RSI has been showing Bearish Divergence and is more noticeable on the 30 minute chart.
That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you 100% believe in the project like I do. It just means we can accumulate more.
However, due to the popularity of the project there is always the possibility that it may defy the technicals and continue higher.
This chart plays out to May 1st which is only a few days away.
Let's see how it goes, remember, patience is key to being successful as a trader and/or investor.
That being said, WAN has been performing great but I feel like it's due for a slight pull back and pause to consolidate and form a good base. The last thing we want it to do is go parabolic which will make the price just fall harder, which is honestly not a bad thing if you 100% believe in the project like I do. It just means we can accumulate more.
However, due to the popularity of the project there is always the possibility that it may defy the technicals and continue higher.
This chart plays out to May 1st which is only a few days away.
Let's see how it goes, remember, patience is key to being successful as a trader and/or investor.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.