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
Quick Anlysis on WTCBTC on the DAILY timeframe! Feel free to follow me on twitter to get more info regarding all your favorite altcoins! Thanks, LiquidMEX DISCLAIMER:!!!This is not to be considered financial advice is my personal opinion, always do your own research before entering or exiting trades as i will not be held liable for any of your trades!!!
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Take a look at how this 63 point area on the rsi has been a historic rejection zone for WTC.
If you enter with proper entry from recent dead cat bounce, $WTC must've gave you at least a 2Xs or 100%+. No doubt Walton Chain is one among many great token projects until this day, with only 70 mils total supply and 40 mils ciculating supply $WTC aim to be useful in commercial use. For example last partnership with Dongdaemun Fashion Town Tourism Zone...
#WTC (WTC/BTC) Buy : 6000-6050 Flash Sell : 6100-6150-6200-6250-6300 Short Sell : 6400-6500-6600-6700-6800 Stop : 5850 Follow me for more signals PM me if you need help from me
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...
The RSI indicator suggests WTC i really oversold right now. There are no fundamental reasons why WTC is still dropping. A lot of fud on r/cc suggests most of the people are wrong. We should bounce to the resistance zone pointed with rectangle
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...
Waltonchain (WTCBTC) broke out of the consolidation on Thursday. If price falls down to the support level around 0.0017, we can expect another reaction to the upside. If price breaks the resistance around 0.002 it will likely continue up to the next resistance around 0.0025. Once price reaches the resistance level around 0.0025, it's reasonable to expect a...
Tried three times to push past the Fib with no luck. Setting up some buy orders to add to my bag in that Blue box.
Update of my previous chart, $WTC still probing resistance and setting higher lows on the hourly chart.
Technical analysis: WALTONCHAIN/BITCOIN is in a down trend and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 43. Trading suggestion: *The price is in a down trend, but we forecast the uptrend would begin. *There is possibility of temporary retracement to suggested support zone...
Before anything I have to say that a loss of the 4H higher low will invalidate this entire set up. However if we hold the higher low pattern we should see major continuation to the upside. I am not entering a position until the double top/Fib level is broken with convincing volume. Targets are the yellow boxes. 1/3 each sold at both of the boxes and the rest I...
Same pattern as can be seen accross many alts at the moment