First of all, why Wanchain and Icon? It's really simple: I believe that these two particular projects will see massive gains is the next bull run. A few stats:
ICON (ICX):
- $13.16 - All Time High
- Since all time high: -97.51 % (!!!!)
- 100$ invested today will be 4000$ when ICX returns to 13$ (3839%)
- Check it out yourself - (athcoinindex.com)
WANCHAIN (WAN):
- $ 9.84 - All time high (Keep in mind that WAN didn't catch the bull-run from December/January 2018. It reached the market only in March)
- Since all time high: -95.83 % (!!!!)
- 100$ invested today will be 2400$ when it reaches 9.8$ again (2233%), BUT I'm absolutely certain it will go much higher!
- Check it out yourself
The money I invested in these two projects was divided 60-40 (closer to 70-30) for Wanchain, due to a a lower Market Cap and a lower total supply, therefore a higher gain potential.
WANCHAIN/USD Daily
Wanchain is having a correction after the nice price spike from a few days ago. We had a bearish divergence on the RSI and perhaps a bearish MACD cross is also going to happen. Right now we're at the 0.618 Fibonacci retracement and a further pullback towards the 0.5 is possible. However, the red Ichimoku Cloud has reduced a lot. Notice that this cloud is above us for almost a year now.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
WAN/BTC Daily
Same bearish RSI divergence on the /BTC chart too, but here the resistance - cloud has already closed.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
WAN Moving Averages (USD)
From this point of view, it's obvious that we're far too high from the Moving Averages. A bullish 55 day (blue) and 100 day (red) MA cross could seems to happen in the near future. If the downtrend continues, there's a chance to retrace back to the previous resistance (dotted line) and find support here.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
ICON/USD Daily
Similar to the Wanchain chart, but not quite the same. The bearish MACD cross is happening right now and the Ichimoku resistance - cloud has almost closed. A further pullback could bring us to the 0.618 Fibonacci retracement, or even the 0.5 one (at ~0.29c).
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
ICX/BTC
The only chart where the a bullish Ichimoku cloud is forming. However, there's a bearish MACD cross and a bearish "M" histogram, which increase the chances of a further pullback.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
ICX Moving Averages (USD)
A bullish 55 - 100 MA cross already happened here, which is quite a bullish sign considering the fact that the 55 was under the 100 since June 24, 2018. I'm waiting for the 21 day MA (yellow) to see if it'll carry us. Also, a good increase in Volume occurred.
Ctrl + Click here to enlarge the image in a new tab (steemitimages)
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