Hi dear friends, hope you are well and welcome to the new update on Wanchain coin (WAN).
Previously WAN was very close to complete the pattern, but pumped before entering the buying zone as below:
Now on a 2-hr time frame, WAN has formed a bullish BAT move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to...
💎Technical Analysis Summary💎
BINANCE: WANBTC
-WanChain tested the key support level twice
-The selling pressure started to cool off for now
-But this downtrend is not yet over
-Until the trendline resistance is broken upward
-So just be patient and wait for the proper entry signal
-You may not catch the bottom but at least you can reduce the risk
-Upside...
WAN/BTC
-Wanchain found support at the previous key area
-It manages to recover fast and currently testing recent top
-This is Bullish as the price is back at the top
-I recommend entering a position on breakout confirmation
-You can also wait for retest (pullback)
-Upside potential is up to 6000 sat or higher
-Stoploss is determined once a position is opened
WAN/BTC
-broke above 50ma and trendline resist
-potential bull cross 20ma and 50ma
-new immediate support at 2000s
-upside potential up to 2700s
-stoploss would be below 1800s
WAN/BTC
WAN bounces at the previous swing low at 1870 sats area and the RSI is painting a bullish divergence.
If WAN can break the descending trendline resistance at 2000 sats
it could spark a potential bottom and rally the price up to 3000 sats regions.
The ideal stop-loss is below the 1730 sats area.
Priceline of Wanchain / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002447 to 0.00002387
Sell between: 0.00002591 to 0.00002805
Regards,
Atif...
Wan/btc seeing a great breakout from this wedge forming the last few weeks, being matched with a good increase in volume also providing us confirmation of this movement. Our New support sits at 2600 sats while short term resistance sits at 2900-3000 sats & midterm resistance around the 4000-4200 sats zone. Depending on market conditions(bitcoin volatility), we are...
By the grace of Allah the most high after my previous successful gartley chart of WANBTC :
Now the Priceline of Wanchain / Bitcoin has formed another harmonic Shark pattern.
Volume profile is showing less interest of traders at this area.
Stochastic is oversold.
But the MACD is strong bearish and Stochastic did not give any bull cross sofar therefore for secure...
Priceline of Wanchain / Bitcoin cryptocurrency has formed a bullish gartley pattern and entered in potential reversal zone.
We have 25 simple moving average support within the PRZ area and a goden cross formation between 50MA and 100MA beneath the potential reversal zone which can help the price action to take bullish divergence from here.
I have used Fibonacci...
This one used to be my favorite back then.
Fundamental side, WAN Chain is pretty much a bunch of good people made a pretty good team at the moment, if you look at their twitter account they are sometimes reveal they activity in the process of developing WAN. I love this part, it makes me closer and can see clearly what people's do, how they do, where they do and...
