#WTC / BTC ( Binance )
Buy Range : 4500
Stop Loss : Closed Candle below 0.0004 - > Rebuy at Strong Support 0.00032
Target 1 : 9320
Target 2 : 12542
Target 3 : 16540
Pros :
- WTC price was around x10 ( 40k sats/40usd).
- Strong potential for huge grow when altcoin cycle starts
- Nice Risk/Reward because price are too cheap. Only get delisted or some real bad news could smash its price
Cons :
- Early to confirm bullish reversal on all timeframes, just some positive movements which could be a Start or maybe needs longer for recover
WEEKLY CHART
- Not much to say. SAR its going down and need some weeks sideways to touch our levels.
- EMA20 still above candles which is a bearish signal on that timeframe
DAILY CHART
- RSI downtrend has been broken and pointing up.
- Daily CCI turned into Green
- MACD crossing and rising.
- Good positive volume
- Some days on streak in SAR
- Moving averages still above over candles which is not positive
4H CHART
- Moving Averages crossed and being supported by them
- Stay above Ichimoku cloud since 19th August. Good signal.
- WTC need to stay Above MA200 to confirm good mommentum
CONCLUSION
WTC looks much better on short-term charts looks than longer timeframes. That's normal because it come from massive bloodbath and its recoverying good. If this coin is able to stay above moving averages on the Daily, im pretty sure it will rise much better.
However , we have to remind that market remains bearish and we should leave if this coin lose support of blue moving averages on short-timeframes.
For Long-term overview, this coin is pretty cheap and holders could x3-x4 easy if market turn into a new bullrun cycle
Good luck ,
Mike
PD : Tradeview deleted my last WTC idea and i had to upload again . Sorry!
Buy Range : 4500
Stop Loss : Closed Candle below 0.0004 - > Rebuy at Strong Support 0.00032
Target 1 : 9320
Target 2 : 12542
Target 3 : 16540
Pros :
- WTC price was around x10 ( 40k sats/40usd).
- Strong potential for huge grow when altcoin cycle starts
- Nice Risk/Reward because price are too cheap. Only get delisted or some real bad news could smash its price
Cons :
- Early to confirm bullish reversal on all timeframes, just some positive movements which could be a Start or maybe needs longer for recover
WEEKLY CHART
- Not much to say. SAR its going down and need some weeks sideways to touch our levels.
- EMA20 still above candles which is a bearish signal on that timeframe
DAILY CHART
- RSI downtrend has been broken and pointing up.
- Daily CCI turned into Green
- MACD crossing and rising.
- Good positive volume
- Some days on streak in SAR
- Moving averages still above over candles which is not positive
4H CHART
- Moving Averages crossed and being supported by them
- Stay above Ichimoku cloud since 19th August. Good signal.
- WTC need to stay Above MA200 to confirm good mommentum
CONCLUSION
WTC looks much better on short-term charts looks than longer timeframes. That's normal because it come from massive bloodbath and its recoverying good. If this coin is able to stay above moving averages on the Daily, im pretty sure it will rise much better.
However , we have to remind that market remains bearish and we should leave if this coin lose support of blue moving averages on short-timeframes.
For Long-term overview, this coin is pretty cheap and holders could x3-x4 easy if market turn into a new bullrun cycle
Good luck ,
Mike
PD : Tradeview deleted my last WTC idea and i had to upload again . Sorry!
Trade active:
Still on the good way :)
Comment:
Nice gains for now. Stll looking for higher targets...