WANBTC | Analysis
- WANBTC recently flipped the 2282 sat resistance to support, overcoming the 200 Day MA.
- It was rejected from the support quite strongly, indicating good demand at the support.
- Now WANBTC will progress higher to the next resistance which is 2927 Sats (22%)
- Overcoming that resistance, our overhead resistance is cleared till our first take profit region TP1 (50%)
- On reaching TP1, i'm expecting the price action to consolidate / Pullback a bit to form a proper support on a higher high basis.
- I will update more regarding the possibility of reaching our TP2 and TP3 based on the underlying market sentiment at that time.
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