Wanchain - Daily trade - RSI Oversold + Strong Support!
Hello traders,
Hope you all doing fine!
While BTC is going down and heading to 7800$, we can make a quick profit here on WAN, Wanchain.
Wanchain is a decent coin, with a good team, definatly a good long term HOLD.
But today we are talking about a trade! Lets see the chart...
We are looking now at the 2hr chart, price is reaching a Fib. support and RSI is currently oversold on the 2hr, and 4hr chart, indicating us that a price reversal is about to happen!
The entry zone is the grey box, feel free to buy now...
If we cant hold this zone, we are going possibly to the blue support box. Targets are the green boxes on the chart.
Dont forget to take profits :D
I will update this trade soon,
Mr.TTT
Hope you all doing fine!
While BTC is going down and heading to 7800$, 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
Comment:
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!