I moved into WAN yesterday and have been waiting for a little breakout.
It looks to be forming a cup and handle on the 4hr and on the 1hr we have a nice little break above the EMA's.
I'm expecting more volume to pick up this evening.
Those 2 resistance points are my target profit zones.
WAN is probably the best buy in the crypto market right now. Wan has the potential of having a over a 7 billion dollar market cap. It is also acting as an incubator and will have ico's coming out under the WAN platform. Also, Wan is only listed on binance at the moment. I can see this getting listed on upbit, and many other major korean and asian exchanges. ...
[ BINANCE:WANBTC
Wan has pumped and consolidated nicely twice in a row now. Looking for continued consolidation until it breaks the trend lines. Potential short term swings until then, but ultimately Wan (And many other alts) will be dependent on BTC movement. Keep an eye on btc and look for volume spikes to indicate Wan Short term pump.
BINANCE:WANBTC Price finding support bouncing on it a few times at the bottom of the cloud, RSI also finding support, SRSI bottoming put. Expecting strong bounce up through support trend line.
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!
I rarely analyze or daytrade short timeframes, especially for a coin that has been traded for less than 48h in an illiquid market.
While hoping yo catch WAN at a much lower price, short-term I will be watching this movement.
In my opinion WANCHAIN will be one of the best performing coins in 2018-19. Expecting it to enter the top 10 market cap list fairly soon.
Wanchain 1.0 is the first smart contract platform with private transactions (ring signatures) live on mainnet.
- Wanchain announces ICOs in April
- A major exchange lists WAN
- BTC breaks upwards out of the triangle
- Wanchain 2.0 release in late June will include a multi-currency wallet to support cross-chain transactions with ETH and ERC20 tokens
This...
NOTE: I PULLED OUT THE CRYSTAL BALL ON THIS(I prefer to use a btc/eth pair but due to limited data i made a temporary exception)
BINANCE:ICXUSD is at its previous bottom where it seen a nice bounce last time but stayed within the downtrend channel. I have been placing buy orders within the green bar, use your own judgment on stoploss. Limited trading data on...
