alanmasters

Wanchain Getting Closer To Breakout (1360% To All-Time High)

BINANCE:WANBTC   Wanchain / Bitcoin
Wanchain (WANBTC) is getting closer to breakout... let's take a look.

  • WANBTC has been going down since hitting an all-time high back in May 2018. As it drops, it has been creating lower lows.
  • Recently the chart is going flat, and we can see higher lows being breaking, with the same happening on the RSI and MACD as well... WANBTC is preparing to break out.
  • Trading volume has been increasing, and today there was a break above EMA10. The last four times that EMA10 was challenged, all produced above average breakout, all sell orders being bought.

These signals are telling that Wanchain (WANBTC) on Binance is pointing to a breakout soon.

I'll be keeping an eye on this chart... Thanks a lot for reading.

Remember to hit like to show your support.

Namaste.
Trade active: Moving up nicely...

Trade: Wanchain (WANBTC)

BUY: 0.0000780 – 0.0000830

TARGETS:

(1) 0.0000900 -Reached
(2) 0.0001090
(3) 0.0001330
(4) 0.0001700

STOP LOSS: Close daily candle below 0.0000710.

CAPITAL ALLOCATION: 10%.
Comment: TARGETS:

(1) 0.0000900 -Reached
(2) 0.0001090 -Reached
(2.5) 0.0001200 -Reached (+49%)
(3) 0.0001330 -Next target
(4) 0.0001700

+49% Profits generated.
Comment: Looking really good.
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Related Ideas

hi
how do you see wan at this time is it good for investment or no
and thanks for your advice
Reply
@wissi14, Still needs more time but has good potential based on the bullish action we are seeing from other Binance altcoins.
Reply
WAN is looking like it is going to explode upwards now
+1 Reply
Thank u so very much alan for the updates

U r the best
+1 Reply
@meveme, My pleasure.
Reply
I'm eyeing this one Alan. What's your current view?

Here's my what I'm seeing...

Bullish case:
- Potential bull flag (or possible cup and handle), target of 883
- Closing in on a potential bullish cross of 12 and 26 MAs
- Significant bullish RSI divergence going back to December

Neutral case:
- Passive breakout of falling wedge
- Coming back to test the top of the bearish trendline?

Bearish case:
- Rejection at 50 MA and resistance at ~829
- RSI keeps getting capped at ~53

Guess I'm more bullish than bearish, and the fact that price is squeezed between MAs, along with that volume void just above suggests that a bullish break could very quickly get to 883. Pondering a risky but rewarding entry with a tight stop at 783 for a fairly quick flip or 750 for a longer term swing.


+1 Reply
alanmasters mattgarbutt
@mattgarbutt, Great analysis, thanks a lot for sharing.
Reply
meveme alanmasters
@alanmasters, hi alan
Finally wan :)))

Pls give us some re entry levels and target if possible

Cheers :))
Reply
@meveme, Posted.
Reply
what does indicate the purple line? 50 MA?
Looking forward to your setups!
Reply
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