Waltonchain combines blockchain with IoT (specifically RFID) to create a management system for supply chains. The project is named after Charlie Walton, the inventor of RFID technology and a pioneer in the space.
Waltonchain (WTCBTC) Chart Analysis
3 Days (3D Time Frame) Chart:
Here we can see Waltonchain (WTCBTC) long term.
On the left side of the chart, we can see WTCBTC's bull run which ended in late January 2018.
After this bull run, WTCBTC has been in a bear market, removing all gains plus some, until it finally reached early September 2017 prices, marked with a yellow circle.
As this support level is hit, signals start to develop signaling possible upcoming bullish action... Let's take a look.
We have increasing volume... You can see a red dotted line on the volume bars, below the main chart. Volume started to increase after 14th August, when the first low was hit.
We have bullish divergence on both RSI and MACD, already in play, prices starting to move up after the divergence.
Now trading above EMA10. WTCBTC Should move positive soon.
This will be a very low risk, high reward trade... This is a bottomed out altcoin.
Let's trade!
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