Still hungry, wolves?🔥
There is a descending triangle on WANETH crypto pair.
The price is in a slight bullish trend now. So it may be a continuation pattern. However do not rush, wait for the clear breakout.
According to the Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the best price to...
Wanchain has taken an absolute battering from BTC. Once a very desired cryptocurrency could it have its day against ETH. I'm long, for now, I feel it had the life squeezed out of it. Perfect time to pick up and HODL.d out of it. Perfect time to pick up and HODL.
NOTE : These are just my opinions. My messages or chart analysis are NOT intended as a recommendation to buy or sell any cryptocurrency or asset. Do Your Own Research.
** NO POSITION , NO COMPENSATION **
This is a simple trade analysis of the WAN/ETH altcoin trade.
Chances to follow the blue solid line are high. Dashed lines are much less probable.
Do not take into account delays.
WAN/ETH is currently at 0.005260 (it should come back at least to 0.005150).
Within less than a week, it should reach 0.006300 (+22% : subwave 3 of wave 3). Scale your...
WAN is still relatively new to the exchanges. Here we see that price action is below its opening candle. This is typical of securities and their IPO, so the parallel action with WAN's initial coin offering is reassuring. The rumors are that there is "Smart Money" behind WAN. The price action reflects just that with the retracement to more than 61.8%. Other rumors...
WAN is really a crappy coin but we don't care since we want to take some profit from it's price swings.
WAN formed a double bottom and now retesting one major resistance after which it can go to the next one with ~10% short term profit.