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.

Comment:

+26% growth within 6 hours...
Enjoy the profits.

Comment:

So far:

TARGET

(1) 0.0000242 -Reached 21-Aug. (+11%)
(2) 0.0000282 -Reached 21-Aug. (+30%)
(3) 0.0000302 -Reached 23-Aug. (+39%)
(4) 0.0000342 -Reached 23-Aug. (+58%)

Trade closed: target reached:

Target reached.

Check the trade idea below for additional targets:

Comment:

TARGET

(1) 0.0000242 -Reached 21-Aug. (+11%)
(2) 0.0000282 -Reached 21-Aug. (+30%)
(3) 0.0000302 -Reached 23-Aug. (+39%)
(4) 0.0000342 -Reached 23-Aug. (+58%)
(5) 0.0000372 -Reached 23-Aug. (+71%)
(6) 0.0000392 -Reached 23-Aug. (+81%)
(*) 0.0000414 -Reached 23-Aug. (+91%)

Comment:

Just as these altcoins can crash hard... They can also move up.

Lots of room left for growth:

Comment:

Going again...