WANCHAIN was a highly anticipated project back in the last bull run of 2017. Since then the project has been very active in the crypto space with new updates and partnerships. On April 15th, the Wanchain Mainnet underwent a hardfork dubbed “Jupiter”. This hardfork makes Wanchain fully compatible with Ethereum. This paves the way for the launch of Wanchain’s highly...
- 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).
weekly rejection of the 78.6 level highlighted in the eclipse
would be great to get a pull back to the bearish fib level of 50% which ties in with the 38.2 level on the bullish fib to add further long positions to $1 and beyond.