varos

WAN Break Out and Retest

Long
varos Updated   
BINANCE:WANBTC   Wanchain / Bitcoin
Pretty solid break out from the long down trend and previous resistance retest. Looking for a solid jump up before and after April 16, Wanchain is planning to announce big news at the World Blockchain Forum in Dubai.

Volume is pretty low at the moment and strategy might simply not work out, watching order book carefully.

Stay tuned!
Comment:
WAN is Setting up for the next run up!

Target: 0.00054
Stop Loss: 0.000459
Comment:
Sellers capitulates on Bincance and we can see a slow growth in number of buying orders.
24 hours volume bounced from around 510 BTC and now moving forward with tiny steps passing 600 BTC.

Maybe the market prepares for the Tokyo conference on April 6 and Dubai on April 16, where some positive announcement from Wanchain team are going to be made.

Anyways, everything above gives a hope for the next bull run.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.