💎Technical Analysis Summary💎
-WanChain tested the key support level twice
-The selling pressure started to cool off for now
-But this downtrend is not yet over
-Until the trendline resistance is broken upward
-So just be patient and wait for the proper entry signal
-You may not catch the bottom but at least you can reduce the risk
I am currently bullish about WAN while EngineeringRobo remains bearish.
If you are currently holding WAN, you should continue to hold and aim to sell at the resistance level.
If you are looking to buy, your options are:
- Wait for EngineeringRobo buy signals
- Buy now as the candles have recently turned the 0.27 resistance level into the support level
People who bought WAN in July from the MOON signal, enjoy your 128.13% PROFIT that you made in 2 months!
There's also green cloud present as a buy signal.
As of now, if you are holding WAN, do not hurry to sell since there are no sell signals present from EngineeringRobo. You can sell if the candle open close below the support level (0.46) for 1D or wait for...
I have 4 positive signals I am bullish at the moment
It is above the horizontal-support line( $ 0,4641)
Buy this coin when the resistance line totally turns to support line (one candle open close above the new support line in 1d)
If you hold this coin don't hurry to sell it and both case watch carefully EngineeringRobo' s sell signal
And also you got Buy 3 for...
-Wanchain found support at the previous key area
-It manages to recover fast and currently testing recent top
-This is Bullish as the price is back at the top
-I recommend entering a position on breakout confirmation
-You can also wait for retest (pullback)
-Upside potential is up to 6000 sat or higher
-Stoploss is determined once a position is opened
I am mostly positive about Wanchain. The MA 20 (blue line) is above the MA 50 (yellow line) indicating that it is time to buy it. In addition, Engineering Robo 2 is giving a Buy 2 signal and there is also a bull signal, indicating that it is a good time to buy it. As long as the candle stays above the support line, I can buy it. If the candle goes down and breaks...
WAN is a good opportunity to earn a good benefit.
If you already have it, your benefit will be min 74.6%. DO NOT worry. Waiting for the horizontal line(0.4982).
If you do not have,
a) you may buy it now, and earn about 74.6% benefit if you sell at the horizontal line(0.4982)
b) you wait for first the horizontal line(0.3133), and then buy. when you sell it at the...
#WANBTC Short term Scalping Trade:-
Entry:- CMP ( Current Market Price ( 2200 Satoshi)
Target: 2742/3163 Satoshi
Stop Loss:- 2066 Satoshi
Guys Must Keep in mind place Stop loss for safe zone.
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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...
Can WANUSD go lower? (Wave5)
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