Walton / Waltonchain (WTCBTC) went ahead and did a full retrace from its December bull run... No wait, in fact, it retraced all the way back to its September 2017 low. Now, after 8 months of bear action, January through August, we are seeing signals of a trend reversal.
Huge potential here... Over 500% profits potential based on January's all time high... Let's take a look.
Charts, signals & indicators
Here I am sharing the long term chart for Walton (WANBTC):
* You can see here the September 2017 bull run, it lasted 12 days. * The January 2018 bull run, it lasted 22 days. * And finally... We have late 2018, we are getting ready for what will come next...
Let's see what the indicators and signals have to say:
- We broke and closed above EMA10 (blue line) with strength and good volume. Today's candle is a bullish candle as well. - A strong accumulation period can be spotted. MACD bullish divergence plus a young bullish crossover, yet, we still need to get on the bullish side for the MACD. - RSI hit oversold on the 14th August, which is when the lowest point was hit for most altcoins. After hitting the oversold line (red dotted), it bounced strong and it is trending up now and into the bullish zone (above 50). - The STOCH now is trending bullish.
The weekly chart:
- It is easier to spot the growth potential for Walton (WTCBTC) on the weekly time frame. Take a look at the chart above. You can clearly see a reversal candle followed by a bullish candle, with relatively good volume supporting the growth. - All the indicators in my charts allow for plenty of room for growth. - We are hovering around the bottom... Once we are at the bottom, the only place left to go is up.
Note: Notice that all the strong bullish action happens in a few weeks time. When the next bull run is on, remember to sell for profits once we start to hit our targets.
Stop loss: A close below 0.000420 on the weekly time frame.
Note: "PP" on title stands for Profits Potential.
I ACCEPT BLESSINGS IN MY LIFE... ALL OF THE TIME
I accept blessings in my life, that's ok. I am always thankful, daily, for everything that comes my way.
I am thankful for everything that happens to me that's good. But I am also thankful for everything that happens that people consider bad. That's the trick... That's the trick if you want to receive blessings... in your life... ALL OF THE TIME.
Be grateful for everything that you already have. As you are grateful for everything, good or bad, right or wrong, life will always make sure to give you more of what you want.
Namaste.
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Trading channel for WTCBTC:
We can go down all the way to 0.00049 and still be trading within this ascending channel.
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Here is our updated trading channel, we are on the top part of it showing lots of strength:
@SimpsonTrades, It is my pleasure. Thanks for the comment.
mojtabaivi
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I checked the notification setting, But I don't know why I don't receive your updates notification in the last days. I only receive your status updates :(
AlanSantana
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@mojtabaivi, Try to unfollow and then follow back again. This might work.
kelly4top
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@alanmasters is it still safe to buy WTC as the price is high now or should I wait for deep?
AlanSantana
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@kelly4top, You have higher risk after we have already hit a few targets. But you can join if you don't mind the risk.
RostOFF
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Be careful, it's just a correction of falling. ABC by Elliot wave and then falling will continue.