Wanchain (WANBTC) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Wanchain began a wave one advance on August 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 1, and the red wave two (blue sub-waves a-b-c) correction ended September 12. If this wave count is correct, Wanchain should be heading next towards the September 1 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Wanchain is a distributed financial infrastructure that seamlessly connects blockchain networks together. Crypto Bros reviewed the project last month.
(Sources: https://wanchain.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will takeout the September 1 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will drop below the August 14 low".
If you think Wanchain is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Wanchain will stay in a trading range between the August 14 low and the September 1 peak until October 21".
(Chart courtesy of Tradingview.com (log scale))
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