entering accumulation phase, possible spring incoming when btc make the next leg down.
5/15/18 *UPDATE* - If you've been following my Wanchain charts, you can see it's been moving as expected for the last week or so - B wave looks to be complete, and C wave may be complete soon, but could dip further as it's hard to ignore the giant head and shoulders pattern playing out currently and BTC looking to make a move - will look to enter some positions in...
I think it is a great coin and will bounce hard! I set up resistance & supports for ya'll
Wanchain has been on a steady decline since the 2nd of May high after its listing on Huobi. After Bitcoin's last little dump (from 8.8k to 8.3k), prices have gone down and are "dangerously" approaching our end of the triangle. Chart is self-explanatory, though: 1hr chart shows a bullish divergence in our Chaikin Oscillator, Momentum and RSI. Chaikin and...
Well to start off, All my recent TA ideas where looking really good, UNTIL the BTC fall and everything else fell or rose, or fell again. I just didn't have a clue what was happening anymore, why, when or how. Beginner's lack of knowledge some would say. I would like to say "hey, it's bitcoin and crypto currency, what do you expect?" Well anyways, this market...
5/10: Current EW count for the WAN and only... - waiting for peak of B wave for confirmation (also to form HnS) - then the break of HnS neckline/ 0.382 fib for further confirmation - looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far) - New to EW, so any corrections/criticisms would be much appreciated! Thank you! 5/11: *UPDATE*...
Hey, I am back with another Technical Analysis this time looking again at Wanchain . Last time my Analysis on Wanchain has seen almost instant breakout. Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy That was about Wanchain in short, lets take a look at chart ...
WAN is currently in an uptrend and it is maybe worth going in at the bottom support line.
Showing a Falling Wedge on WanChain. It looks like all the altcoins are bouncing. Be careful for 1 more leg down before a big push up.
Update WAN / BTC We saw a retest of the 0.5 Fib LvL ( 7371 ) - bounced from there and are now we try to go back to the 20EMA. ( Green line ) If we close above the 200 MA ( purple line ) we will restest as said on top the 20EMA and then the 50 MA. BTC needs to stay stable.
Heres a potential trade for Wan, green box will be a potential entry, if the volume is there too! Which is important, so you don't get bull trapped, and red box will be where i'd set my stop, a tight stop, because if we fall through the black trendline, the count changes! However, at the moment I'm seeing it as an ending diagonal about to go up for a final wave...
Wan has held the 100% fib and has support on the 3rd Arc Pair - I expect the candles to move towards the 1x2 Gann fib ray, when it hits this ascending support Wan should finish the chart with the price reaching the mid to high 0.0011's possibly low 0.0012s' - Breaking of the 1x2 would leave Wan candles looking for support on the 1x1 Gann fib ray and 78.60% fib...
Current EW count for the WAN and only... - waiting for peak of B wave for confirmation (also to form HnS) - then the break of HnS neckline/ 0.382 fib for further confirmation - looking to buy between the 0.5 and 0.618 retrace (if it ever retraces that far) - New to EW, so any corrections/criticisms would be much appreciated! Thank you! * This is not financial...
WAN is holding support which was the previous strong resistance level, Stoch RSI is also turning and looking good. If it continues than the next short term target is at next resistance level around 9300-9350
#WAN in my eyes look very very good and bullish. Lets play !