WANBTC trade ideas
WAN/BTC Last Leg DownWanchain may have 1 more wave to complete the 1-5 correction. This will re-test the major support/resistance line. Hopefully a bounce will follow. Not sure if the following bounce will be a B wave. I normally like to cross-reference a dollar chart but there is not one available.
WAN Trends in Elliot Waves [WAN/BTC]I really dislike how the corrective waves are- but we are rolling with it. I have mapped out a plan for all the given situations on the chart.
Potential b leg on a corrective wave opportunity due to a bounce on the trendline, ema and RSI levels support this play.
Could be a really good pick up for a longer hold if the formation doesn't break down.
There is the chance it retraces higher (top of channel region) past the resistance target I have set due to how the previous corrective wave met the top of the channel.
This is setting up really nice on the 4hour for a knife catch.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
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~Xander
10534 sats is real, 12550 sats is target, strong resistance needWe need a break out here, or a strong and steady bull push.
Buying here is reasonable, with a stop loss at point A,
so if you can stand that loss, then this is an easy buy, with a break out potential.
If break out occurs, it could be very volatile and strong thrust up to the points 4 and 5.
However, if the the price lingers here for too long, downward trend will occur, especially, if BTC decides to ruin everyones day.
Hence the buyers here, require, or rather demanding something to happen.
Regardless, late comers should have been buying at ascending triangle at point 3.
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
WAN: 30 minute chart. Another leg up?WAN is definitely strong in the market, still. Attached my current trade.
-EMAs crossed
-RSI still healthy-ish
-Possibly slight bullish divergence
-Bears being rejected at noted Fib levels multiple times
-Decent retrace from previous run up (short term)
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
Wait For The Bounce, Wanchain Long
4Hour
Straight to our pattern timeframe this time folks. Wanchain showing resistance @ 0.00095000. Price retracing to ascending triangle breakout support. Expecting price to drop and hold around 0.0007700, bouncing off our trend line and forming a double bottom. Taking a look at our Stochastic RSI: momentum has failed to formed higher highs and higher lows, as priced made a nice run from 0.0007500 to 0.0009500, no signs of bulls.
Conclusion
Buy: After break and close above 0.0009500 on 4hour / bounce off 0.0007700
Sell: No.
WAN buy oppurtunity soon..For those of missed the WAN , it seems we will have a buy/reload oppurtunity soon.
WAN is a strong project with strong fundamentals, a neo competitor( my opinion) with promising features.
NEO : 5,5 billion marketcap, 65 m circulating supply 85$
WAN : 876 million marketcap , 106m circulating supply 8$
so if wan will succeed at least %50 of neo, it's not so far to get over 2,5 billion marketcap and nearly 25$ value.
now, technicals :
In the daiy chart, we had a shooting star that indicates a trend reversal to bearish. However, there's a reaaly great demand for this project, and i think it will bounce the green area. For those of dont want to remiss this project, you can split your buy orders just above the two supports on the chart.
Wan is going north!Hello friends welcome to this analysis on Wanchain!
Wanchain is one of new favorable ICOs and it looks like a solid project and it's interesting to know that it gave 10x profits back to the people who participated in pre-ICO sale.
it seems like it has a lot of interest in the market as you can see a lot of people are talking about it on the internet!
looking at the chart, it looks like it has broken out of a cup and handle inside of a pennant.
I'm just gonna predict the way I expect it to move and map it for my self.
good luck.