WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – July 29
- The short and medium-term outlook is in the uptrend.
- Buying at pullback may be considered.
WAN/USD Medium-term Trend: Bullish
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.2000, $0.1500, $0.1000
WANUSD is in a bullish trend in the medium-term outlook. The upper supply area at $0.2800 of the range was broken with a lager engulfing candle on 25th July. The cryptocurrency surges up to $0.3357 in the supply area before losing momentum on 27th July.
The bears increased momentum led to a drop in price to $0.2678 in the demand area on 28th July. This was a retest of the broken supply area, a confirmation of bullish continuation with the coin up at $0.2922 above the two EMAs before the end of yesterday session.
The stochastic oscillator signal is pointing up at 49%, suggesting upward momentum in price with $0.3200 in the supply area as the initial target.
WAN/USD Short-term Trend: Bullish
The short-term outlook of the cryptocurrency is in the uptrend. The drop in price of the coin to $0.2715 in the demand area and the subsequent rally after today’s opening to $0.3061 produce the TEA-CUP structure.
Thus the rally is bound to continue to the tip of the cup at $0.3260 in the supply area the short-term.
Price is above the two EMAs and the stochastic oscillator signal is down at 64% suggesting minor pullback a price journey north.
Live Wanchain (WAN) Price:
1 WAN/USD =$1.4609 change ~ 0.57%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.