WAN is retracing back towards support inside of a falling wedge. WAN is sitting at a temporary support that has been expecting a bounce, but since broken below the 200MA. This signals a short term bearish trend that I expect to have a final leg down to hit closer to the green support box. I recommend to stagger long bids inside this zone. ATR is...
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
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.
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...
Priceline of Wanchain / Bitcoin cryptocurrency is forming a bullish cypher pattern soon it will be entered in potential reversal zone.
MACD is strong bearish.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.00004293 to 0.00004024
Sell between: 0.00004507 to 0.00005018
Atif Akbar (moon333)
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...
WANBTC down channel pattern, quite a difficult to say the movement but we predicted 2 possible scenarios...
As per RSI also a bullish divergence from a long time...and stochastic showing some downward momentum...
Good news is that WAN has fundamental news in March, so traders can trade as per fundamental movement
TIP : I'm quite positve on RSI divergence :)
WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%.
It has been moving inside the falling wedge for quite some time now.
The price has been continuously getting rejected from the basis line of the Bollinger bands.
The price action is so weak that it is not even able to cross through EMA(12). (See...