Wait For The Bounce, Wanchain Long

٣٠ أبريل ٢٠١٨

4Hour
Straight to our pattern timeframe this time folks. Wanchain showing resistance @ 0.00095000. Price retracing to ascending triangle breakout support. Expecting price to drop and hold around 0.0007700, bouncing off our trend line and forming a double bottom. Taking a look at our Stochastic RSI: momentum has failed to formed higher highs and higher lows, as priced made a nice run from 0.0007500 to 0.0009500, no signs of bulls.

Conclusion
Buy: After break and close above 0.0009500 on 4hour / bounce off 0.0007700
Sell: No.