Wanchain, AION, Mithril Price Analysis March’19

CoinSwitch | 14 March, 2019 | 2 min

1)Wanchain (WAN/BTC)-Binance

Wanchain aims to build a distributed future "bank." Wanchain allows any institutions or individuals to set up their own virtual teller window in the “bank” and provide services such as asset exchanges, loan origination, credit payments and transaction settlements based on digital assets.There are various upcoming news and catalyst so it might affect wanchain price analysis.

Let's analyze the Daily Timeframe chart of the pair to know levels to buy and could be one of the best performing coins now.

WAN/BTC pair has already seen a surge of 50%+ since last month and with more upside potential because of upcoming news and catalyst. It will undergo a slight correction to the downside in the coming days/weeks.

  • Interested buyers can look for a price around 0.0000945-0.0000983 Satoshi(first green bar) and around 0.0000845-0.0000867 satoshi(second green bar) using laddering technique.
  • Sellers can look for three potential sell zones 0.0001465-0.0001530 Satoshi(first red bar),0.0001958-0.0002037 Satoshi(Second red bar) with long term target around 0.0002890-0.00003027 Satoshi(Last red bar).
  • Also, it has been trading above the 200D-SMAs and entered Ichimoku cloud, breaking above it would be strongly bullish for the asset.

Caution: If the last line of support 0.0000749-0.0000708 satoshi (last green bar) is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.

2)AION(AION/BTC)-Binance

The Aion multi-tier blockchain network is like a computer network, providing a protocol and standard for dissimilar systems to communicate. There is an upcoming MainNet launch of this project by the end of May'2019 and could be one of the cryptocurrencies with upside potential.

It might affect AION price analysis so let's analyze daily Time Frame chart of the pair to know levels to buy for upside potential.


AION/BTC pair hit a new low against satoshi price level on 24th February 2019 but moved 50+% recently. But, it has the more upside potential with the upcoming catalyst (MainNet).

  • Interested buyers can look for a price around 0.0000340-0.0000350 Satoshi(first green bar) and around 0.0000312-0.0000321 satoshi(second green bar) using laddering technique.
  • Also, if the second support level around 0.0000312-0.0000321 satoshi(second green bar) is broken down then buyers should the asset with precautions as it would be early signs of bearish (sell signal)momentum.
  • Sellers can look for two potential resistance zone 0.0000413-0.0000425 satoshi and 0.0000476-0.0000488 satoshi to book profits with a long-term target around 0.0000576-0.0000591 Satoshi.
  • Also, it has been trading above the 200D-SMAs and testing the Ichimoku cloud, which is slightly bullish but STOCH-RSI indicator showing minor correction downside ahead.

Caution: If the last line of support 0.0000262-0.0000271 satoshi level is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.

3)Mithril (MITH/BTC)-Binance

Mithril is a decentralized mobile game ad platform which aims to dramatically improve ad efficiency by eliminating middlemen intervention and connecting gamers and gaming companies directly using verified gamer's blockchain data.

There is an upcoming catalyst (news) for the asset which is MCX atomic drops for MITH holders and Vaults payment alpha and beta launch in Q1, 2019 (end of March' 2019).

It might affect mithril price analysis, so let's analyze the daily Timeframe chart of the pair to know levels to buy for upside potential.

MITH/BTC pair has been trending up since 25th February 2019 and have surged 50+% since then.

  • We can see the price reaching support level 0.00001100-0.000011051 satoshi where interested buyers can look for these levels to enter for safe entry.
  • If the 0.00001100-0.000011051 satoshi level is not held then one can look for buying around 0.0000914-0.0000966 satoshi level with a tight stop-loss.
  • Sellers can look for two potential resistance zone around 0.00001398-0.00001468 satoshi and 0.00001712-0.00001784 satoshi to book profits. Also STOCH-RSI indicator in the overbought zone and MACD is curving down showing signs for correction downside.

Caution: If the last line of support 0.0000865-0.0000840 satoshi level is broken then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.

Conclusion

Overall, Altcoin market seems to be showing signs of upside potential but it depends on the Bitcoin dominance percentage as well so one needs to be cautious while being involved in altcoins and always book profits to avoid potential losses as crypto is highly volatile.

Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.

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