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%

Coin Market Cap

$246.93 Million

24 Hour Volume

$11.98 Million

24 Hour VWAP

$2

24 Hour Change

$0.01

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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