Waltonchain has a short-term trading bias, with the WTC / USD pair still trading above major support on the four-hour time frame.
The four-hour time frame shows that the WTC / USD pair is attempting a breakout from a neutral , following a failed downside attempt.
Technical indicators on the four-hour time frame currently have a slight bias.
Traders should note that the current 2019 trading high will come into focus if the triangle breakout on the four-hour time frame is successful.
The indicator on the four-hour time frame is and is starting to issue a buy signal.
The indicator on the four-hour time frame is neutral and currently failing to generate a clear trading signal.
Waltonchain / USD Medium-term price analysis
Waltonchain has a medium-term outlook and continues to trade well above its trend defining 200-day moving average.
The daily time frame shows that a pattern has formed, with the WTC / USD pair attempting to move back towards key resistance.
Technical indicators on the daily time frame are and continue to issue a buy signal.
WTC / USD by TradingView
Trades should note that patterns typically breakout in the direction of the overall trend.
Relative Strength Index
The indicator on the daily time frame is and is continuing to issue a medium-term buy signal.
The indicator is on the daily time frame and continues to generate a buy signal.
Waltonchain is attempting a breakout on the four-hour time frame, following an impressive technical rebound from major support.
The pattern on the daily time suggests that in-line with the prevailing , a medium-term upside breakout appears the most likely scenario for the WTC / USD pair.