTIL the BTC fall and everything else fell or rose, or fell again. I just didn't have a clue what was happening anymore, why, when or how. Beginner's lack of knowledge some would say. I would like to say "hey, it's bitcoin and crypto currency, what do you expect?" Well anyways, this market is still very volatile, very young, and very amusing. Also, very interesting and with the right kind of knowledge, patience and TA's you can make both short and long term profits. I'm in for the long term. So here goes. WAN is one of many traders favourite, besides obviously being one of the strong runners for number one position when it comes to cross-link digital infrastructure. Check their site out for more interesting info if you haven't done it already (before buying some WANCHAIN). wanchain.org So WAN had a good run in April, like all the other coins maybe. It was a bit overvalued by then but now it's perfect timing to buy. I bought more shares at 7800sat. Getting really close to a nice big ascending triangle, it's dancing around the 0,236 fib line and if it breaks free and through this line I think we can see it go way beyond 8500 very shortly. Interestingly the volumes has gone down to almost nothing, so I am basically just waiting for the action to begin anytime soon. RSI still below 40 but moving closer and closer to it. MACD still in a downtrend but I can see a small upward line shaping, or maybe I am imagining. What do you all think? Cheers and good luck.
by raffiwartanian
*UPDATE* WANchain EW count...so far so good5/10: Current EW count for the WAN and only... - waiting for peak of B wave for confirmation (also to form HnS) - then the break of HnS neckline/ 0.382 fib for further confirmation - looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far) - New to EW, so any corrections/criticisms would be much appreciated! Thank you! 5/11: *UPDATE* - Corrected the subwave count of wave A (shoutout to @fiberoptimist for catching that) - Giant HnS still in play, but way too soon to confirm - BTC dumping and taking everyone for a ride - Broke support HnS neckline most likely due to BTC - wave A bounced right off 0.5 fib as expected and now working on wave B up - wave B looking to backtest neckline support and could go as high as 9200-9400 sat before starting wave C down - potentially looking for entry <7400 sat ***Just a friendly reminder to be careful out there when BTC is on the move*** * This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Long
by jchang8830
2
Wanchain in an Ascending Triangle Breakout Pattern.Hey, I am back with another Technical Analysis this time looking again at Wanchain . Last time my Analysis on Wanchain has seen almost instant breakout. Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy That was about Wanchain in short, lets take a look at chart Ascending Triangle has occured, simple.. not much to say other that than. What does Indicators show? RSI - Wanchain is climbing above the bullish Level, needs to stay above to stay bullish. MACD - there were few sellers compared to buyers, currently looks like sellers are leaving and buyers are coming, abou to give buy signal. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Wanchain somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
WANCHAIN ENDING DIAGONAL FOR WAVE 5?Heres a potential trade for Wan, green box will be a potential entry, if the volume is there too! Which is important, so you don't get bull trapped, and red box will be where i'd set my stop, a tight stop, because if we fall through the black trendline, the count changes! However, at the moment I'm seeing it as an ending diagonal about to go up for a final wave 5. So ill be watching for an entry at the extreme of the B wave coming down (green box) and riding it up to the top taking profits on the way. IMPORTANT: What confirms that we could still get higher, is because i only count waves 1,2,3, and potentially a completed wave 4. We can see an we've had an exact 1:1 hit, for our big wave 3 up (pulling from our big waves 1 & 2). So because our wave 3 is in, and potentially our wave 4 also, the highest probability target for wave 5 is always the 1.618! But because of our deep wave 4 cutting into wave 1 territory, our impulse up has become an ending diagonal. Which I'll be looking to play up to the top black trendline. But the most bullish outcome is if we do hit the 1.618, which is the usual target for our wave 5, when wave 3 is 100% of wave 1, which it have hit TO THE TICK. IF WE DO ENTER THE RED BOX ALL BETS ARE OFF, BECASUE THAT WILL MEAN THE CORRECTION ISNT FINISHED FOR WAN. AND I WONT BE ENTERING UNTIL WE BREAK PAST THE GREEN BOX WITH CONVICTION. If I'm feeling aggressive id scalp that nice 5% up to the green box (my entry for the big wave 5 up). By entering now with the green box as my target. Its the more aggressive play. **NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
Long
by Etsua
1
Wanchain/Bitcoin (WAN/BTC)Wanchain/Bitcoin (WAN/BTC) Wanchain just bounced back from support zone on daily time frame. It is also in over sold area making a crossover.A good entry can be between 0.0007933 - 0.0008700. Take Profit can be around next resistances which is 0.0009351 and stop loss around 0.0007220. 1st resistance at 0.0009351 2nd resistance at 0.0010041 1st support at 0.0007933 2nd support at 0.0007588 3rd support at 0.0006962 Entry Point 0.0007933 - 0.0008700 Take Profit 0.0009351 Stop Loss 0.0007220 #cryptocurrency #crypto #Trading $BTC #Binance $WAN #Trading #bitcoin #bittrex #WAN
Long
by whycryptoz