Wanusd
Wanchain Can WANUSD go lower? (Wave5)
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WAN/BTC (Double bottom?: up to 50% profit)WAN/BTC
WAN bounces at the previous swing low at 1870 sats area and the RSI is painting a bullish divergence.
If WAN can break the descending trendline resistance at 2000 sats
it could spark a potential bottom and rally the price up to 3000 sats regions.
The ideal stop-loss is below the 1730 sats area.
WANUSDT formed bullish Shark | Upto 24% expectedFrom mid of the Jan up till 4th feb 2020 the price action of Wanchain took upto 120% bullish move and after hitting $0.3659 we can see some correction waves and these correction moves 1st formed a bullish Butterfly pattern and then another harmonic bullish Shark pattern.
The price action has already hit the spike between 0.886 to 1.13 Fibonacci and completed the last leg of this Shark.
The Dimensions Of The Pattern:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg and this should be our potential sell zone.
The Bearish Signals Are Pulling Back The Priceline In PRZ Level:
Even though after hitting the spike in potential reversal zone the price action has already projected in sell zone but the indicators are still strong bearish and the priceline is likely to make another bearish move to enter in this PRZ area which will be another chance to take the long position from here.
The moving average conversion divergence is turned strong bearish and stochastic has given bear cross from the overbought zone and these signals will lead the price action to hit the potential reversal zone again.
The most optimistic bullish signal we have is a simple moving average with time period of 100 is already in the potential reversal zone to provide a strong support to price action to have a bullish bounce from here and hit the sell zone soon.
Buying And Sell Targets:
As per Fibonacci sequence method we can set our targets as below:
Buy between: $0.2711 to $0.2555
Sell between: $0.2854 to $0.3173
So this very short term 4 hour based chart trade can produce upto 24% profit.
Stop Loss:
The potential reversal zone area which is up to $0.3173 can be used as stop loss or we can also use 100 simple moving average for this purpose in case of complete candle sticks closes below this level.
I will be keep posting more potential trading ideas for educational purpose on different assets as soon as will receive any trading signals.
WanChain to follow Icoin and Aion for a 100% move.Simple, Icon and Aion made some great movements recently. And all these coins are still down a ton since their ATH.
Will we reach ATH’s again? For the projects that are legit, we’ll break past them in the coming bull run. Just like BTC is breaking ATH’s again.
Hard to believe, but who expected Amazon to hit $2000 after Dot.com bubble?
WanChain, on support against BTC pair. Now breaking the USD pair here.
If we flip the $0.20 level for support, I’d expect continuation.
Targets;
$0.27
$0.32
$0.48
Let’s see how this rolls.
WANUSDT forming bullish Cypher | Upto 17.5% bullish move aheadPriceline of Wanchain / US Dollar cryptocurrency is forming bullish Cypher pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1897 to 0.1810
Sell between: 0.1965 to 0.2127
Regards,
Atif Akbar (moon333)
WAN/BTC (Up to 101% Profit Target)WAN/BTC
After a huge run last August 25, WAN has been consolidating for almost 90 days now.
The fact that we are maintaining a Higher Low trend line of support and now trading above 50 MA and 100 Daily MA.
Bulls are still showing strength to break this down-line resistance in the few days/weeks.
Provided BTC.D will remain flat or fall further.
Trade setup
Buy area: 2630 Sats - 2280 Sats
Sell target: 3500 Sats - 4600 Sats
Stop loss: 1990 Sats
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WANBTC breakout dbl bot as BTC struggles to break R2As $BTCUSD continues to stagnate between $8400-$8600 resistance zones; pursuant to that key pivotal resistance of $13.6K; or another massive selloff dreading us toward the $6-8K range a conjecture formed around the 200 MACD read my Linkdin article for LONG update but I digress...a lot of mixed signals in what was undoubtedly an eventful week news wise.
On a more positive note (while we're left here biting our nails awaiting the fate of the minnows vs. whales in the tug-of-war- between the pivotal resistance needed to cross and the key support we've managed to hold this fluctuation in price has presented many altcoin opportunities for quick profits for you EMA{8,12,15} or short-mid term swing traders.
Such alts include: $XRP/$WAN/$EOS/$ETH -- the latter two of which are vastly undersold IMHO.
Here are the figures for this publication: remember to take all technical analysis with a grain of salt.
TARGET TP SHORT: 3253s
STOP @ 2404
DISCLAIMER
Not financial advise
-@a1mtarabichi
WANUSDT forming a bullish BAT | Upto 21% long opportunityPriceline of Wanchain / Tether US cryptocurrency is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.2008 to 0.1948
Sell between: 0.2147 to 0.2358
Regards,
Atif Akbar (moon333)
WANUSD formed a bullish gartley | Upto 94% expectedOn 2 day chart priceline of Wanchain / US Dollar has formed a bullish gartley and entered in potential reversal zone.
I would suggest to use the PRZ area as stop loss coz the A to B leg is retrace almost upto 0.786 fibonacci and in case of breakdown the potential reversal zone the D leg can move between 1.27 to 1.618 Fibonacci to form a bullish butterfly.
I have set the targets using Fibonacci sequence:
Buy between: 0.35480404 to 0.28240287
Sell between: 0.41163390 to 0.54830756
Regards,
Atif Akbar (moon333)
WANUSD formed bullish cypher | A good long opportunity Upto 31%After a successful formation of bullish gartley the priceline of Wanchain / US Dollar has formed a bullish cypher and almost entered in potential reversal zone.
I have defined targets using Fibonacci sequence:
Buy between: 0.34137114 to 0.31440000
Sell between: 0.36260840 to 0.41359320
Regards,
Atif Akbar (moon333)
WANUSD forme bullish butterfly | Upto 22% expectedPriceline of Wanchain / US Dollar cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone.
RSI is oversold.
I have used fibonacci sequence to set the targets.
buy between: 0.42530000 to 0.40022230
Sell between: 0.44380302 to 0.48864852
Regards,
Atif Akbar (moon333)