While BTC is going down and heading to 7800$, we can make a quick profit here on WAN, Wanchain.
Wanchain is a decent coin, with a good team, definatly a good long term HOLD.
But today we are talking about a trade! Lets see the chart...
We are looking now at the 2hr chart, price is reaching a Fib. support and RSI is currently oversold on the 2hr, and 4hr chart, indicating us that a price reversal is about to happen!
The entry zone is the grey box, feel free to buy now...
If we cant hold this zone, we are going possibly to the blue support box. Targets are the green boxes on the chart.
Dont forget to take profits :D
I will update this trade soon,
Mr.TTT
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Ok, buy zone did not hold as expected, but i think we hit the bottom just under, trades can now be entered, RSI is very low on 4hr charts, WAN has to go up really soon!
Let's wait and see what happens. With how oversold this is, I wouldn't expect a big pump in the short-term and a follow-up in the mid-term with the Ledger integration and release of the beta testnet/mainnet.
n-cageman
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Wanchain oversold like hell, now stable for a while.
Catching this trade is a small risk because we don't have the confirmation of the wave.
However since I've been trading I saw a BIG BOOM everytime a coin was oversold like F8ck.
I should wait for a little bit longer confirmation or set a safe SL
Binance traders might enjoy this ride
Peace out
RodrigoFAC
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@n-cageman, You were right man! BTC is bleeding hard, and WAN just followed it! Not safe to enter now! Im sure when it finds supp, we will see big volume coming, just be aware!