WAN - Wanchain In Pennant Breakout Pattern.
Hey, I am back with Another Trade Idea.
This time Looking at Wanchain. I was looking coinmarketcap and found that Wanchain havent seen any major price movement in past 7 days. Wanchain is currently at rank 34 with not that high marketcap.
Taking look at the chart there is Pennant that is being formed that can lead to breakout, the breakout often happens at end axis.
Indicators
MACD is about to cross, very low sellers that will lead to arrival of buyers.
RSI needs to cross at least 55 to became bullish.
Volume is getting still lower, which is like calm before the storm.
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!
This time Looking at Wanchain. I was looking coinmarketcap and found that Wanchain havent seen any major price movement in past 7 days. Wanchain is currently at rank 34 with not that high marketcap.
Taking look at the chart there is Pennant that is being formed that can lead to breakout, the breakout often happens at end axis.
Indicators
MACD is about to cross, very low sellers that will lead to arrival of buyers.
RSI needs to cross at least 55 to became bullish.
Volume is getting still lower, which is like calm before the storm.
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!
Comment:
Another succesful call.
Comment:
There is still some room for more run up
