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.

The 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.

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.