WAN made a big inverse H&S, btc and alts confirm it WAN has made a big inverse H&S now with a target of around 50/60% higher. The neckline almost breaks already, volume has been very good the past week as well, looks like accumulation as well. Together with my view of Bitcoin, could be we can see a small/big alt season again, something we have nog seen for months now.
Target of this IH&S is around 2.2, that is a resistance level as well, so it could just push through as well, depends of course on the rest of the market.
Wanbtc
[WANBTC] Wanchain Long Trade [130% up to 500% Profits Potential]Wanchain (WANBTC) is looking just like Walton (WTC) when it comes to the charts. A huge retrace followed by some really strong bullish action.
Now, we've seen failed breakout (fakeouts) attempts in the past (marked with a yellow square on the chart), these only lasted a few days and had no volume to back them up. Volume is now backing us yet we still need a little bit more time before we have a full reversal confirmation. But too many signals are telling us that this might be it... Let's take a look at those.
First the daily chart:
Charts, signals and indicators
- Broke and close above EMA10 (blue line). Today's candle is really strong with good volume.
- Wanchain has been going down since May and finally stopped when we broke the downtrend channel a few days back, which is marked red on the chart.
- You can easily spot the bullish divergence on the MACD (first indicator below the main chart).
- You can easily see how the RSI and STOCH (last two indicators respectively) are trending up. The RSI bounced from oversold and is now sitting at 48, it needs more but this level hasn't been touched since early May.
The weekly chart:
- The weekly chart is also very telling. Self explanatory by the way.
- Notice the volume. Only when WANBTC was going up we had the volume we are seeing now on the weekly time frame.
- Not enough data for our indicators, but they are sitting at the bottom and showing plenty of room available for growth.
- Now, let's move on...
Wanchain (WAN) upcoming events
31 December 2018 (or earlier) Wanchain 3.0.
Wanchain 3.0 - Integration with Bitcoin, Multi-Coin Wallet.
Wanchain (WANBTC) targets by Alan Masters
(1) 0.000204
(2) 0.000233
(3) 0.000263
(4) 0.000305
(5) 0.000359
--
(6) 0.000451
(7) 0.000557
(8) 0.000662
(9) 0.000813
'Targets' is where you sell for profits.
Buy low... PATIENCE... and later sell on target... That's the trick.
Stop loss: Close below 0.00012 on the weekly time frame/candle closes this trade at a loss. When we start to hit our targets, you can ignore the stop loss.
THE WINDS OF CHANGE ARE COMING
How has change treated you lately?
Have you been a friend of change?
Change is always present... It can be hard to change but change is good.
When it comes knocking at your door, it isn't asking for permission, it is coming in regardless... What will you do?
Will you lock the door and run away?
Will you face the change with fear and cry thinking everything is going to end?
Will you open the door and say, "Hey, I am ready for the change!".
Yes, that's my answer, because CHANGE IS ALREADY ON ITS WAY!
Namaste.
WANCHAIN: PARTNERSHIPS & E-MED PLATFORM - PROFIT = 90.21% !Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 14th of August 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 90.21% PROFIT! IN 2 WEEKS!
The increase in price may also be explained by positive developments including:
July 24: Wanchain announces WanLabs, Wanchain’s Blockchain Startup Accelerator.
July 26: Wanchain announces the Wanchain 2.0 Cross-Chain Implementation Model. This outines the following:
-Current Cross-chain Implementation Models
-Wanchain Cross-chain Implementation Model
-Wanchain’s Solutions for the Technical Problems Inherent in Cross-chain
-Functions and Application Scenarios Available in Wanchain 2.0
-Wanchain Cross-chain Development Path
August 2: Wanchain Joins the Token Alliance in Collaboration with the Chamber of Digital Commerce and its Members. The Token Alliance is an initiative of the Chamber of Digital Commerce representing more than 350 blockchain and token experts from around the globe, to develop a comprehensive set of guidelines to help shape the responsible growth of the token marketplace.
August 8: Ledger Nano S adds support for Wanchain.
August 16: Wanchain announces BlockMedX a blockchain E-Prescription Platform built on Wanchain.
August 22: Wanchain announces a new partnership with Kronos, a financial platform that allows the average investor to access elite trading strategies employed by traditional fund managers around the world. Kronos is a valuable partner in Wanchain’s mission to expand and rebuild financial services based on blockchain technology.
It is believed that a surge in volume is driven by the developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)
WAN - H4 - BinanceHello
At your request, today we will review the WAN
With the current light wave, we believe that the WAN is not sufficiently adjusted to be able to enter the uptrend of this price range, but only a weakening effort in the downtrend of its price.
In our opinion, we believe we still have the opportunity to buy WAN at a lower price than the current price. The purchase area will be approximately 1000 sts.
We are expecting a 100% return in this area, but you should pay close attention to the 1827 (80% of profit), as the market trend is easy to sell to create a new downtrend. Remember to set SL for all your transactions offline!
We recommend the following commands:
EP: 1035-1072
TP 1: 1827
TP 2: 2288
TG: 2665
Like and share if you like, feeback for us to get more support. Wish you successful trading!
WANCHAIN - IS IT STILL ALIVE? OR HEADING TOWARDS GRAVE?WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%.
It has been moving inside the falling wedge for quite some time now.
The price has been continuously getting rejected from the basis line of the Bollinger bands.
The price action is so weak that it is not even able to cross through EMA(12). (See the circles marked with Pink colour)
Now the price is at the lower boundary of the wedge from where it should try to move towards the basis line
of the Bollinger bands or atleast till the EMA(12)
If it does't rebound from here, it should fall to 1200-ish satoshi range. Alternatively, we the price is able to push a little bit up, it can reach upto 2k satoshi easily. In any case, we are possibly near to bottom. Get ready to open up some positions!
I'll keep updating this, as and when required.
P.S: This is not an investment advice. This is my personal journal. Invest your capital at your own risk.
Keep an eye out. Trade safely. Always remember, money not lost is also a profit.
Good luck trading.!
Peace.
Has WAN found it's bottom??I was thinking about trying to explain the meaning of life, then I decided on something much harder; discovering the bottom price for WAN!
Wan has been in freefall. It has become the butt of jokes for any altcoin hating individual. People have got REKT buying this, and they have got even more rekt selling it. Despite the quite incredible ideas of WAN, it is still early days for the team and a coin that has been shilled and hyped to death with no practical product.
It hasn't all been bad news. There will be a series of mainnets coming this year, and I think they signed into the Token Alliance at just the right time to prove that WANCHAIN isn't the new bitconnect. The price action was heavily manipulated downwards (which is a positive sign for a coin that won't die) I am not going to write a big old spiel about broadening wedges, descending wedges, BTC action, psychological levels etc... I am just going to show this visual metaphor which points to obvious trends in the chart and the OBV. Anyone who has been watching the price action on WAN in the last four months will know that if/when this goes, it will be classic altcoin volatility.
Yes I just bought a bag. And this isn't trading advice. DYOR
Zoomed in
WAN BNB
What is happening to WAN? Will it Bounce?Wan is going down with no end in sight.. comparing to BTC, WAN is following a down channel south without any price history to make any valid argument on where the bounce might be. According to TD sequential indicator, we can expect a bounce very soon according to the oversold RSI, and TD sequential is a on 8/9 with an aggressive 13 some time before which indicates that we could have some relief near term.
WANBTC: What you all think?Hi All,
Its all in the chart.
Don't forget why you got into the crypto sphere.
Only Buy Pull Backs in projects you believe in for the next 5yrs: Long.
Majority of investors are going to sell when break even: Short.
I firmly believe WANBTC will make higher high on it's all time high.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all.
Like the Phoenix we will rise from the ashes
Happy trading People...
WanChain vs Bitcoin Upcoming Reversal PotentialSince June,WanChain has been trending downwards within the descending channel. It has lost over 64% to Bitcoin in less than two months. Although today price has bounced off the 227.2% Fibonacci retracement level at 2350 satoshis.
The support has been rejected cleanly suggesting that WAN/BTC could have reached the bottom or very close to it. At the same time the middle trendline of the descending channel has been rejected.
Indeed, this could be the turning point for the WanChain, although far to early to state about that with confidence. The downside momentum is still strong and WAN could fall slighly lower, towards 2130 satoshis before moving up. But only break and close below 2130 level would invalidate bullish scenario.
On the other hand, if price stays above the 2350 satoshis, the correctional wave up could be the case, first strong resistance is seen near 3k satoshis area. If broken, further move up should be expected, towards 3.7k satoshis area. And finally, if 3800 satoshis level is broken, with the daily close above, the uptrend might start, inviting a lot more buyers.
Why Wanchain is one of the best buys now and alts in general Hello people,
Good day. BTC breakout upwards, fine. Altcoins seemingly bouncing after capitulation, grazi grazi.
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Also, Wanchain is one of the most depressing holds I've seen lately, so I'd say: that's a buy and I'd like to describe why I feel that way. And released some good news yesterday.
TA point of view: falling wedge principle, sideways movements and potential bottom is found here.
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Same on the Stoch and RSI. MACD and Histo doesn't have that much data yet.
4 Days: Even on this timeframe on Stoch and RSI.
5 Days: Also on Stoch.
1 Week: Not much data to conclude something here.
WAN/BTC:
1 Day, 2 Day and 3 Days on WAN/BTC are the same with the bullish divergences and a capitulation wick downwards.
1 Week: Not much data to conclude something here.
Concluding for here I'm assuming that the whole market will experience upwards momentum as both the USD and BTC pair are screaming for a buy.
First target for me: $3,70 zone. Normally then small retrace and afterwards to $5, but have to see in a few weeks and then I'll update.
WANBTC: Reversal looks to be ongoingHi All,
Hope all your trades are going well. No Objectivity or Emotions when trading...
There are only three trend which could occur within any market... Uptrend, Downtrend, and Horizontal sideway patterns...
Always have a checklist before entering any trade: Long or Short...
1. The Trade setup 2. The Entry 3. Initial Stop Loss
4. Exit and Trailing Stop 5. Capital size willing to risk
WAN/BITCOIN continues trading in the downtrend channel.
WANBTC attempted to break the channel @ 0.0003399, but was rejected.
It's attempting to break it for the second time 0.0003186, to make lower high.
Hopefully make higher high and high lows for a reversal.
RSI Level: Shows Oversold -40 K & D.
Probability: 60% WANBTC go Higher with a 40% WANBTC go lower.
Keep in Mind when trading: Not to be greedy: Use Trailing Stop Loss...
3-5 Bar Declines: it's an indicator to - Buy
3-5 Bar Increase: it's an indicator to - Sell
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me and like this post if it was helpful, and thank you all...
Like the Phoenix we will rise from the ashes...
Happy trading People...
1W Chart
4HR Chart
1D Chart: Trade Idea 2/1 risk Ratio