WANUSD trade ideas
Wanchain (WAN) 10/2018Short description:
Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy.
Abstract
Digital currency, represented by Bitcoin and Ethereum, is blazing through traditional financial systems with the force of a prairie fire. Although blockchain technology is still in the initial stages of development, its transparent mechanisms and open concepts show tremendous vitality. Wanchain seeks to link the present to the future, through the exploration and implementation of blockchain technology. Wanchain aims to build a distributed “bank”. Just as traditional banks are the infrastructure of the current financial framework, Wanchain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework - an ambitious goal indeed. Wanchain connects and exchanges value between different blockchain ledgers in a distributed manner. It uses the latest cryptographic theories to build a non-proprietary cross-chain protocol and a distributed ledger that records both cross-chain and intra-chain transactions. Any blockchain network, whether a public, private or consortium chain, can integrate with Wanchain to establish connections between different ledgers and perform low cost inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. With Wanchain, any institution or individual can set up their own virtual teller window in the “bank” and provide services such as loan origination, asset exchanges, credit payments and transaction settlements based on digital assets. Under the guarantee of “banks” based on the blockchain infrastructure, more people can participate in financial services based on digital assets. To describe it more accurately, Wanchain is a distributed super-financial market based on blockchain.
Link to Roadmap: wanchain.org
Wanchain additional differentiation against competition:
The problem today and of tomorrow is interlinked to the fact that exchanges and wallets are mostly operated in a centralized way. Value exchanged between different digital assets with a distributed approach will be a long-term goal in the blockchain and digital economy, just as traditional banks are important in the current economic system. Wanchain is one of the solutions in keeping costs down, interlinking blockchains (this will not only be limited to the Ethereum and Bitcoin blockchains) and helping the unbanked (adults without access to banks backed by financial institutions either due to the nature of opening a bank account or the high costs involved). Wanchain helps others running their own wallets, ledgers and smart contracts through the Wanchain platform.
Wanchain categories:
Privacy, Smart contracts
Wanchain events & roadmap
31 December 2018 (or earlier)
Wanchain 3.0 - Integration with Bitcoin, Multi-Coin Wallet.
31 December 2018 (or earlier)
WAN Cross-Swap Feature
31 December 2018 (or earlier)
Wanchain 4.0 Release
Buy Around $1.05/$0.98
Targets
$1.10
$1.15
$1.25
MID
$1.35
1.50
Long
$1.75
$1.90
$2.00
HOLD
Stop_loss:
Close Daily below $0.9
Risk/Reward
10% / Hold
Max Invest:3%
we ask Allah reconcile and repay
WANUSD ascending triangleWanchain is close to break out of the ascending triangle, making around 1.2 dollars the target.
WAN made a big inverse H&S, btc and alts confirm it WAN has made a big inverse H&S now with a target of around 50/60% higher. The neckline almost breaks already, volume has been very good the past week as well, looks like accumulation as well. Together with my view of Bitcoin, could be we can see a small/big alt season again, something we have nog seen for months now.
Target of this IH&S is around 2.2, that is a resistance level as well, so it could just push through as well, depends of course on the rest of the market.
WAN consolidatingObservations:
* Noticing how Chikou is also a good indicator of past SR levels (along w/ flat levels in the Kumo)
* Would be great to know how to test for a breakthrough or false breakout (rejection)
* Price has a strong signal when Tenkan makes a sharp right turn through the EMA cloud. Tends to be a bullish continuation in price action.
* Vice-versa if Kijun does it instead—price is weak. Tends to be bearish (short term), as price would most likely go get support from Kijun.
* Kijun tends to resets to the bottom or right-side of the EMA cloud when its a bullish trend; vice-versa
Still new to Ichi, please have patiences and understanding. Feel free to chime in with constructive feedback is something is off. Thanks
Wanchain Best Buy alt : bullish divergence TA : William Simin (crypto moon)
Telgram channel : @CMOON
Why wanchian is one of the Best Buy alt right now
1 : Strong bullish divergences on RSI , Stoch , MACD and histogram
2: falling wedge could tak price easily to 3.60
2:tripple bottom ( wan found strong support around this area )
I’m bullish
Let see how it plays out
Wanchain ! Bullish divergence Best Buy alt Strong bullish divergences on RSI , Stoch , MACD and histogram
Tripple bottom
Falling wedge
Idea for WanchainLooks like this might be a great opportunity to buy at this level, seems like we are close to a big break up or down
Wanmoon?After a heavy retrace it looks like wanchain has found support and whales are accumulating in this choppy area.
On the RSi and OBV there is strong bullish divergence wich indicates buying pressure.
The party is gonna start soon!
WANUSDLooking at the EMA (50), there seeme to be a balance that is, there is no uptrend or downtrend at the moment. But the BB shows that the bars have met up with the lower band which should soon create a retractment leading to an uptrend. The RSI also indicate a soon uptrend if the line touches the lower band The Target Price is placed above the 78% Fib level, which is ambitious, above the Resistance. Stop Loss is placed below the Support.
Why Wanchain is one of the best buys now and alts in general Hello people,
Good day. BTC breakout upwards, fine. Altcoins seemingly bouncing after capitulation, grazi grazi.
As already explained in the BTC post on TradingView, I'm assuming that the G20 event is going to trigger another run on the fields for the altcoins and the whole crypto market. Why? We've seen a huge run up with the futures earlier (BTC 20k). The scenario is called: buy the rumour, sell the news. Currently we see a huge dump going in to a significant big event for the market (and a small dump after): sell the rumor, buy the news.
Also, Wanchain is one of the most depressing holds I've seen lately, so I'd say: that's a buy and I'd like to describe why I feel that way. And released some good news yesterday.
TA point of view: falling wedge principle, sideways movements and potential bottom is found here.
Indicators:
WAN/USD:
1 Day: Strong bullish divergences on RSI, Stoch, MACD and histogram.
2 Days: Very strong on the 2 days as well.
3 Days: Same on the Stoch and RSI. MACD and Histo doesn't have that much data yet.
4 Days: Even on this timeframe on Stoch and RSI.
5 Days: Also on Stoch.
1 Week: Not much data to conclude something here.
WAN/BTC:
1 Day, 2 Day and 3 Days on WAN/BTC are the same with the bullish divergences and a capitulation wick downwards.
1 Week: Not much data to conclude something here.
Concluding for here I'm assuming that the whole market will experience upwards momentum as both the USD and BTC pair are screaming for a buy.
First target for me: $3,70 zone. Normally then small retrace and afterwards to $5, but have to see in a few weeks and then I'll update.
next leg up for wan?after predicting that cup and handle 3 days before it happened, there is a strong chance this may play out as well. ill keep you posted
3 unrelated reasons for a tradeIt's week 6 of my Level 1 class taught by Brian Beamish.
We did Fibs last week. This week is candlesticks.
