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.
Comentarios
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+26% growth within 6 hours... [B]Enjoy the profits.
We buy before the breakout to make it easier for us and more profitable.
Namaste.
AnthonyManuelDosSantos
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All good mate bought back in and got the same coins. I never know when to sell or to buy lol I think now I am going to hold on unless btc starts to going up I might sell with a stop loss. But I think btc is going to go down for a while.
AnthonyManuelDosSantos
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Sold at 492 sats but now stressing I wanna keep this coin long term but would like to build more coins but it doesn't stop probably I stuff up big time?
AlanSantana
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@AnthonyManuelDosSantos, You can buy back on a retrace, enter a new trade or just be grateful for your profits and move on.