WANBTC | Analysis

15 มิ.ย. 2020

• WANBTC recently flipped the 2282 sat resistance to support, overcoming the 200 Day MA.
  
• It was rejected from the support quite strongly, indicating good demand at the support.
  
• Now WANBTC will progress higher to the next resistance which is 2927 Sats (22%)
  
• Overcoming that resistance, our overhead resistance is cleared till our first take profit region TP1 (50%)
  
• On reaching TP1, i'm expecting the price action to consolidate / Pullback a bit to form a proper support on a higher high basis.
  
• I will update more regarding the possibility of reaching our TP2 and TP3 based on the underlying market sentiment at that time.
  
  

Hope you liked my analysis on WanChain/Bitcoin. Please leave a like and follow for more charts :)

Thank you!