This asset is quite interesting, take look.
We are down-trending since Jan 2018, after the breakout of the second resistance line we started a sideways pattern
But that also can be a rounded bottom
We can test a long position above 0.000060 and that will characterize a bull flag.
I like this setup for Walton on the 4H time frame. We can see the price action has been making moves in July. It broke through the orange descending channel two weeks ago. It continued on to break the neckline, and has since confirmed it as support. I think this is a great second chance opportunity to enter long. We have a bullish cross on the MACD , which remains...
Moving average indicators : crossbullish.
MACD : crossbullish.
Green candles volume are going back.
WaltonChain has good fundamental, with a Q3/Q4 2020 roadmap updated.
T1 : 771
T2 : 2007
T3 : 2871
WTC is at the important support zone of uptrend and we should wait for the decision to buy WTC or not.
If you want to buy now, you should prepare for the worst scenario
If WTC doesn't fall out of the 325sts, it could fully rise above 500sts by Mid July
Break of the ascending triangle to come.
we are moving towards past resistances, which should be quickly overcome.
WTC has an interesting history of speed increases.
It will be easy to make a X2.
Break of long downward trendline, MACD RSI divergence on the daily & 3D. Have we found the floor? Is Alt-Season finally here? Will WTC do a 5X soon?
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Comment; What do you think? Do you agree?
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical...
Walton could be setting up for a longer-term bull run!
On the Daily ( marked with the 2 red circles on the chart ):
-The Tenkan( Yellow line ) has broken above the Kijun ( Dark Blue line ) which is a bullish sign.
-And if the lagging span ( Purple line ) can break the Kijun that would be confirmation.
On the 4H:
-It's trading above the 50, 100 and 200...
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.
Walton (WTCBTC) Overview
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of Things). The Walton team develops and produces Transaction ID-reading RFID chips, which can generate their own random ID hashes that are uploaded simultaneously to the blockchain via their RFID reader. This...
WTCBTC is looking good now.
- Falling wedge formation on the daily time frame.
- Sell pressure is decressing what you can notice on MACD histogram.
- Very low volume
- upcoming Bullish cross on MACD
DCA into this coin and you will be very happy soon. Upcoming move will be very explosive, 50 % gains easy.
Not a financial advice. Just my...