WAN has seemed to have run out of steam. As you can see RSI is showing Bearish Divergence, Volume is starting to wind down and we have multiple FAILED attempts to break that resistance level.
Here's a Fib Retrace on the 1 hr with some Support/Resistance levels slapped on.
I plan on scaling back in sometime next week.
Happy Trading!!!
For me WAN is the best coin of 2018.
I was looking suitable place to buy.
We have Cup&Handle formation.
I will get in after break out.
Anyway lets grab some coffe :)
Hey everyone,
More in depth chart above ^^^^^^
So it looks like BTC -4.21% had very harsh sell volume kick in at the 61.8 fib region of the previous downleg.
I spot this leg to be an ABC upwards, with a very slim chart of it actually being a 5 wave impulse upwards.
This is because when I counted those waves on this leg up, they all painted 3's with a last...
Risk is a profit why? So it very simple, WAN look very good, how you can see. Only add to your trade narrow stop loss, because in this chart I see big possible for nice profit, but WAN can go down too of course.
Stop loss - 45 500
Target 1 - 52 000
Target 2 - 56 000
-Wanchain 3rd wave complete.
-5th wave always uncertain, but fomo is strong. Bad setup for new trades right here.
-MacD dangerous, RSI is looking like it has had 3-4 elliot waves down. A full reset would have it have one more fifth wave down and move sideways. This would be a good confirmation signal.
-Bouncing of EMA
-Has run hard and quickly, wave 2...
The concept behind the flag and pennant patterns is that the momentum seen during the flag pole phase could continue once the pattern completes. Therefore, measure the size of the flag pole, then add that length to the bottom of the flag/pennant for bullish patterns.
Lets see how does WAN respect TA :)
Sell price target: 0.00059782
TBH, I wouldn't be...
Short write up but you have seen me post these same set ups before, we buy the first candle to close outside the channel (green solid line)
Stop loss is set just below this green solid line.
Targets are green dotted lines, these new coins attract attention when they break and are fast movers. You have seen this with a number of new coins we have now traded...
I moved into WAN yesterday and have been waiting for a little breakout.
It looks to be forming a cup and handle on the 4hr and on the 1hr we have a nice little break above the EMA's.
I'm expecting more volume to pick up this evening.
Those 2 resistance points are my target profit zones.
[ BINANCE:WANBTC
Wan has pumped and consolidated nicely twice in a row now. Looking for continued consolidation until it breaks the trend lines. Potential short term swings until then, but ultimately Wan (And many other alts) will be dependent on BTC movement. Keep an eye on btc and look for volume spikes to indicate Wan Short term pump.
BINANCE:WANBTC Price finding support bouncing on it a few times at the bottom of the cloud, RSI also finding support, SRSI bottoming put. Expecting strong bounce up through support trend line.
