WAN/BTC 1D (Binance) Descending channels about to cross
TA: Wanchain is facing one parallel channel support (pink) and the other on resistance, I'm expecting a breakout of the big one (beige).
FA: WAN is also a staking coin with high APR (+5-6% at least) and releasing DApp services as mentioned in their 2020 roadmap.
Current Price= 0.00001845
Buy Entry= 0.00001850 - 0.00001676
Take Profit= 0.00002197 | 0.00002629 | 0.00003324
Stop Loss= 0.00001329
Risk/Reward= 1:1 | 1:2 | 1:3.6
Expected Profit= 24.62% | 49.12% | 88.54%
Possible Loss= -24.62%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1080h
FA: WAN is also a staking coin with high APR (+5-6% at least) and releasing DApp services as mentioned in their 2020 roadmap.
Current Price= 0.00001845
Buy Entry= 0.00001850 - 0.00001676
Take Profit= 0.00002197 | 0.00002629 | 0.00003324
Stop Loss= 0.00001329
Risk/Reward= 1:1 | 1:2 | 1:3.6
Expected Profit= 24.62% | 49.12% | 88.54%
Possible Loss= -24.62%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1080h
Trade closed: target reached
TP1 hit with +19.47% profit from 1839 sats.Note
Price pulled back almost to entry range, if you missed it or you want to re-enter, now could be a good time. In case it goes lower I'd be adding to my position down to 1676 sats. Higher targets are still valid!
Trade closed: target reached
And that's a wrap, TP3 reached with +80.41% profit, enjoy!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.