Wanchain Breaking Out Of Downtrend, Potential Bullish Setup
Wanchain (WANBTC) just broke a major trendline from the peak hit in late August 2019.
In early Aug. 2019 WANBTC hit a new low and quickly move to produce a very strong bullish wave, prices stopped just at MA200.
A strong correction followed and prices are now consolidating before the next move. Since the downtrend line has been conquered and EMA10 is now below WANBTC, it is likely that this pair will go bullish soon.
The last low at 0.00001880 can be used as a stop-loss.
This is not financial advice. :)
Namaste.
In early Aug. 2019 WANBTC hit a new low and quickly move to produce a very strong bullish wave, prices stopped just at MA200.
A strong correction followed and prices are now consolidating before the next move. Since the downtrend line has been conquered and EMA10 is now below WANBTC, it is likely that this pair will go bullish soon.
The last low at 0.00001880 can be used as a stop-loss.
This is not financial advice. :)
Namaste.
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