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Wanchain

Wanchain Looking Better v Bitcoin, Bullish Altcoin Market SignalWe saw Bitcoin (BTCUSD) moving from $11,500 all the way down to $9,450 in a matter of days... When Bitcoin grows, altcoins drop. When Bitcoin drops, altcoins drop... That is something we see and hear quite often and it tends to be true, on bear cycles. But it isn't true in this case... Now, here is the signal. BTCUSD had this huge drop the past few days yet WANBTC (and other altcoins) remained strong, look at the chart above, basically zero retraces for Wanchain the past three days. I've been looking at the charts for the altcoins (all altcoins minus the top 10) and they have similar setups. We see the huge drop for Bitcoin, which always means a huge drop for the entire cryptocurrency market but instead, these alts (ALT/BTC pairs) remained the same. Wanchain (WANBTC) is now consolidating after printing bullish divergence on the MACD and RSI. After it breaks and closes above 218 satoshis (0.0000218), it can easily move higher to test EMA50 (0.0000284) and higher. Here you can see QuarkChain (QKCBTC) in a similar situation: Thanks a lot for reading and your continued support. Namaste.
Long
by AlanSantana
3
Wanchain Starts Gaining Momentum (Over 50% Profits Short-term)Recently we looked at Wanchain (WANBTC) on Binance. We saw a chart in a consolidation phase getting ready for a strong impulse move, you can find this chart at the bottom of this post. Now, Wanchain is gaining momentum, you can tell by looking at the big green volume bar on the lower end of the chart. This huge volume supports a break above two major resistance levels marked with Exponential Moving Average lines (EMAs). Those are EMA50 and EMA100. With a close above this level, WANBTC is very likely to test EMA200 and EMA300 next. These resistance levels are marked on the chart above with an Orange and bold Gray lines. Of course, we are expecting for Wanchain to go even higher... This is a short-term analysis. Check the chart below for the longer-term version. Previous analysis | Wanchain Looking Better v Bitcoin, Bullish Altcoin Market Signal Thanks a lot for reading. Namaste.
Long
by AlanSantana
11
WAN/BTC - Quietly Bullish (Relief or Reversal?)It's no secret that Wanchain was hit hard during the 2018 bear market. Aside from periods of relief (March - April, May - June, July), it has continued to slide lower and lower into oblivion. According to Coinmarketcap, Wanchain is down -94.3% from its dizzying highs in May 2018. They say "buy when there's blood in the streets" which sounds great until you're tasked with actually putting your money into an idea when no one is interested. Is this once-hyped >$900M market cap project worth considering? Let's see... Reasons for the trade: Technicals are positive - OBV and Histogram divergences are currently working. Clearer high timeframe structure would be the icing on the cake. High volume breakout with higher lows forming on the 4hr chart Upcoming fundamental news (PoS validator nodes launching on August 20th, up to 16% return annually , mainnet staking in September) VPVR gaps above look like Swiss cheese. If enough buyers step in, it may rise as quickly as it fell. The POC is roughly 4x current price. Large caps (LTC, EOS, ADA, BCH) posted up to double digit gains over the weekend. Will this strength flow into the medium-cap Binance alts?
Long
by AndyTheKing
2
WANCHAIN : Upto 40% Profits Opportunity For The Short Term#Accumulation_Recomendation Pair : #WAN / #BTC Platform : #Binance RSI : 50 Volume : Seems to be in a good pace by the last 1 hour but needs to further get some more energy. **Note : Falling wedge formed already and broke out by the current candle stick. It might go further go down a little bit upto 4550 sats and most probably will be in reversal trend if the current candle ends in a bullish way. RSI and MACD on favor of the bulls and EMA showing a good formation for the bullish trend formation in the short run. In addition to this the Mainnet Upgrade which will be happening today will be a good fundamental news for WAN to show a good uptrend moves. Accumulation Area : 4550 sats - 4650 sats Distribution Targets Target 1 : 4860 sats Target 2 : 5130 sats Target 3 : 5350 sats Target 4 : 5570 sats Target 5 : 5880 sats Target 6 : 6270 sats Stop Loss : 4200 sats Risk : High Capital Allocation : 4% TogetherWeAccumulate
Long
by cryptotalk_et
Wan(BTC) 5 waves to 750 then 215 ?Wan has shown nothing but negatives here I thought last week we could bounce. But now we are still on a down 5 on a 3 of that count.IMO if our 3 is a 1.618. 3s are not always to that extension but, if this holds here 700 could be very well in our future or this wave could be a deeper extension if it is this wave could is invalid as we would go negatives. longterm 215 keeps showing up in any chart I try to chart wan though so the final target comes up once again.
Long
by Mr_Dyor