Wanchain (WAN) Overview
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. Wanchain connects and facilitates the transfer of value between different blockchains in a distributed fashion. Public or private blockchains can integrate with Wanchain to establish connections between different ledgers and perform inter-ledger asset transfers. The Wanchain ledger supports not only smart contracts, but also token exchange privacy protection. Use cases of the Wanchain include asset transfers, loan origination, and credit payments. Wanchain is part of the Enterprise Ethereum Alliance (EEA) and Blockchain Interoperability Alliance (BIA). The latter comprises ICON, Aion, and Wanchain and has the shared goal of promoting interconnectivity between isolated blockchain networks.
Wanchain (WANBTC) Chart Signals & Analysis
Let's take a look at Wanchain here daily (D) and long-term weekly (W), let's see what we have.
Here is the weekly chart | WANBTC (W)
The divergence is present with the MACD since May 2019 and since July 2019 on the RSI.
Let's take a closer look below, MACD:
Now the RSI:
Let's take a closer look so we can spot our entry... Wanchain Daily Timeframe:
With many altcoins now strongly bullish printing great reversals once they reach new lows, Wanchain can also follow the same trend.
Finally, we have the zoomed out chart with all our mid-term targets as well as potential profits for this trade:
Now, let's trade!
Wanchain (WANBTC) Trade Numbers
Buy-in: 0.00001600 - 0.00001950
Next support: 0.00001300 - 0.00001550
1) 0.00002150 |Hit 26-May (+19%)
2) 0.00002550 |Hit 12-June (+42%)
3) 0.00003200 |Hit 24-July (+78%)
4) 0.00004250 |Hit 21-Aug. (+136%)
5) 0.00004950 |Hit 1-Sept. (+175%)
Potential profits: 1013%
(Price at writing 0.00001800)
Stop-loss: Close weekly (W) below 0.00001200
Capital allocation: <15%.
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