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Wanchain

WANCHAIN - IS IT STILL ALIVE? OR HEADING TOWARDS GRAVE?WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%. It has been moving inside the falling wedge for quite some time now. The price has been continuously getting rejected from the basis line of the Bollinger bands. The price action is so weak that it is not even able to cross through EMA(12). (See the circles marked with Pink colour) Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line of the Bollinger bands or atleast till the EMA(12) If it does't rebound from here, it should fall to 1200-ish satoshi range. Alternatively, we the price is able to push a little bit up, it can reach upto 2k satoshi easily. In any case, we are possibly near to bottom. Get ready to open up some positions! I'll keep updating this, as and when required. P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk. Keep an eye out. Trade safely. Always remember, money not lost is also a profit. Good luck trading.! Peace.
by johntradingwick
3
Has WAN found it's bottom??I was thinking about trying to explain the meaning of life, then I decided on something much harder; discovering the bottom price for WAN! Wan has been in freefall. It has become the butt of jokes for any altcoin hating individual. People have got REKT buying this, and they have got even more rekt selling it. Despite the quite incredible ideas of WAN, it is still early days for the team and a coin that has been shilled and hyped to death with no practical product. It hasn't all been bad news. There will be a series of mainnets coming this year, and I think they signed into the Token Alliance at just the right time to prove that WANCHAIN isn't the new bitconnect. The price action was heavily manipulated downwards (which is a positive sign for a coin that won't die) I am not going to write a big old spiel about broadening wedges, descending wedges, BTC action, psychological levels etc... I am just going to show this visual metaphor which points to obvious trends in the chart and the OBV. Anyone who has been watching the price action on WAN in the last four months will know that if/when this goes, it will be classic altcoin volatility. Yes I just bought a bag. And this isn't trading advice. DYOR Zoomed in WAN BNB
by UnknownUnicorn2454397
2
WANBTC: What you all think?Hi All, Its all in the chart. Don't forget why you got into the crypto sphere. Only Buy Pull Backs in projects you believe in for the next 5yrs: Long. Majority of investors are going to sell when break even: Short. I firmly believe WANBTC will make higher high on it's all time high. Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me and like this post if it was helpful, and thank you all. Like the Phoenix we will rise from the ashes Happy trading People...
by letsgetit
WanChain vs Bitcoin Upcoming Reversal PotentialSince June,WanChain has been trending downwards within the descending channel. It has lost over 64% to Bitcoin in less than two months. Although today price has bounced off the 227.2% Fibonacci retracement level at 2350 satoshis. The support has been rejected cleanly suggesting that WAN/BTC could have reached the bottom or very close to it. At the same time the middle trendline of the descending channel has been rejected. Indeed, this could be the turning point for the WanChain, although far to early to state about that with confidence. The downside momentum is still strong and WAN could fall slighly lower, towards 2130 satoshis before moving up. But only break and close below 2130 level would invalidate bullish scenario. On the other hand, if price stays above the 2350 satoshis, the correctional wave up could be the case, first strong resistance is seen near 3k satoshis area. If broken, further move up should be expected, towards 3.7k satoshis area. And finally, if 3800 satoshis level is broken, with the daily close above, the uptrend might start, inviting a lot more buyers.
Long
by CryptoPAMM
2
Why Wanchain is one of the best buys now and alts in general Hello people, Good day. BTC breakout upwards, fine. Altcoins seemingly bouncing after capitulation, grazi grazi. As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news. Also, Wanchain is one of the most depressing holds I've seen lately, so I'd say: that's a buy and I'd like to describe why I feel that way. And released some good news yesterday. TA point of view: falling wedge principle, sideways movements and potential bottom is found here. Indicators: WAN/USD: 1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram. 2 Days: Very strong on the 2 days as well. 3 Days: Same on the Stoch and RSI. MACD and Histo doesn't have that much data yet. 4 Days: Even on this timeframe on Stoch and RSI. 5 Days: Also on Stoch. 1 Week: Not much data to conclude something here. WAN/BTC: 1 Day, 2 Day and 3 Days on WAN/BTC are the same with the bullish divergences and a capitulation wick downwards. 1 Week: Not much data to conclude something here. Concluding for here I'm assuming that the whole market will experience upwards momentum as both the USD and BTC pair are screaming for a buy. First target for me: $3,70 zone. Normally then small retrace and afterwards to $5, but have to see in a few weeks and then I'll update.
BINANCE:WANUSDLong
by CryptoMichNL
1
WANBTC: Reversal looks to be ongoingHi All, Hope all your trades are going well. No Objectivity or Emotions when trading... There are only three trend which could occur within any market... Uptrend, Downtrend, and Horizontal sideway patterns... Always have a checklist before entering any trade: Long or Short... 1. The Trade setup 2. The Entry 3. Initial Stop Loss 4. Exit and Trailing Stop 5. Capital size willing to risk WAN/BITCOIN continues trading in the downtrend channel. WANBTC attempted to break the channel @ 0.0003399, but was rejected. It's attempting to break it for the second time 0.0003186, to make lower high. Hopefully make higher high and high lows for a reversal. RSI Level: Shows Oversold -40 K & D. Probability: 60% WANBTC go Higher with a 40% WANBTC go lower. Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss... 3-5 Bar Declines: it's an indicator to - Buy 3-5 Bar Increase: it's an indicator to - Sell Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me and like this post if it was helpful, and thank you all... Like the Phoenix we will rise from the ashes... Happy trading People... 1W Chart 4HR Chart 1D Chart: Trade Idea 2/1 risk Ratio
by letsgetit
5
WANBTC: Let us capitalize on this before its too late.June -3 WANBTC was rejected and since then its been freefalling. WANBTC has lost 50% of it's value and selling for lower than its market entry price. AS the Related chart shows: The Retracement period looks to be finish. Entry - Two days ago. Now, going long on WANBTC. What the chart shows: When the cloud is below WANBTC, we are in a bullish scenario. When the cloud is above WANBTC, we are a bearish scenario. Currently the cloud is above and is showing bearish market. Swing Traders: Up Trend: Impulse. Down Trend: Correction. All wave Patterns are impulse or correction. Sideway: Except for moving horizontally. Retracement: Price hit Support, Reversal Period, Stop Loss: 60/40 Split. Resistance: Price Falls below Previous Support Level . Only trade when you see repeated price pattern. Limit to roughly 15-20 trades per month 2/1. Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100 Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below. Be sure to Follow me for future charts, like this post if it was helpful, and thank you all. Happy trading People...
Long
by letsgetit
2
Wanchain (WAN/BTC) - Great opportunity for a quick trade.After patiently waiting for Wanchain to start retracing, we have now approached an ALT combined with a great bull divergence on the daily. Great for a quick trade of 30% (TP @ 4.2k (purple resistance line). Order hit at 3.106k. It's important to keep a close eye on bitcoin, and the fact that Wanchain made a new ATL, best keep this trade short. I will be taking profit at 4.2k and leave a small bag incase we go higher. Most alts are hitting bottom, making new ATLs, and BTC dumps getting weaker, so it's also a great opportunity to start slowing scaling in. Until stronger reversal signals for BTC , there could always be the risk of alts hitting even lower, so only pick up small bags along the way! :) Happy Trading!!
Short
by LukaDuke
2
$WAN, Does It End Here.. Daily Looking at our trend timeframe we see price has remained in an aggressive downtrend, and now looks to be attempting to break out. Stochastic RSI showing momentum is heading towards the downside, however price could be possibly forming a double bottom. 4Hour Shifting over to our pattern timeframe we can see from previous price action history 3300 is a possible support level. Stochastic RSI showing momentum is heading towards the upside with no signs of slowing down, and price action has just formed a double bottom. A 4hour close above 3380 activates our trade.
Long
by UnknownUnicorn2434649