BINANCE:WANBTC   Wanchain / Bitcoin
WANBTC

After a big move up, WAN is consolidating before making a cup and handle pattern to break the resistance area. It should keep consolidating within the purple box, the box can also be used as a buy zone. A succesfull retest of the 0.618 Fib would also launch WAN to retest the 0.0001280 area, but a 1 day candle closing under it would mean a test of the 0.786 fib level. And most probably a test of 0.580 sat zone.
Comment:
Comment:
Sorry about the typing mistake on the title :)
Comment:
Comment:
The consolidation zone was broken with a 1 Day chart candle wich means WAN is most likely to revisit the green box.
Comment:
Comment:
Slowly reaching the buy zone, we might see an attempt to break the 0.618 fib and then at drawback to the green box
Comment:
Comment:
WAN as now reached our buy zone. The stoch RSI is also making a bullish cross over. This should give WAN momentum to reach the resistance zone
Comment:
Wan didn't manage to bounce from our buy zone. It is now at a all time low. I'll be waiting for a clear change of course before buying more. I'm only trying to catch the lowest price with a predetermined amount. I'll be filling more bags when I assume WAN as made a bottom

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.