Pair: WTC/BTC
Exchange: Binance
Trade Duration: Medium
Risk: Low
Introduction
Waltonchain (WTC) is currently sitting just above yearly lows at $1.26 (0.0003060 BTC). WTC is currently in the accumulation phase and looks ready to make a move, although, it must break through the current strong resistance to make us confident in this trade.
Technical Analysis
- Higher Lows
- Nearing Breakout of Triangle
- Bullish RSI
- SQZ Signalling Bullish Momentum
- Consistently Good Volume
Fundamental Analysis
- Mainnet Update & Testing (18th January 2019)
Our Entry Zone
0.0002900 - 0.0003240
Our Targets
1: 0.0004200
2: 0.0005370
3: 0.0006900
Our Stop Loss: 0.0002650
If you liked this analysis, hit that like button and give us a follow!
Have a great day,
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Exchange: Binance
Trade Duration: Medium
Risk: Low
Introduction
Waltonchain (WTC) is currently sitting just above yearly lows at $1.26 (0.0003060 BTC). WTC is currently in the accumulation phase and looks ready to make a move, although, it must break through the current strong resistance to make us confident in this trade.
Technical Analysis
- Higher Lows
- Nearing Breakout of Triangle
- Bullish RSI
- SQZ Signalling Bullish Momentum
- Consistently Good Volume
Fundamental Analysis
- Mainnet Update & Testing (18th January 2019)
Our Entry Zone
0.0002900 - 0.0003240
Our Targets
1: 0.0004200
2: 0.0005370
3: 0.0006900
Our Stop Loss: 0.0002650
If you liked this analysis, hit that like button and give us a follow!
Have a great day,
Crypto Eye Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Crypto Eye are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.