WAN ANALYSIS:
WAN is retracing back towards support inside of a falling wedge. WAN is sitting at a temporary support that has been expecting a bounce, but since broken below the 200MA. This signals a short term bearish trend that I expect to have a final leg down to hit closer to the green support box. I recommend to stagger long bids inside this zone. ATR is neutral at this time, while RSI sits just below neutral. Therefore indicators on the daily show I could go either way. If we do not see the drop today, its possible wan does break UP and OUT of the wedge towards T1 at 2602 sats. Following this T2 hits at 2814 sats and T3 at 3024 sats. If WAN does break out of there wedge before support is hit, we can open a new long on the breakout. Otherwise, wait for support and ideal entry.
Possible Entries: 2100-2275 sats
WAN is retracing back towards support inside of a falling wedge. WAN is sitting at a temporary support that has been expecting a bounce, but since broken below the 200MA. This signals a short term bearish trend that I expect to have a final leg down to hit closer to the green support box. I recommend to stagger long bids inside this zone. ATR is neutral at this time, while RSI sits just below neutral. Therefore indicators on the daily show I could go either way. If we do not see the drop today, its possible wan does break UP and OUT of the wedge towards T1 at 2602 sats. Following this T2 hits at 2814 sats and T3 at 3024 sats. If WAN does break out of there wedge before support is hit, we can open a new long on the breakout. Otherwise, wait for support and ideal entry.
Possible Entries: 2100-2275 sats