WAN lower volume while price increasingI have sold some of my WAN at 9050K sat as volume came down during the past 2 days while price kept increasing. Combining the two indicates price action is unsustainable to me.
Im setting buy orders around 7K sat at the 0.5 fib retracement as ichimoku shows little to no support coming days on a higher level then 7K and Chikou Span is closing in on the candles.
RSI is showing lower highs and MFI is overbought what support my trade.
Support/resistance line seems strong around 7K sat.
Dont want to find myself in another icx situation when TA signs are clear, profits are good and no new price action catalysts that arent already calculated in through fomo.
all feedback and corrections are welcome, please be kind.
WANBTC trade ideas
Wanchain Bullflag Break-out on hold - Waiting for BTC to move upHello Guys
As you can see BINANCE:WANBTC had a nice and clean ABCDE correction and has broken out of the Bullflag.
Unfortunately BTC has been dumped, so the run in Altcoin market is on hold for BTC to confirm the direction.
Based on Trend-Based Fib Extention Level, with the first Impulsive wave we could reach Target (1).
On MACD (4h Timeframe) we have a bullish divergence.
I'm waiting for BTC to move up, and gonna Laddering in.
What do you think about WAN?
Which other coins look bullish to you ?
Let's have a chat
WAN/BTC Rising Wedge 4hrRSI has been showing Bearish Divergence and is more noticeable on the 30 minute chart.
That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you 100% believe in the project like I do. It just means we can accumulate more.
However, due to the popularity of the project there is always the possibility that it may defy the technicals and continue higher.
This chart plays out to May 1st which is only a few days away.
Let's see how it goes, remember, patience is key to being successful as a trader and/or investor.
WAN ContinuesWe mapped out WAN last week and it followed. It extended through the final target Area. Most coins will either ABC retrace or continuation. WAN Has continued making a fresh 5 wave set and looks to be ending a wave 3. I would be looking to sell soon... NOT BUY. If you want to buy look at the wave 4 point for a target in the wave 5
WANBTC - Wave- & Structural Analysis and Fibonacci ExtensionQuick chart for WANBTC, MACD looks bearish 4H so correction is probably now continuing 19-21 April, then more up expected.
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WAN - Next leg upCorrection wave has completed under EWT, or is about to finish its a,b,c,d,e correction. This has been a nice consolidation.
It's painting a Bull flag which is a continuation pattern.
Given the fundamentals of WAN and multiple news that are about to release, it's extremely probable that the new trend will be an uptrend.
-Ledger integration
-Ethereum cross-chain integration by June 30th
-High quality dapps
-Possible exchange listings soon
#BITCOIN #BITCOINPRICE #WANCOIN #TRADING - WANCHAIN (WAN)
WAN HAS BEEN GETTING HIGHER SINCE IT FOUND THE BOTTOM AT 3557 Sats.
IF PRICE CONTINUE BETWEEN PINK AND RED LINES IT CAN GET TO 9153 Sats.
ON THE OTHER SIDE, IF PRICE GOES BETWEEN ORANGE AND PURPLE LINES IT CAN GET TO 8021 Sats.
THE LESS POSITIVE POSSIBILITY COULD BE A DOWNSIDE IF PRICE BREAKS PURPLE LINE. IN THAT CASE IT WOULD BE SUPPORTED ON 6666 Sats.
WANWhere does WAN go? This choice will be made soon enough and after that I'll let you know how I'm going to approach this one. There should be a proper trade right here.
But for the moment, Wancoin seems to be moving sideways in an upwards channel that could have some downwards potential and that's why I'm going to wait for a clear signal.
If you like a little risk/gamble you could get in now, because I do see this break to the upside.
Target anywhere between 10494 / 14494
Symmetric Triangle, Solid Fundamentals - BUYWanchain is perhaps the most successful ico of recent history and is showing no signs of slowing down. Volume may have declined, but this looks like a class symmetric triangle consolidation. Looks like the next leg up should be here shortly. Targets are difficult as there is not an extensive price history for the coin, but according to classic ta, the measured move target should be roughly 96,000 sats (~35% upside). Points to watch will be the lower edge of the triangle as well as the top trend line of the triangle around 77,000 sats.
WAN - Wanchain In Pennant Breakout Pattern.Hey, I am back with Another Trade Idea.
This time Looking at Wanchain. I was looking coinmarketcap and found that Wanchain havent seen any major price movement in past 7 days. Wanchain is currently at rank 34 with not that high marketcap.
Taking look at the chart there is Pennant that is being formed that can lead to breakout, the breakout often happens at end axis.
Indicators
MACD is about to cross, very low sellers that will lead to arrival of buyers.
RSI needs to cross at least 55 to became bullish.
Volume is getting still lower, which is like calm before the storm.
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!