Wanchain (WAN) aims to build a 'super financial market' by connecting distinct digital assets. Its key features are cross-chain interoperability, privacy, and smart contract functionality. In my opinion, Wanchain is about to make another move up, and this time it might be even bigger!
Let's take a look at this chart:
As you can see on the chart the price went down perfectly after a breakout of the channel! ( AB=CD ). After finding a strong support around 739 sats( you can see that it was tested 4 times, but, it was not broken) the price went up and breakout of triangle!
In my opinion there is a 12345 elliot wave in play and now we are moving to the 3rd wave! In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to “get in on a pullback” will likely miss the boat.
Right now, the 200 MA is tested and a breakout above it will confirm my trading idea. Lets' see how this goes, and I will keep you updated!
The Wanchain staking pilot from April 3 - July 3. A minimum of 4 Million WAN will be locked for the pilot.
Check here for more events: WANCHAIN EVENTS
Disclaimer : My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget, it's all about positive thinking and patience!
Remember, you should always use a stop loss!
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