- WANUSD brokeout above the inverse head and shoulders neckline resistance.
- Price hit a swing high and retraced.
- Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this retest zone (High buying pressure).
On the Hourly I see Wanchain forming an ascending triangle pattern, we have also retraced to the 0.618 gib level, the golden ration,combining this with the fact we have become oversold on the daily I believe we could see a breakout soon. using fibbonacci and support and resistance I have mapped out some sell areas where, if we see a breakout, the trend could...
WAN letting bears get traction, momentum will carry them through ST but'll inevitably kick the bulls into gear. A great time to add $WAN the swag bag.
Wanchain is most certainly a long term hold especially being recently listed on Huobi Pro exchange. Nows your chance.