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Wanchain / Bitcoin

SoT 2.0 Chartoff May, Week 3

By CryptoSparkling
Updated
Analyse of WANBTC:
- Broke an hourly downtrend (pink).
- Is attacking the daily resistance at 574 (yellow).
- Is currently laddering along his hourly uptrend (pink).

Setup Proposal:
- Entry: 497
- Target: 574 ( ~ 15.0 %)
- Loss: 485 (~ 2.4%)

Good luck !
Trade active
Entered at 506
Comment
Chart update

We are still on track to reach our target despite the recent BTC drop. WANBTC is currently fighting against the following hold level and keep laddering slowly.

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Chart update (errata)

We mis-identified the following wedge on the 15m time frame.
Expect an additional "stop" against this 15m down trend during the next move.

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Update

We're still on track but we must hold the following uptrend (bold). If we break it, we might consider exiting the trade.

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Trade closed: target reached
Target reached (574) with 13.51% profit.
Hope you enjoyed
Comment
The Updated chart

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Trend Analysis

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