WANBTC 1 hour chart will we see a rise of WANCHAIN?
Well to start off,
All my recent TA ideas where looking really good, UNTIL the BTC fall and everything else fell or rose, or fell again.
I just didn't have a clue what was happening anymore, why, when or how. Beginner's lack of knowledge some would say. I would like to say "hey, it's bitcoin and crypto currency, what do you expect?"
Well anyways, this market is still very volatile, very young, and very amusing. Also, very interesting and with the right kind of knowledge, patience and TA's you can make both short and long term profits.
I'm in for the long term. So here goes.
WAN is one of many traders favourite, besides obviously being one of the strong runners for number one position when it comes to cross-link digital infrastructure. Check their site out for more interesting info if you haven't done it already (before buying some WANCHAIN).
wanchain.org
So WAN had a good run in April, like all the other coins maybe. It was a bit overvalued by then but now it's perfect timing to buy. I bought more shares at 7800sat.
Getting really close to a nice big ascending triangle, it's dancing around the 0,236 fib line and if it breaks free and through this line I think we can see it go way beyond 8500 very shortly.
Interestingly the volumes has gone down to almost nothing, so I am basically just waiting for the action to begin anytime soon.
RSI still below 40 but moving closer and closer to it.
MACD still in a downtrend but I can see a small upward line shaping, or maybe I am imagining.
What do you all think? Cheers and good luck.
All my recent TA ideas where looking really good, UNTIL the BTC fall and everything else fell or rose, or fell again.
I just didn't have a clue what was happening anymore, why, when or how. Beginner's lack of knowledge some would say. I would like to say "hey, it's bitcoin and crypto currency, what do you expect?"
Well anyways, this market is still very volatile, very young, and very amusing. Also, very interesting and with the right kind of knowledge, patience and TA's you can make both short and long term profits.
I'm in for the long term. So here goes.
WAN is one of many traders favourite, besides obviously being one of the strong runners for number one position when it comes to cross-link digital infrastructure. Check their site out for more interesting info if you haven't done it already (before buying some WANCHAIN).
wanchain.org
So WAN had a good run in April, like all the other coins maybe. It was a bit overvalued by then but now it's perfect timing to buy. I bought more shares at 7800sat.
Getting really close to a nice big ascending triangle, it's dancing around the 0,236 fib line and if it breaks free and through this line I think we can see it go way beyond 8500 very shortly.
Interestingly the volumes has gone down to almost nothing, so I am basically just waiting for the action to begin anytime soon.
RSI still below 40 but moving closer and closer to it.
MACD still in a downtrend but I can see a small upward line shaping, or maybe I am imagining.
What do you all think? Cheers and good luck.
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