WAN - correction finished, now move up as a final 5th waveWAN is looking very bullish. We had very strong 3rd wave with huge increase of volume and we surpassed eliott wave channel and now the 4th wave, correction, should be finished, because we broke up of falling wedge, so I assume, that correction is over. If my eliott wave count is right, then we have just finished 4th wave and now we should see 5th wave, that should take us towards 4600 satoshi. I bought at 2996 satoshi, my stop loss is 2810. Very high risk reward ratio (8,8).
WANBTC trade ideas
WANBTC Short-term analysisLooking at the WANBTC chart, it's hard to tell which direction we're going.
On one hand, the volume is falling and the MACD crossed a couple of days ago. (Bearish)
On the other hand, if u look at the bigger picture WAN is in an uptrend.
Also, if WAN can remain above the 50 EMA I would suggest that this is a normal correction after the 25-30% spike.
What do you guys think will happen?
Wanchain Challenging Resistance, Ready To Grow 40-80%Wanchain (WANBTC) just completed its retrace and is now starting to move up... As I write this, we can see a break of EMA50 (0.00002280) as well as a major trendline being broken... The trading volume is starting to go up.
So the chart is now bullish and we have bullish indicators... Wanchain (WANBTC) is bullish and going higher, here is our previous analysis:
All the targets are marked on the chart.
Remember this is not financial advice, you need to have a plan/strategy before you trade as charts are always changing.
Feel free to leave a comment in any of my trade ideas if you have any questions, I am happy to support/help, it is my pleasure.
This is Alan Masters.
Thanks a lot for reading.
Namaste.
Wanchain Breaking Out Of Downtrend, Potential Bullish SetupWanchain (WANBTC) just broke a major trendline from the peak hit in late August 2019.
In early Aug. 2019 WANBTC hit a new low and quickly move to produce a very strong bullish wave, prices stopped just at MA200.
A strong correction followed and prices are now consolidating before the next move. Since the downtrend line has been conquered and EMA10 is now below WANBTC, it is likely that this pair will go bullish soon.
The last low at 0.00001880 can be used as a stop-loss.
This is not financial advice. :)
Namaste.