WANBTC trade ideas
WAN / BTC - Possible Cup and Handle formation#Wan / BTC
- Possible Cup and Handle formation in Wan vs BTC . Not perfect one
- Price action still looking good even with a drop in the movement. However, we should be looking bitcoin doesn't drop below 8900$ because it could be throwing this trade.
- Most indicators still looking good for a continuation bullish price action
- I find two important stop losses. Classic point on the lowest price of the handle or a very tight point, Daily EMA20 + last base candle. According to your trading style, you will need to update it or not.
Good luck
Remember use correctly your bank , develop and decide each investiment for yourself, that's my own trade.
WAN chart looks Biblical SUPERLONG on WAN. Still riding my bag from April and will be adding more if it dips.
Final stages of accumulation.
- Bullish RSI divergence on weekly chart;
- Downtrend breakout looming;
- Textbook Wyckoff accumulation pattern;
- Extensive list of upcoming FA news & annoucements (check Twitter & CoinMarketCal for details)
1st target - 6k sats;
2nd target - 13k sats;
Compare: ChainLink to WanChain / why i dumping LINK for WAN
ChainLink:
Market Cap
$1.956.176.394 USD
Circulating Supply
350.000.000 LINK
Total Supply
1.000.000.000 LINK
Market Cap
$25.818.028 USD
Circulating Supply
123.899.997 WAN
Total Supply
210.000.000 WAN
Marcetcap: 1.95bn$ to 25mn$ = x78 = 15.77$ from currentprice
Wan have less coins on circulation and near to 20% are on staking locked.
ChainLink have some good support and will be stay as number 1 in coming decate/years.
Wan can growth up to 200-300mn$ range = x8-12 from now...can link go up to 48-60$, very possible...but what is with 750mn Link, that are not on circulation now?
think about it...
Wan can do in coming weeks 50%...next year easy 2$
good luck. DYOR.
WAN/BTC in a classic Bullish run
WAN broke out of the bearish triangle upward, but retraced to turn the dynamic resistance trendline into a dynamic support trendline. Now all that's left is for an upward bull run, the length of the triangle base....
Depending on trend momentum, the bull run may complete in days or weeks, or maybe months...
Entry is 0.00002890btc
Exit is 0.00005915 btc
stop loss: 0.00002047 btc
WAN/BTC UPDATE LONG POSITION TRADEWAN/BTC still bullish ! I previously wrote a setup for a deal on WAN. Don’t worry guys, the last drain is associated with the closure of six-month bitcoin futures, which caused volatility on altcoins too. Now a new monthly candle has opened, and for positional trading looks very bullish, on lower timeframes it looks like a retest from above. goals relevant, the main target on WAN 33xxx
WANBTC | Analysis
WANBTC recently flipped the 2282 sat resistance to support, overcoming the 200 Day MA.
It was rejected from the support quite strongly, indicating good demand at the support.
Now WANBTC will progress higher to the next resistance which is 2927 Sats (22%)
Overcoming that resistance, our overhead resistance is cleared till our first take profit region TP1 (50%)
On reaching TP1, i'm expecting the price action to consolidate / Pullback a bit to form a proper support on a higher high basis.
I will update more regarding the possibility of reaching our TP2 and TP3 based on the underlying market sentiment at that time.
Hope you liked my analysis on WanChain/Bitcoin. Please leave a like and follow for more charts :)
Thank you!