Hi dear friends, hope you are well and welcome to the new update on Wanchain coin.
On the weekly time frame chart, the price line of WAN has completed the final leg of bullish BAT . There is also 100 SMA support below the buying zone.
$WAN breakout 0.50 cents low risk and upward exit
Falling below the red marker zone and failure to maintain the zone of the lower band of the diamond equals to looking for support on the fibo at 0.4500
holding the 0.618fib (orange)
will test the higher zone for an upward breakout
Bitcoin needs to help with this, on it chart above
VC indicator, voluemn shows...
Since End of April / beginning of May, WAN is slowly creeping up and is looking for new highs!
Target 1: 2.63 $
Target 2: 2.99 $
Target 3: 3.50 $
Target 4: 4.16 $
Side Notes: i think in the next days we will see some strong moves to the first 2 targets, a lil retracement near t1 and up to new highs
Dont forget to like :)
Wan has formed a bullish engulfing pattern near the support area it means it was the final checkpoint of the bears now Wan is ready to break multiple bearish resistance and will make new highs. The new high will touch the trending line of previous highs. This pattern is also called expanding triangle.
Target at the top will give 70% gains of the...
WAN looking strong here, volume is coming in and testing horizontal resistance again.
Keep in mind that it currently is still resistance! A safe entry could be once we close above.
For every new follower i will add a new idea :)