I was thinking about trying to explain the meaning of life, then I decided on something much harder; discovering the bottom price for WAN!
Wan has been in freefall. It has become the butt of jokes for any altcoin hating individual. People have got REKT buying this, and they have got even more rekt selling it. Despite the quite incredible ideas of WAN, it is still early days for the team and a coin that has been shilled and hyped to death with no practical product.
It hasn't all been bad news. There will be a series of mainnets coming this year, and I think they signed into the Token Alliance at just the right time to prove that WANCHAIN isn't the new bitconnect. The price action was heavily manipulated downwards (which is a positive sign for a coin that won't die) I am not going to write a big old spiel about broadening wedges, descending wedges, BTC action, psychological levels etc... I am just going to show this visual metaphor which points to obvious trends in the chart and the OBV. Anyone who has been watching the price action on WAN in the last four months will know that if/when this goes, it will be classic altcoin volatility.
Yes I just bought a bag. And this isn't trading advice. DYOR
Zoomed in WAN BNB
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REALLY SORRY - I hadn't drawn my chart correctly!! Sorry for any confusion.
Order cancelled
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This chart is a mess. A new one will be posted straight away.
@rolo18, My chart is so confusing that my intentions are not entirely clear. I believe Wan is showing signs of slowing its descent. However, it still has the capability to easily go to the bottom of that blue channel at sub 0.0001000 sats. It is currently breaking downwards out the lower parallel. It is a crucial time, and the next couple of hours will determine a turn around now, or at a much lower price.