BINANCE:WTCUSD   Walton / US Dollar (calculated by TradingView)
Waltonchain is a chart to watch over the next few days as we approach important resistance.

EMA's are acting as support on this uptrend and we've seen a bullish cross of the 12 and 26 day. Increasing volume . RSI is approaching oversold but if we pull back in the next couple of days before challenging that upper range resistance level it will likely bring it back under 70.

If that red resistance is broken there is a lot of room before hitting any areas of recent price action.

Certainly a coin I will be keeping an eye on over the next week or so.

There are a lot of alt coins with somewhat similar looking charts with many approaching upper range levels with a ton of room to fly. It pretty much comes down to what Btc does. If bitcoin can break that 4200ish level then we just may see a little alt season.

If Wtc fails to break resistance we can expect further consolidation. If btc drops we look at the bottom range level as support.
Comment: Failing exactly at the lower high resistance.

Now looking to test support of the green trend line.
Just shy of a 2x...
Hitting major resistance on the hourly. Lack of bullish volume. A short to mid term correction seems likely.

Volume spikes during wicks hitting the previous price levels. Lots of coin is bought and sold at these price levels. They are areas to set alerts. Have a plan for every price movement.

Be a reed in the wind. Be the smoothest rock to ever roll. Become #michaelmcdonald


Volume looking good, if BTC doesn't shit the bed I'm setting up trailing stop losses as we have major gaps until resistance levels, btc shtting the bed is a major concern obviously.
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