WANBTC trade ideas
Wanchain, WANBTC Possible Cup & Handle and Wave 3 in The Making!Wanchain (WAN) a distributed financial infrastructure coin powered by cross-blockchain smart contracts with privacy protection has become one of the more popular and good performing coins after their very successful ICO and listing on Binance.
Good team and project so you can't do much wrong with a Wanchain in your portfolio.
If we look at the chart, then we can also see an interesting development.
After a very nice runup and consolidation Wanchain, WANBTC had clearly broken out a Bull Flag pattern but found resistance around the 0.0008100 level to eventually fall back to around the 0.0007300 level.
This also happens to be close to the lower channel line WANBTC is in. So around the 0.0007300 area should give WANBTC a good level of support.
If we look further and use a little imagination we could see a start of a Cup & Handle pattern forming. And if we add some Elliot Wave theory into the mix, then we might see the start of a Wave 3 as well:
So a lot of signs that we can trade on for a short-term swing in WANBTC.
Levels to take a look at if you want to trade Wanchain, WANBTC:
Buy Area:
0.0007300 - 0.0007600
Profit Target:
1. 0.0008095
2. 0.0008498
3. 0.0008785
Stop Loss:
0.0007136
Remember you can use a larger stop or no stop at all if you believe in this coin for the mid or long term. This way you can just ride it out and don't have to worry to get stopped out and miss the swing.
This also accounts for the profit targets, if you believe in this coin, then you can just ride it out as long as you like or feel comfortable.
Leave a comment if you have any questions.
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And until next time, good luck with your trading!
WANCHAIN- WANCHAIN is a dark horse of 2018Wanchain is newly created and has a lot of potential. It is slowly but sure creeping up. I usually don't support pre mined coins but I'm liking this platform and I think I'm about to go in on it or a relatively long swing position.
Once we have a small break out it will rally to new ATH.
This Alt is a dark horse, not a lot of people talking about it but they are doing good things. It is original and has a great dev team.
WANTBTC: Breakout ConfirmedHello Friends, Hopes, everyones doing fine.
Here is my TA for WANBTC
Breakout has been confirmed and buying pressure is increasing.
Check the chart and follow the targets, please have a look and see where you can enter as it might retrace from here because it had a nice rally. Buy at pull back wave.
Thank you
WAN and their projects can make over 60%Wanchain is a distributed ledger that records cross-chain and intra-chain transactions. The ledger not only supports smart contracts but also supports privacy protection.
Their roadmap is following and looks pretty good:
2018 / 06
Wanchain 2.0 (Integration with Ethereum, Multi-Coin Wallet)
2018 / 12
Wanchain 3.0 (Integration with Bitcoin, Multi-Coin Wallet)
2019 / 12
Wanchain 4.0 (Integration with Private Chains, Multi-Coin Wallet)
From the TA, it looks also very good and has made a little correction. The correction was inevitable to go further. This coin is only a middle term. If you think it is still overbought, just wait and go in later. But it can also be too late.
The team is currently publishing their projects. This is why it can go much further. This is only the beginning of this coin.
Enter:
0.00068-0.00069
Sell:
1. 0.00078
2. 0.00082
3. 0.00100
4. 0.00120
Thank you for watching us,
Exclusive Signals Team
Wanchain Looking HealthyToday Wan broke out of 6650 Satoshi support level. This is good news for bulls.
If we consider Wan`s movement from 3950 to 8550, first impulse wave up, from 8550 to 6650 ABC correction, then we can expect two more waves up.
However there`s a chance of ABC correction not being done. I have shown that possibility with yellow arrows.
Resistance levels are :
7465
8550
Going above each resistance level and stabilising there, will turn it to support.
Support levels are :
6650
5730
Going below each support level and stabilising there, will turn it to resistance.
Fib extension levels are :
1120
1390
If Wan breaks 8550 resistance, there`s a high chance we reach fib extension levels.
I will try to update the chart as frequently as possible.