Wanchain (WAN) forming bullish Gartley for upto 37.50% move.Hi dear friends, hope you are well and welcome to the new update on Wanchain coin (WAN) with US Dollar pair.
I have already shared a long-term trade setup for WAN, which is still in play as below:
On a daily time frame, WAN is completing the final leg of a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Wanusdsignals
WAN / USD Wanchain (WAN) is forming a bull flag on the 4 hr with the local support established at 1.57
This DeFi project is mid-cap (312k) and just had some great news: Jupiter hard fork is coming April 15th. The news just came out today, so still fresh. The Jupiter hard fork makes Wanchain fully compatible with Ethereum.
Bitcoin keep experiencing correction at the moment, so be careful.
However, I would consider for myself zone around 1.6 a good buying opportunity if support holds.
Happy trading everyone!
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.
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)
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)