WTC BTC WALTON CHAIN SUPPORT AND RESISTANCE UPDATED
2 Month Downtrend After 3 months (March-June) of chop, WTC/BTC has now been in a 2 month downtrend. Quick Falling Wedge Play This downwards channel has had one previous falling wedge pattern, with a quick breakout resulting in ~25% profit. We are now at the convergence point of another falling wedge pattern and we see an opportunity to buy here at the support...
WaltonChain today has reached strong support at $4.7, which is confirmed by two Fibonacci retracement levels. First is the 38.2% Fibs applied to the uptrend trendline breakout point. Second is the 127.2% Fibs applied to the last corrective wave up. The $4-$4.7 area could be the turning point for the WTC/USD, yet its too early to say that with confidence. Further...
Waltonchain broke the 4hr equilibrium and is now facing it's next resistance not much higher than that equilibrium at $6.35-6.40. A break in that resistance will result in a target in the high $7's along the trend line resistance visible on the daily time frame. The trend line and the daily chart resistance at $8.00 should be noted as strong resistance levels....
WTC price is at the bottom of falling wedge. Hold more and more, don't worry. Next all time high poing is double of previous ATH Buy : 7300-7900 Sell 1 : 12000 Sell 2 : 17000 Sell 3 : 25000 Stoploss : 7000 Hope this can help you recognize WTC abilities
Waltonchain (WTC) has reached bottom and is starting its climb up. You can tell by the sharp drop followed by a strong bounce from critical support. Our indicator RSI shows that this bounce occured when we hit the oversold line. The MACD has done a bullish crossover while the STOCH is moving up strong. You can also spot strong bullish divergence on the MACD as...
Technical analysis: . WALTONCHAIN/DOLLAR is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 49. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . We have...
Technical analysis: . WALTONCHAIN/DOLLAR is in a range bound and the resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 49. . The RSI downtrend is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . We have already opened 11 BUY trade(s) @ 7.120839...
Not sure if there is anything to this... I put a retracement position in to be filled between .618 and .786 when it was at the top. Order has filled. Will keep a close on this one. $WTC is known to make some quick runs. Stop loss set at Wave 1 starting point. If it does bounce... I put two extension targets out there at 1 and 1.618
$WTC sits on an important level. pay attention to it. good luck.
Profit target: - 15228 Sats - 19862 Sats
After WaltonChain hit the low at 9475 satoshis, on the 29th of June, price started to move up slowly, and broke above the descending channel and the 50 Moving Average. Nevertheless, the consolidation started, where WTC/BTC managed to produce higher highs, and failed to go below the established low. On a corrective move down, price did hit the 9700 satoshis, where...
Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one. Percent profitable: 80% Profit Factor: 4.7 Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you...
Technical analysis: . WALTON/BITCOIN 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 46. . While the price downtrend in the Daily chart and the RSI is not broken, bearish wave in price would continue. Trading suggestion: . There is still a possibility...
With mainnet launching soon, expected breakout for Waltonchain
Walton (WTC) trade analysis. We have an open trade for Waltonchain, available on Binance, here are the updated details. Upcoming events: -> Waltonchain (WTC) Kaltendin Implementation - 30 June. -> Waltonchain (WTC) Ishijah Pilot Store - 30 June. -> Waltonchain (WTC) Child-chain Prototype - 30 June. Waltonchain (WTC) trade by Alan Masters TRADE...
Posting about a series of Alt Coins that follow my relatively straightforward criteria these days for when Bitcoin is in a slide. The four parameters are: 1. Above the 50 day MA (RED). 2. Above the 9 day EMA (Orange). 3. Above 50 RSI - Even better if Above 60 RSI . 4. Positive trend in MacD . Coins already meet the parameters include ONT VEN BNB and EOS....
This is a trade I like right now. After falling into this wedge I like it breaking to the upside, potentially up 30% to early May highs.