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.
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
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...
Waltonchain / Bitcoin formed bullish Butterfly pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.0000769 to 0.0000744
Sell between: 0.0000789 to 0.0000837
Atif Akbar (moon333)
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