Wanbtc
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.
LONG - WAN - Trading OpportunityBINANCE:WANBTC has finally managed to break above the MA50 on the 4h chart after a lot of previous failed attempts, hoping for continuation.
Entry: 0.00001926
Target 1: 0.00002097
Target 2: 0.00002284
SL: 0.00001857
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WAN ANALYSIS: WAIT FOR BREAKDOWN OF WEDGE!WAN ANALYSIS:
WAN is retracing back towards support inside of a falling wedge. WAN is sitting at a temporary support that has been expecting a bounce, but since broken below the 200MA. This signals a short term bearish trend that I expect to have a final leg down to hit closer to the green support box. I recommend to stagger long bids inside this zone. ATR is neutral at this time, while RSI sits just below neutral. Therefore indicators on the daily show I could go either way. If we do not see the drop today, its possible wan does break UP and OUT of the wedge towards T1 at 2602 sats. Following this T2 hits at 2814 sats and T3 at 3024 sats. If WAN does break out of there wedge before support is hit, we can open a new long on the breakout. Otherwise, wait for support and ideal entry.
Possible Entries: 2100-2275 sats
$WAN, Breaking from descending channel w/ UCTS Buy signal$WAN
Breaking from descending channel w/ UCTS Buy signal on the 12H
Volume spiked breaking from descending trendline
Currently retesting ~2900 sats resistance level (facing some rejection)..
Looking for a potential break above it (R/S flip as entry) as continuation..
#WAN
LONG - WAN - Trading OpportunityBINANCE:WANBTC managing to retake the MA200 after the meltdown a few days prior, this might be an indication of the start of another uptrend if we manage to stay above here.
Entry: 0.00002724
Target 1: 0.00003019
Target 2: 0.00003164
Target 3: 0.00003656
SL: 0.00002579
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
$WAN, Trying to break from descending channel..$WAN
Trying to break from descending channel as it recovers and R/S flip support level at ~2900 sats..
Volumen decreasing, signaling a potential stop to downside..
UCTS Buy signals across multiple HTFs
OBV potential bullish divergence
If it gains traction, ~3500 as target
#WAN
WAN retraced to the 0.5 fib. A bounce is due! WAN retraced to the 0.5 fib. A bounce is due!
After the huge pump $WAN price action has been consolidating into a symmetrical triangle. Currently price being rejected and testing the lower support of the triangle + the 0.5 fib on daily.
The current red candle (still being printed) has most probably been been caused bu the slight 100$-150$ dump of $BTC that happened not long ago.
Overall $WAN is looking good moving above the 200MA into a bullish price pattern. Be sure not to miss the entries/presents that the market gives you.
WANBTC Short-term analysisLooking at the WANBTC chart, it's hard to tell which direction we're going.
On one hand, the volume is falling and the MACD crossed a couple of days ago. (Bearish)
On the other hand, if u look at the bigger picture WAN is in an uptrend.
Also, if WAN can remain above the 50 EMA I would suggest that this is a normal correction after the 25-30% spike.
What do you guys think will happen?