BREAKING 2 LONG-TERM RESISTANCE TREND-LINES & TRYING TO FLIP CURRENT RESISTANCE TO SUPPORT. IT'S A SWING TRADE FOR ME AND IAM TARGETING 100 WMA.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Very good coin and price made above the ichimoku cloud and taking support.
if daily candle close above ichimoku cloud and 100 EMA with good volume than we can see really good surge in price.
for investing this is best option with Stop below ichimoku cloud after daily close above 100 EMA .
TA: Wanchain is facing one parallel channel support (pink) and the other on resistance, I'm expecting a breakout of the big one (beige).
FA: WAN is also a staking coin with high APR (+5-6% at least) and releasing DApp services as mentioned in their 2020 roadmap.
Current Price= 0.00001845
Buy Entry= 0.00001850 - 0.00001676
Take Profit= 0.00002197 | 0.00002629 |...
WAN is very strong too and I think it will hit 2200sts zone soon. If it can pass over 2200sts, its max target is about 2800-2900sts in June.
If you have no WAN, you should wait for it at 1800-1900sts
Self-explanatory chart here on WANBTC
EMA's are starting convergence and will soon cluster, acting as a nice support base for WAN to sit before a potential move to the upside.
We still have this 200ma acting as resistance, but so far from our original entry at 1684 sats, we're having another go at a kumo edge to edge.
This would be a medium term hold, so not...
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
Wanchain (WANBTC) is trading near all-time lows and can easily start to climb back up.
We've seen many altcoins with a similar chart that are now producing strong gains.
Remember to always have a plan/strategy if you decide to trade.
The low at 0.00001779 can be used as a stop-loss.
Thanks a lot for reading.
Namaste.
Looking at WAN on the 4h chart
* Price currently in the buy zone
* Price sitting towards the POC
* Big hole in VPVR which suggests that price needs to go up to fill in the hole (over time)
* OBV very healthy and people have been accumulating
* Histogram is still in divergence
* Willy is kind of in no mans land
* RSI is over sold
Looking at WAN trading sideways...
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.
BINANCE:WANBTC has finally managed to break above the MA50 on the 4h chart after a lot of previous failed attempts, hoping for continuation.
Entry: 0.00001926
Target 1: 0.00002097
Target 2: 0.00002284
SL: 0.00001857
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