WANCHAIN looking bearish on the hourly?
Pretty new at this so go easy...
It looks to me like a Head and Shoulders pattern formed on the hourly chart and the price has dropped below the 50MA and 20EMA but remains just above the 9MA. Along side this over on the 4 hourly chart a bear flag is forming.
Price strength confirmation and previous resistance found at the 0.618 fib level at 64500 sat looks to be the next strong support level.
Advice, re-education welcome as i say pretty new and i'm trying to learn so might be wrong.
It looks to me like a Head and Shoulders pattern formed on the hourly chart and the price has dropped below the 50MA and 20EMA but remains just above the 9MA. Along side this over on the 4 hourly chart a bear flag is forming.
Price strength confirmation and previous resistance found at the 0.618 fib level at 64500 sat looks to be the next strong support level.
Advice, re-education welcome as i say pretty new and i'm trying to learn so might be wrong.
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