WANBTC trade ideas
Wanchain Bottomed OutWanchain (WANBTC) is trading near all-time lows and can easily start to climb back up.
We've seen many altcoins with a similar chart that are now producing strong gains.
Remember to always have a plan/strategy if you decide to trade.
The low at 0.00001779 can be used as a stop-loss.
Thanks a lot for reading.
Namaste.
WANBTCLooking at WAN on the 4h chart
* Price currently in the buy zone
* Price sitting towards the POC
* Big hole in VPVR which suggests that price needs to go up to fill in the hole (over time)
* OBV very healthy and people have been accumulating
* Histogram is still in divergence
* Willy is kind of in no mans land
* RSI is over sold
Looking at WAN trading sideways for half a year shows me that people have been accumulating this asset, OBV also shows me that money has been coming in and people have been accumulating, VPVR shows me that price wants to go higher and fill in the big hole we have up top.
Remember not to blow yourselves up on any one trade. My moto is "I plan my trade and trade my plan"
WAN/BTC (Double bottom?: up to 50% profit)WAN/BTC
WAN bounces at the previous swing low at 1870 sats area and the RSI is painting a bullish divergence.
If WAN can break the descending trendline resistance at 2000 sats
it could spark a potential bottom and rally the price up to 3000 sats regions.
The ideal stop-loss is below the 1730 sats area.