Good night steemians.
Tonight we analyze WANCHAIN, at the moment it has a usd value of 6.76, at the moment it is on a new alciasta trend line, so let's analyze to see if we can get some profit.
When we see the 4 hour chart, we see that it bounced on a support to the 6887 stoshis.
By looking at the indicators the stochastic is overbought and the rsi is at an intermediate level, an interesting option would be to wait for the trend line to be tested and for the sthocastic and rsi to be below 30 or at intermediate levels.
In the 1 hour chart we observed that the stochastic is overbought and the rsi too, you can enter into a quick purchase and leave with a 2 or 3% gain, or wait for a better signal of the indicators.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
