WAN/BTC is about to go down and here is why:
We have the A move to the 0.786 fib level and the price was rejected really fast. As you can see on the chart, the price touched the 0.618 golden ratio and the price went back down.
When the price hit the 0.786 fib level, I was interested at first, but then,I have seen that the price is below MA100 and I have changed my mind.
Why I have changed my mind? That's easy!
First MA100 was acting like a strong support and people were interested on buying that level. Second, I have spotted and ABC correction that might be in play and I let it go!
This being said, I hope you enjoyed this idea! Keep trading, stay safe and use stop loss!
If you appreciate this idea, give it a like or share your thoughts on the comment section!
We have the A move to the 0.786 fib level and the price was rejected really fast. As you can see on the chart, the price touched the 0.618 golden ratio and the price went back down.
When the price hit the 0.786 fib level, I was interested at first, but then,I have seen that the price is below MA100 and I have changed my mind.
Why I have changed my mind? That's easy!
First MA100 was acting like a strong support and people were interested on buying that level. Second, I have spotted and ABC correction that might be in play and I let it go!
This being said, I hope you enjoyed this idea! Keep trading, stay safe and use stop loss!
If you appreciate this idea, give it a like or share your thoughts on the comment section!
Trade closed: target reached:
After another look at the WAN/BTC chart, I think we might hit our target! We were close, but close is more than enough!
Trade closed: target reached
