WANBTC trade ideas
Trying to break above the descending trendline$WAN Trying to break above the descending trendline that is on since Nov18.
Volume increasing in the last days, Both MACD & RSI rising,
Buy signal from the UCTS active on the daily...
Breaking above EMA50 could be the catalyst needed. Potential targets on the chart. #WAN
WANBTC - WANCHAIN - Time for a small bump in price?Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I don't typically keep an eye on WAN but I was alerted to it by a fellow friend of mine (Thanks Byz) and saw enough important points here I felt like I had to post my thoughts on it.
First lets pay attention to the orange trendline. That is the 30 day exponential moving average (EMA). You can see over and over how there was rejection at that particular level. In August, September, and in October it was able to break through it temporarily. Once it was able to break through, it got a clean rejection at the 75 day EMA.
We have officially been governed by the 50 day EMA recently all throughout 2019. We're finding some support at the 25 day and with so many other alts popping right now it would not surprise me one bit to see this one get a small move to the upside. The question, as always, is where will it stop.
First, we've got to close above the 50 day EMA before I consider opening a position. I can see our major resistance being around 925 which is based on the upside move back in January. Best thing you can do is take the trade on a clean break of 825 and once it hits 850, set a stop loss and let it go, moving up your stop conservatively every 5 or 10 sats or so.
As always, strict stop loss which I've adjusted to the daily low from today. It's about 3:1 odds for this trade.
Trade safely friends!
<3 -CE-
Wanchain needs to break out of the accumulation zone.Eyeing Wanchain here. ICX has been on a nice run lately, and WAN has followed it in the past. More importantly; it has been ranging sideways since the beginning of February.
No position yet, but something to keep an eye on. Waiting for a high time-frame close above 837 sats to long, and 951 should follow suit.
Follow me on twitter @BruceLeeCrypto to stay updated on my trades.
And as always, trade safe.
WAN/BTC Going to BurstHello Friends,
The obvious is on this chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework.
Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment.
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CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype.
Cheers!
WARNING: Gurus don't want you to see this | WANBTC (-50% |-99%)Wanchain (WANBTC) is not getting closer to breakout...
WANBTC has been going down since hitting an all-time high back in May 2018. As it drops, it has been creating lower lows.
Recently nothing has changed because nobody cares about this coin and it will continue going down. WANBTC is not preparing to break out
Trading volume has not really been increasing, and today there was no notable breakout, nothing, you would be foolish to think that this has significance. Potential returns if you buy: -50% to -99%
These signals are telling that Wanchain (WANBTC) on Binance is not going to do anything special, other than going down.
I'll be keeping an eye on this chart... Thanks a lot for reading.
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Falling wedge ++ Bullish Divergences Falling wedge / descending channel. Identifying a support is kinda hard since we are at ATL & falling.
On the good side, MACD and RSI are showing a bullish divergence that could indicate a reversal soon.. wait for bigger signals of support / bounce
Also Wanchain calendar is full of events during 2019, including a mainnet release at years end. So Accumulating at ATL (WAIT FOR SUPPORT!) and hodling could be a good plan if you are a long term hodler.