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Wanchain

$WAN Buy Opportunity $WAN Green area is buy zone for me, all the way down to the 0.618 fib level. Notice the huge green candle outlined in blue? The larger the candle it takes to break a support or resistance level, the stronger that level is. The resistance in that area was very strong, then 5-6 candles later it was immediatly tested as support. IMO this level will hold as support once again. - Decreasing volume indidcating that sellers are depleting. - RSI nearing oversold. - 1st target price is in blue, along with other upper fib levels.
Long
by CryptoFratGuy
Wan looking to make a decision. Strong buy wall @ 7100 sats.Looks like the bullish falling wedge pattern is trying to form on wan. Reached the 7000-7100 sats support again which is near the 50% fibonacci support line with the RSI rising forming a slighy bullish divergence on the 8 hour. MACD has crossed on the 6 hour and is starting to cross on the 8 hour. selling volume decreased so it seems the support line has been found. Just need some volume to break out. Also looking to form an ABC within a few weeks/months reaching new highs. Plus with all of the possible parnerships and the ICOs announced there will be enough bullish news for another breakout. Targets: 8500 sats 10000 sats 13500 sats
Long
by R90502663
*UPDATE* WANchain ew COUNT...it's almost time5/15/18 *UPDATE* - If you've been following my Wanchain charts, you can see it's been moving as expected for the last week or so - B wave looks to be complete, and C wave may be complete soon, but could dip further as it's hard to ignore the giant head and shoulders pattern playing out currently and BTC looking to make a move - will look to enter some positions in my buy zone starting at 7500 down to 6500 as I don't expect this beast to dip too much lower than that before we start the next cycle up - both RSI and Stoch RSI looking neutral to bullish on both 4H and 1D time frames * This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Long
by jchang8830
8
WANBTC 1 hour chart will we see a rise of WANCHAIN?Well to start off, All my recent TA ideas where looking really good, UNTIL the BTC fall and everything else fell or rose, or fell again. I just didn't have a clue what was happening anymore, why, when or how. Beginner's lack of knowledge some would say. I would like to say "hey, it's bitcoin and crypto currency, what do you expect?" Well anyways, this market is still very volatile, very young, and very amusing. Also, very interesting and with the right kind of knowledge, patience and TA's you can make both short and long term profits. I'm in for the long term. So here goes. WAN is one of many traders favourite, besides obviously being one of the strong runners for number one position when it comes to cross-link digital infrastructure. Check their site out for more interesting info if you haven't done it already (before buying some WANCHAIN). wanchain.org So WAN had a good run in April, like all the other coins maybe. It was a bit overvalued by then but now it's perfect timing to buy. I bought more shares at 7800sat. Getting really close to a nice big ascending triangle, it's dancing around the 0,236 fib line and if it breaks free and through this line I think we can see it go way beyond 8500 very shortly. Interestingly the volumes has gone down to almost nothing, so I am basically just waiting for the action to begin anytime soon. RSI still below 40 but moving closer and closer to it. MACD still in a downtrend but I can see a small upward line shaping, or maybe I am imagining. What do you all think? Cheers and good luck.
by raffiwartanian
*UPDATE* WANchain EW count...so far so good5/10: Current EW count for the WAN and only... - waiting for peak of B wave for confirmation (also to form HnS) - then the break of HnS neckline/ 0.382 fib for further confirmation - looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far) - New to EW, so any corrections/criticisms would be much appreciated! Thank you! 5/11: *UPDATE* - Corrected the subwave count of wave A (shoutout to @fiberoptimist for catching that) - Giant HnS still in play, but way too soon to confirm - BTC dumping and taking everyone for a ride - Broke support HnS neckline most likely due to BTC - wave A bounced right off 0.5 fib as expected and now working on wave B up - wave B looking to backtest neckline support and could go as high as 9200-9400 sat before starting wave C down - potentially looking for entry <7400 sat ***Just a friendly reminder to be careful out there when BTC is on the move*** * This is not financial advice, I am not a financial advisor. Just a noob learning about charting*
Long
by jchang8830
2
Wanchain in an Ascending Triangle Breakout Pattern.Hey, I am back with another Technical Analysis this time looking again at Wanchain . Last time my Analysis on Wanchain has seen almost instant breakout. Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy That was about Wanchain in short, lets take a look at chart Ascending Triangle has occured, simple.. not much to say other that than. What does Indicators show? RSI - Wanchain is climbing above the bullish Level, needs to stay above to stay bullish. MACD - there were few sellers compared to buyers, currently looks like sellers are leaving and buyers are coming, abou to give buy signal. So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my discord channel! Hope I made your view on whats going on with Wanchain somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks ! If this gets a little bit of attention, I will update!
by TiborVrbovsky
WANCHAIN ENDING DIAGONAL FOR WAVE 5?Heres a potential trade for Wan, green box will be a potential entry, if the volume is there too! Which is important, so you don't get bull trapped, and red box will be where i'd set my stop, a tight stop, because if we fall through the black trendline, the count changes! However, at the moment I'm seeing it as an ending diagonal about to go up for a final wave 5. So ill be watching for an entry at the extreme of the B wave coming down (green box) and riding it up to the top taking profits on the way. IMPORTANT: What confirms that we could still get higher, is because i only count waves 1,2,3, and potentially a completed wave 4. We can see an we've had an exact 1:1 hit, for our big wave 3 up (pulling from our big waves 1 & 2). So because our wave 3 is in, and potentially our wave 4 also, the highest probability target for wave 5 is always the 1.618! But because of our deep wave 4 cutting into wave 1 territory, our impulse up has become an ending diagonal. Which I'll be looking to play up to the top black trendline. But the most bullish outcome is if we do hit the 1.618, which is the usual target for our wave 5, when wave 3 is 100% of wave 1, which it have hit TO THE TICK. IF WE DO ENTER THE RED BOX ALL BETS ARE OFF, BECASUE THAT WILL MEAN THE CORRECTION ISNT FINISHED FOR WAN. AND I WONT BE ENTERING UNTIL WE BREAK PAST THE GREEN BOX WITH CONVICTION. If I'm feeling aggressive id scalp that nice 5% up to the green box (my entry for the big wave 5 up). By entering now with the green box as my target. Its the more aggressive play. **NOT FINANCIAL ADVICE, JUST SHARING WHAT I SEE**
Long
by Etsua
1
WAN Trends in Elliot Waves [WAN/BTC]I really dislike how the corrective waves are- but we are rolling with it. I have mapped out a plan for all the given situations on the chart. Potential b leg on a corrective wave opportunity due to a bounce on the trendline, ema and RSI levels support this play. Could be a really good pick up for a longer hold if the formation doesn't break down. There is the chance it retraces higher (top of channel region) past the resistance target I have set due to how the previous corrective wave met the top of the channel. This is setting up really nice on the 4hour for a knife catch. This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like. It really helps out :D ~Xander
by XanderCrypto
6