WTCBTC has been in a continuous downtrend since testing the weekly level at 0.0002850
Levels I'm looking at for entry:
0.0001714 - First test of downtrend resistance since the start of the move down. If we can close above here would be a good sign of reversal and we can start testing 0.0001806 resistance and beyond.
0.0001485 - If move up fails. This is an...
WALTON WTCBTC CONTINUING CORRECTION
TARGT1 ~180k sats range: from there we could get a nice 25-30% move
wtcbtc seems to be to weak for an impulse wave upward. A further correction is more probable at this point.
. Walton/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
. There is a possibility of temporary...
WTC currently trending in horizontal channel.
It should follow the entry trend and break this pattern to the downside... but let's see if this will be the case this time. The weekly Stoch RSI is still bearish so lower price levels for WTC won't surprise us.
We will be following Waltonchain closely.
Walton chain has disappeared off many peoples radar but a move back above resistance could change that
A possible retest of local highs could be on the cards only once we get back above and hold the S/R flip zone
MFI forming a bull div, which further proves our scenario of a bounce
. Walton/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. There is a possibility of temporary retracement to suggested support zone (1.839400 to 1.383800). if so, traders can set orders based on Price Action...
WTC/BTC - Walton forecast
4H/ 1D - up and minor uptrend
Price move above support level --> positive situation
4250 - 4330
News: ~ The crypto market warms and minor upward.
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of...
Quick Anlysis on WTCBTC on the DAILY timeframe!
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$WTC Trying to breakout from a descending triangle... Currently crossing over EMA50
Volume increased over the last few days. RSI & MACD Rising.
UCTS showing a buy signal on the daily...
Potential targets on the chart...
Falling below triangle support line will cancel it.#WTC
WTC looks like it might found its bottom. Unlike many other Altcoins it never had a rally in the last days.
I will buy in green area. Stop- Loss below it.
Laddering out my position on TP1 (40%) and TP2 (40%)
While the last 20% of the position will be held.
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of...