We might have missed the most optimal entry for the coin, however, now is still a great time to get in especially since the target one is actually pretty feasible. Otherwise wait for the retracement to the 38% entry zoen
Hi guys! 👋🏻
🔔 The reason why I call this analysis - The 0.618 paradox of Wanchain is because this is the first time I have ever seen than the Fibo retracement and the price of an asset are the same number - 0.618. Isn't that beautiful?
🔔 Check this out
🔔 Wanchain has made important announcements recently in it’s DeFi scope. The launch of WanFarm, XRP...
Here we see our 1 day WAN chart from Binance .You see a Golden Cross appears imminent with that light blue 50 MA going to cross up and through the dark blue 200 MA , probably in a few weeks . When that happens our Ichimoku cloud will almost certainly have a Bullish twist up called a Kumo Twist , or a Kumo Breakout. This is excellent news on a higher timeframe and...
WANCHAIN IS HEADING UP TO $1.60 TOP OF THE CHANNEL IN THE NEXT MOVE UPWARD
- CURRENTLY SITTING IN A STRONG RESISTANCE ZONE, A BREAK OF THE YELLOW RESISTANCE ZONE WOULD BE A BUY SIGNAL, WITH THE NEXT RESISTANCE ZONE SITTING AT $1.15-1.18
OVERALL WANCHAIN IS VERY VERY UNDERVALUED AND I WOULD NOT BE SUPRISED IF WANHCHAIN REACHES THE BILLION DOLLAR MARKET CAP THIS...
Symmetric ascending triangle (could also be an ascending channel) could continue all the way to the major $1 resistance - after breaking $1 there should be some FOMO pushing it up to $1.14 fairly quickly.
-Btc running up to ATH
-partnership announcement most likely this quarter
-first btc-eth bridge launched
Wanchain is seeing a very bearish pattern playing out - ascending wedge! This pattern is shared with many other altcoins, alongside bitcoin forming a head and shoulder pattern on the 4-hour chart the overall market direction is pointing downward!
I believe we will see downward movement for the remainder of the month before we head back up nearing the later half...
ANALYSIS 🔎
- WANUSD brokeout above the inverse head and shoulders neckline resistance.
- Price hit a swing high and retraced.
- Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this retest zone (High buying pressure).
BUY ENTRY...
A break up over the downward channel resistance line could potentially lead to a push to the $1
Failure to break could result in a drop to the 200 days MA on the four-hour chart before a bounce upward
If you are currently on the sidelines waiting for a break above the channels resistance would be a good buy signal. Otherwise, get ready to purchase some cheaper...
My track record for predicting wanchain price movements have been exceptional! I am expecting another run up breaking us out of this descending wedge and making a run up to $1.10 within the next 24-48hours!
Bullish signals
- Macd crossing
- Broke $0.85 resistance
- BB midline break
- MA golden cross coming
- volume increasing
As always let me know your...
WOW! What a crazy 24hours, the entire market saw a massive pullback as suggested in my previous post! Firstly a massive congratulations to everyone who followed by BTC short post - I hope you all secured profits and were able to grab some discounted coins! I used this opportunity to load up on some more Wanchain!
Guys! Wanchain is looking good right now, we could...
