WANCHAIN Price Prediction Today: Daily (WAN) Value Forecast – June 17
- The medium-term outlook is in a range-bound market while the short-term is in an uptrend.
- Traders may consider buying at the pullback in the short-term.
WAN/USD Medium-term Trend: Ranging
Supply zone: $0.7000, $0.8000, $0.9000
Demand zone: $0.3000, $0.2000, $0.1000
WANUSD continues in a range-bound market in the medium-term outlook. The bears' pressure was strong over the weekend with a push to $0.4238 in the demand area on 16th June. The bulls gradual return was signaled by the bullish spinning top formed as market close yesterday.
The bulls pressure was stronger as the market opens today at $0.4340. WANUSD rose initially to $0.4600 and later to $0.4680 above the two EMA. The stochastic oscillator signal points up at 56% suggesting upward momentum in price within the range.
WANUSD is in consolidation and trading between $0.5000 in the upper supply area and at $0.4200 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
WAN/USD Short-term Trend: Bullish
The short-term outlook of the cryptocurrency is a bullish trend. The bulls presence was signaled before the end of yesterday season with the bullish tweezer bottom.
The cryptocurrency was up at $0.4484 shortly after today’s opening. The breakout at the EMAs crossover confirmed the uptrend with price up at $0.4648 in the supply area.
A minor pullback may occur to the 50-EMA before the uptrend continuation. $0.5000 in the supply area may be retested in the short-term.
Live Wanchain (WAN) Price:
1 WAN/USD =$0.8307 change ~ 0.90%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.