WAN - Bullish - 100 day MA on daily breached

30 Okt 2018

Hello!

I have been monitoring WAN for a bit, and it has finally crossed over the 100 day moving average on the daily chart.

It is working on taking out the overhead resistance formed by the double top back in August. The 50 fib formed from the august top to the sep 12th bottom is also a level of resistance that we need to gain support from @ 1708 sats.

I believe that the .618 fib from our most recent run up @ 1529 sats will act as strong support if the RSI needs to take a breather.

I think that it would be wise to pick up any dips in WAN at this current time because it looks primed to finally break out and make a run.

Thanks!

30 Okt 2018

Catatan

So, we are getting some mixed signals on WAN. We have a bearish divergence forming on the 4 hour RSI now. I am not sure if this will cause us to drop or not. We did break up and over the downtrend line from the double bottom in August. This 4 hour candle as not closed yet, but currently it looks like a shooting star. Really hard saying what will happen here. Just keep an eye on it.