WANBTC trade ideas
WAN - falling wedge, bullish divergence 4 hourHi all,
I have been trying to pick the bottom on this one for a bit now.
We currently have a bullish divergence on the 4 hour RSI and MACD.
We have a falling wedge, which we may get rejected at the resistance/downtrend line, which coincidentally is by the 20 day moving average on the 4 hour chart.
I am hopeful that the bulls can charge through these bears, and this coin can return to glory!
Thanks!
WAN Trading OpportunitiesPrice trading in potential CUP and Handle pattern. Special consideration should be taken on the accumulationg zone to start picking up the coin.
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Thanks
WAN - Decision time -cusp of breakoutSo,
WAN did its re-trace, made an initial recovery.
We are sitting above a 50 RSI on the 4 hour.
We are sitting just below the 55 EMA.
Our golden cross is still in tact.
We could have a break-out soon.
If we get rejected, I could see a potential short term double bottom.
WAN/BTC - support & resistance analysisVery simple support & resistance analysis of WAN / BTC. Normally you must wait until breakout but I think we could get 6% by opening a position now. I will update this trade if price movement is fast.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
WAN going upWAN price has formed nice uptrend channel and it moves from upper trendline to lower threndline and backwards. So you know what to do - buy at lower and sell at higher. Sometimes middle line also acts as support or resistance.
Targets are 850 - 890 - 950 and than open range with 2120 - 2360 as nearest goals.
WAN - possible re-entry nowHi there!
WAN did a .618 retrace so far from its last run-up sequence, or almost a .786 depending upon which point you trace from.
It is in oversold territory, and is showing a hidden bullish divergence from October 15th to now.
I think that now is a good time to start your re-entry into WAN.
Thank you!