Get started
kautilya_k

WANBTC | Analysis

Long
Wanchain / Bitcoin (BINANCE:WANBTC)  
kautilya_k  
BINANCE:WANBTC   Wanchain / Bitcoin
Trend Analysis Beyond Technical Analysis Wave Analysis wanbtc wanchainbitcoin wanchainlong crypto altcoins Cryptocurrency wanchainbtclong wanchain
8
0
trendanalysis beyondta waveanalysis wanbtc wanchainbitcoin wanchainlong crypto altcoins cryptocurrency wanchainbtclong wanchain
  • 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!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.