TheCryptoUpdates
Price Analysis

Daily Price Analysis for Wanchain (WAN) – September 18, 2018

Daily Price Analysis for Wanchain (WAN)

Supply zones: $1.01, $1.14, $1.31
Demand zones: $0.93, $0.86, $0.76

WAN/USD Medium-term Trend: Bearish

WAN could not break out the supply zone of $1.01 as the price was pushed down with the
formation of bearish pin bar at the supply zone of $1.01. The bullish pressure was lost and the
bears took over the market; this was confirmed by the formation of a bearish hammer bar at
yesterday’s demand zone of $0.93. The price was able to break out of this zone downside of
supply zone of $0.93 and touched the demand zone of $0.86.The price may be rejected at this
demand zone as bullish candle are forming.

Daily Price Analysis for Wanchain (WAN) - September 18, 2018
The 10-day EMA has crossed the 50-day EMA downward. The price is below the 10-day EMA
and 50-day EMA with the stochastic oscillator 14 below 20 levels (oversold area) and it signal
lines points upward, thus signaling an upward movement.
A breakout of the price at the demand zone of $0.86 would expose the price to lower demand
zone of $0.76. However, the 4-hour opening candle formed today at the demand zone of $0.86
was a bullish engulfing candle which connotes uptrend movement.

WAN/USD Short-term Trend: Bearish

WAN is bearish in the short-term outlook. The coin made a downward movement towards the
yesterday’s demand zone of $0.93 with the formation of massive bearish candles after a rejection
from the supply zone of $1.01 with the formation of bearish inside bar candle. The price broke
the yesterday’s demand zone of $0.93 and rally to the south.

Daily Price Analysis for Wanchain (WAN) - September 18, 2018
Currently, the Price is at the demand zone of $0.86 with the probability of rejection and the price
reverse to a bullish movement as the price is on the 10-day EMA with the stochastic 14 above
the 20 regions with signal lines pointing toward the north.

Related Articles

Daily Price Analysis for Wanchain (WAN) – September 17, 2018

Azeez Mustapha

📈 TRON (TRX) Price Analysis | Daily Price Analysis | October 16, 2018

Neha Pahuja (Staff Writer)

Ripple (XRP) Price Analysis | Daily Price Analysis | October 22, 2018

Neha Pahuja (Staff Writer)