I love this coin, last year he gave a bunch of profit! I do not know how he will achieve this goal, but he will go to her. Now we are seeing a classic and rather strong reversal pattern. ITS NOT financial advice!
Pattern is forming on the daily. Gold drawing indicates potential price action but is still purely dependent on BTC. TP1 and 2 act as potential targets if it plays out. Not investment advice.
Great bullish pattern on Walton, local rising trend, there are volumes, brokeout of Resistance zone wich became Supportt zone.
Don't hurry to buy! Wait till the price crosses up the green zone. If price touches the second target, there will be cup pattern.
Take a look at how this 63 point area on the rsi has been a historic rejection zone for WTC.
Do it on a retest of the bottom of Shown price range (Blue). Or now if you just dgaf
WTC breakout confirmed overall looks bullish Macd showing good bullish sign one of the best project in market
WTC looks good. Broke the trend-line. Good entry now, keep an eye on BTC.
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...
Short term analysis of WTC. Made using a cluttered chart, lots of coffee and hyper-focus. Look to pick up more at 4490-4500 range
Levels. The .786 to .5 Fib retracement bounce isn't uncommon, which gives us another 13% from the time of posting. Ideally, the green support noted holds. If not then I'll be looking at reactions with the lower blue noted levels.
Looking back during december of last year we see an inverse head and shoulders play out as a trend reversal. The neckline served as resistance four times before it broke out. Volume corresponds to each move and if one played the break of the neckline resistance it would have yielded 300% gains. Textbook technical reversal. Hindsight is 20/20.
3 Reasons for Trade setup: Location: Within RLZ Momentum: Bullish Divergence confirmed, W confirmed in Willy as well and in OBV. Structure: Double bottom , entry at the confirmation. Profit Objective 2:1 R/R
Technical analysis: . Walton/Binance Coin 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 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.3000 to 0.2100). if so, traders can set orders based on Price...
Technical analysis: . Walton/Binance Coin 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 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.3000 to 0.2100). if so, traders can set orders based on Price...