Seems to be in accumulation phase, possibly looking to make a decision here at this moment. Would be interesting to follow and perhaps snap a nice trade.
Areas of interest have been highlighted.
What appeared to be an ascending triangle has formed itself into a bearish flag, which I expect to break to the downside, the next buyback level would be 0.00048 Satoshis. A confluent zone where the fib retracement matches with a support level.
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.
Wanchain may have 1 more wave to complete the 1-5 correction. This will re-test the major support/resistance line. Hopefully a bounce will follow. Not sure if the following bounce will be a B wave. I normally like to cross-reference a dollar chart but there is not one available.