WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – July 15
- The short and medium-term outlook is in the downtrend.
- Responsible selling at key areas may be considered.
WAN/USD Medium-term Trend: Bearish
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.2000, $0.1500, $0.1000
WANUSD is in a downtrend market in the medium-term outlook. $0.3200 in the lower demand area was broken and subsequently retested on 12th July a confirmation of bearish continuation in the medium-term. WANUSD plunges further down to $0.2623 in the demand area as the low of yesterday trading session.
$0.2660 was today 4-hour opening price, with the coin already down at $0.2394 in the demand area but the candle closed with a wick denoting exhaustion. Price rose to $0.3200 as correction of the impulsive downward movement.
Price is below the two EMAs with the signal of the stochastic oscillator parallel at 28% suggesting a brief consolidation before the bears stage a return for continuation in the medium-term.
WAN/USD Short-term Trend: Bearish
The short-term outlook of the cryptocurrency is in a downtrend. The bearish spinning top that opened today market at $0.2770 signaled the bears' resumption of the downtrend. WANUSD fell to $0.2394 in the demand area as the bulls returned.
The retracement got the coin up at $0.2681 the 38.2 fib area which is a trend continuation zone as the coin drops to $0.3200 in the demand area.
The stochastic oscillator signal pointing up at 14%, it suggesting an upward price movement up to the 38.2 fibs to form the double top formation, a structure that favour the bears. $0.2300 in the demand area as a key target in the short-term.
Live Wanchain (WAN) Price:
1 WAN/USD =$2.2848 change ~ 6.51%
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