$WANUSDT - The 0.618 paradox of Wanchain
Hi guys! 👋🏻
🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful?
🔔 Check this out
🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP integration and a roll-out of the BTC / ETH bridge on the mainnet are only a few to say. Wanchain has developed a full-range DeFi ecosystem within it’s chain offering staking on Storeman Node, on WanSwap and compounding on Wanchain’s compounding DApp WanLend. The mainnet will undergo an important Cross-chain upgrade tomorrow, February 25, upgrading to the Universal Multi-chain Bridges with Shared Staking Assets (for short, Multi-chain Bridges).
🔔 The pair is currently testing an important resistance of $0.8900, the pair might slow it’s bullish run at this point a bit, retrace, and continue the bullish run after breaking above the $0.8900 resistance. The aforementioned level preserves not only static and dynamic resistances but an EMA50 resistance, so be very careful when going long at this point. Wait for a breakout. However if the strong impulse persists, WAN/USD will hit $1.15 once again and more likely will set a new high.
🔔 Currently the pair is below the upper edge of the downtrend channel, so watch for a breakout of this channel and go long. See important levels on the chart. MACD is about to cross the signal line, so buy signal can occur in the nearest time.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful?
🔔 Check this out
🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP integration and a roll-out of the BTC / ETH bridge on the mainnet are only a few to say. Wanchain has developed a full-range DeFi ecosystem within it’s chain offering staking on Storeman Node, on WanSwap and compounding on Wanchain’s compounding DApp WanLend. The mainnet will undergo an important Cross-chain upgrade tomorrow, February 25, upgrading to the Universal Multi-chain Bridges with Shared Staking Assets (for short, Multi-chain Bridges).
🔔 The pair is currently testing an important resistance of $0.8900, the pair might slow it’s bullish run at this point a bit, retrace, and continue the bullish run after breaking above the $0.8900 resistance. The aforementioned level preserves not only static and dynamic resistances but an EMA50 resistance, so be very careful when going long at this point. Wait for a breakout. However if the strong impulse persists, WAN/USD will hit $1.15 once again and more likely will set a new high.
🔔 Currently the pair is below the upper edge of the downtrend channel, so watch for a breakout of this channel and go long. See important levels on the chart. MACD is about to cross the signal line, so buy signal can occur in the nearest time.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
Trade closed: target reached
Nothing is true, everything is permitted.
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🤖 I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz
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🤖 I am one of the 11K TradingView users who trade on BingX - bingx.com/partner/Aziz