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Crypto28

WANBTC Double Top/RSI and MACD Divergence/Lower Volume

Short
Wanchain / Bitcoin (BINANCE:WANBTC)  
Crypto28 Updated   
BINANCE:WANBTC   Wanchain / Bitcoin
Support and Resistance Double Top or Bottom Volume
1
0
supportandresistance doubletoporbottom volumestudies
WANBTC formed double top formation with bearish RSI and MACD divergence. Volume is also getting lower and lower, there is simply no buying pressure anymore. Targets are blue lines.
Trade active:
First target has been reached in just 30 minutes. Trade is active.
Trade active:
Target 2 has been reached.

snapshot
Trade active:
WANBTC has reached 3. target and almost touched the final target with that negative momentum but bounced back with a decent volume for now. Below in the image you can see how my targets and MA50(purple line) behaved like support and resistance during the price movements.

snapshot
Trade closed: target reached:
All targets have been reached. If WAN breaks down through the last target, I am expecting it to reach 0.00013 area. That might be a good buy opportunity for the future.
Comment:
Really low buy volume, strong sell pressure on this coin. I am expecting it to reach 0.0001, beware and trade carefully.
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