There is a huge divergence on the RSI. Big accumulation volume showing interest in this token. MarketCap is 10 times less than its competitor VeChain (much more upside potential). There is a goog risk reward relation for this token at current levels... I am willing to take a good position.
Trade closed manually
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I am out of this one ! Sure it will have its day... but did not have the patience ... I moved the money to VeChain (fortunately) on 29th June ... SO I ENJOYED THE 60% RUN IN 4 DAYS !! Was lucky on this one.
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By the way: sold 50% of my VET for XLM - will post on that one, too.
@kkrypto.be, I made a 5 x on VET but unfortunately did not publish on VET ! I did publish perfect entry point on ZIL though...
kkrypto.be
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Hi,
Can you (or anyone) explain to me why it is that divergence (lower lows en higher RSI) is bullish.
Price is lower and more people buy compared to when price was higher.
I hope I have that right at least.
But then I wonder: why isn't it the same when price goes up en RSI too?
What's the difference?
I think in ask-demand (more buyers than sellers= higher price)....
thanks
K
Philfer
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Vechain still has 1000x more potential than Waltonchain.
Dangermousebanana
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@Philfer, that's your opinion, which I respect. One strenght of WTC is that they produce their own RFID chips and that they have a running product. VeChain is not there yet and will outsource chips production to a 3rd party. However, if you are right I will be fine, because I own both ! Thanks for commenting, Philfer !
Tristan73
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@Dangermousebanana, have you been keeping up to date with Waltonchain?...is it still getting progress made?....thanks
Dangermousebanana
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@Tristan73, I must tell you: I have a decent position in WTC but it is one of those I am less comfortable with. I have tried to do some research and it is very difficult to get my hands on serious information. This project comes out of China; I guess that is why. However I am willing to take the risk since the reward could be life changing. Do you have any news on WTC ?
Tristan73
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@Dangermousebanana, i have researched and liked WTC back in17, what I did find out lately is they have been selling coins onto the market to pay for new developers on the team...which investers did not like...however like you I see small supply, some good partnerships and a use case, they are also backed by Chinese government, however unlike BSV, BCH, ADA or ETH there is no face to the project, I enjoy watching podcasts from the likes of CW, Ver, or CH but with Walton theres zero...however im prepared to risk reward this one...I believe its still a gem and nobody talks about it unlike say Link or XRP...I like quiet projects with good potential that have nice set up to the upside...so I bagged a shit ton and lets hope for great gains!!
Thank you