Wanbtc
Wan is going north!Hello friends welcome to this analysis on Wanchain!
Wanchain is one of new favorable ICOs and it looks like a solid project and it's interesting to know that it gave 10x profits back to the people who participated in pre-ICO sale.
it seems like it has a lot of interest in the market as you can see a lot of people are talking about it on the internet!
looking at the chart, it looks like it has broken out of a cup and handle inside of a pennant.
I'm just gonna predict the way I expect it to move and map it for my self.
good luck.
WAN/BTC Rising Wedge 4hrRSI has been showing Bearish Divergence and is more noticeable on the 30 minute chart.
That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you 100% believe in the project like I do. It just means we can accumulate more.
However, due to the popularity of the project there is always the possibility that it may defy the technicals and continue higher.
This chart plays out to May 1st which is only a few days away.
Let's see how it goes, remember, patience is key to being successful as a trader and/or investor.
WANBTC - Wave- & Structural Analysis and Fibonacci ExtensionQuick chart for WANBTC, MACD looks bearish 4H so correction is probably now continuing 19-21 April, then more up expected.
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-TheTrex
WAN - Next leg upCorrection wave has completed under EWT, or is about to finish its a,b,c,d,e correction. This has been a nice consolidation.
It's painting a Bull flag which is a continuation pattern.
Given the fundamentals of WAN and multiple news that are about to release, it's extremely probable that the new trend will be an uptrend.
-Ledger integration
-Ethereum cross-chain integration by June 30th
-High quality dapps
-Possible exchange listings soon
WANWhere does WAN go? This choice will be made soon enough and after that I'll let you know how I'm going to approach this one. There should be a proper trade right here.
But for the moment, Wancoin seems to be moving sideways in an upwards channel that could have some downwards potential and that's why I'm going to wait for a clear signal.
If you like a little risk/gamble you could get in now, because I do see this break to the upside.
Target anywhere between 10494 / 14494
Bulls in control on Bitcoin!Bitcoin has steadily been knocking down all sorts of walls on its way up. There is still resistance on the way up, but the trend is your friend is a classic saying for a reason. We are trending up right now, and market sentiment is positive. I cannot stress enough the importance of crossing the downward log trend. I am personally long and attempting to accumulate more BTC by shorting the resistance points for small scalps. Im not sure where this trend ends, but I believe the market has taken a turn. For now.
Symmetric Triangle, Solid Fundamentals - BUYWanchain is perhaps the most successful ico of recent history and is showing no signs of slowing down. Volume may have declined, but this looks like a class symmetric triangle consolidation. Looks like the next leg up should be here shortly. Targets are difficult as there is not an extensive price history for the coin, but according to classic ta, the measured move target should be roughly 96,000 sats (~35% upside). Points to watch will be the lower edge of the triangle as well as the top trend line of the triangle around 77,000 sats.
WAN - Wanchain In Pennant Breakout Pattern.Hey, I am back with Another Trade Idea.
This time Looking at Wanchain. I was looking coinmarketcap and found that Wanchain havent seen any major price movement in past 7 days. Wanchain is currently at rank 34 with not that high marketcap.
Taking look at the chart there is Pennant that is being formed that can lead to breakout, the breakout often happens at end axis.
Indicators
MACD is about to cross, very low sellers that will lead to arrival of buyers.
RSI needs to cross at least 55 to became bullish.
Volume is getting still lower, which is like calm before the storm.
Hope I made your view on whats going on with Wanchain somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
WAN 100% profit potential (short term)WANBTC 1D Elliot Wave count.
Looks like we just finished Wave 2 correction.
Targets for the Wave 3 (green rectangles) depending on the extension it will take.
As a rule of a thumb Wave 3 often reached 1 : 1.618 ext.
Red rectangle is a Target for a corrective 4th Wave.:
1. 2nd Wave retraced shallowly. Hence, wave 4 is expected to retrace steeply.
2. Even if Wave 3 reaches 1:1 ext, 0.5 fib retracement land in the same levels ( red rectangle )
3. It cannot retrace into the Wave 2 territory
DYOR.
Wanchain, WANBTC Possible Cup & Handle and Wave 3 in The Making!Wanchain (WAN) a distributed financial infrastructure coin powered by cross-blockchain smart contracts with privacy protection has become one of the more popular and good performing coins after their very successful ICO and listing on Binance.
Good team and project so you can't do much wrong with a Wanchain in your portfolio.
If we look at the chart, then we can also see an interesting development.
After a very nice runup and consolidation Wanchain, WANBTC had clearly broken out a Bull Flag pattern but found resistance around the 0.0008100 level to eventually fall back to around the 0.0007300 level.
This also happens to be close to the lower channel line WANBTC is in. So around the 0.0007300 area should give WANBTC a good level of support.
If we look further and use a little imagination we could see a start of a Cup & Handle pattern forming. And if we add some Elliot Wave theory into the mix, then we might see the start of a Wave 3 as well:
So a lot of signs that we can trade on for a short-term swing in WANBTC.
Levels to take a look at if you want to trade Wanchain, WANBTC:
Buy Area:
0.0007300 - 0.0007600
Profit Target:
1. 0.0008095
2. 0.0008498
3. 0.0008785
Stop Loss:
0.0007136
Remember you can use a larger stop or no stop at all if you believe in this coin for the mid or long term. This way you can just ride it out and don't have to worry to get stopped out and miss the swing.
This also accounts for the profit targets, if you believe in this coin, then you can just ride it out as long as you like or feel comfortable.
Leave a comment if you have any questions.
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And until next time, good luck with your trading!