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Price Analysis

Daily Price Analysis for Wanchain (WAN) – September 14, 2018

Daily Price Analysis for Wanchain (WAN)

Supply zones: $0.97, $1.08, $1.38
Demand zones: $0.74, $0.63, $0.501

WAN/USD Medium-term Trend: Ranging

WAN/USD continues the bearish trend in its medium-term outlook. The strong bearish pressure
was lost after a drop in the price of the coin to demand zone of $0.74.

Price Analysis for WanchainThe bulls returned were confirmed by the formation of bullish pin bar at $0.74 and price was up
to the supply zone of $0.97 before the end of the trading session yesterday. The 4-hour opening
candle at $0.97 was a doji candle and it started consolidating within the resistance level of $0.97
and support level of $0.74.

Price is between the 10-day EMA and 50-day EMA with the stochastic oscillator at over 70 level
and it signal lines points down, thus signaling a downward movement in the cryptocurrency price
within the range.
WAN/USD is ranging and trading between the upper supply area of $0.97 and the lower demand
area of $0.74. A breakout at the upper area or breakdown at the lower area is imminent therefore
traders should be patient and wait before taking a trade.

WAN/USD Short-term Trend: Ranging

The cryptocurrency enters consolidation in its short-term outlook. After a bearish run to demand
zone of $0.74, rejection to the upward movement was seen with the formation of a bullish
hammer candle as the bulls made a gradual return.Price was up to supply zone of $0.97 earlier today as the bull sustained the momentum within the range. Price is above the two EMAs crossover with stochastic at the 40 regions as the coin consolidates.

Price Analysis for Wanchain
WAN/USD is ranging and trading between the upper supply area of $0.97 and the lower demand
area of $0.74. Patience is the key at this period for a breakout at the upper area or breakdown at
the lower area to occur before taking a position.

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