As WALTON is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
I am looking at the Walton (WTCBTC) chart long-term and can notice massive potential... Let's take a look at this chart together, please allow me to entertain you for a few minutes...
Let's get started!
Walton (WTCBTC) on Binance Weekly (1W) Chart
We are looking at Walton long-term, to be able to gauge its real potential and we can notice a new ATH sitting at...
$WTC / $BTC
Flipping resistance into support at ~19k sats & accumulating there..
This looks bullish to me, Taking a trade here with a tight stop loss under support..
If volume appears, it can easily fly to 22k+sats
Let see how it goes!
$WTC / $BTC
Waiting to see if it manages to cross over resistance/flip into support at 19k sats for a potential entry with target at 25k sats.
UCTS buy signal on the 6H chart
Volume has been increasing lately following what other altcoins are showing across the board.
. Walton/US Dollar 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 41.
. There is a possibility of temporary retracement to suggested support zone (1.644 to 1.281). if so, traders can set orders based on Price Action...
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/Ethereum 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.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
. There is a possibility of...
Waltonchain / USD Short-term price analysis
Waltonchain has a bullish short-term trading bias, with the WTC / USD pair still trading above major support on the four-hour time frame.
The four-hour time frame shows that the WTC / USD pair is attempting a bullish breakout from a neutral triangle pattern, following a failed downside attempt.
Technical indicators on...
$WTC / $BTC Looking interesting, retested support at 18.5k sats & is moving back up
EMA50 about to crossover EMA200 (golden cross) on the 4H, last time this happened price surged over 70% (March '19)
1st target is 24k sats resistance around 20% from current spot.