WAN, WANBTC - Ready to Break Out?

WAN, WANBTC had a very nice runup till the beginning of May and since then retraced all the way back to the .786 level and it's now in a big channel.

If we manage to break out of this channel from here then we're looking to make an inverse head & shoulder pattern with the break at around 6585 satoshis of the neckline.

In the chart above you see my EW count of the next impulse wave up if WANBTC manages to keep recovering.

Leave a comment if you have any questions.

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And until next time, good luck with your trading!

Disclaimer
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.