Walton ended with correction. Now in good position to go up on wave 3 with nice 107% potencial.
Entering point allready made at about 21800 satoshis.
Target 51000
I do not own BINANCE:WTCBTC but would like to see how this plays out. This is not trading advice - i am simply trying to analyse some trends.
$WTC has been killing it lately and is following a similar trajectory to BINANCE:VENBTC ( see my $VEN chart here) .
The masternode release should be by the end of February, and $WTC keeps releasing great partnership...
I have done extensive research on WTC and have renewed my excitement for the project. It is much more exciting than I previously realized. I think the RSI and MACD need a cool off period before she makes another big break. The ~.0057 price target came from my previous prediction and I am still holding strong on it.
Here we see Walton Coin or WTC's retracement are reaching a potential BUY zone. Follow this coin closely and let's hope it goes as planned.
Anyways, TAYOR (Trade at Your Own Risk) =)
WTCBTC forming some cup and handle pattern. Technically this is a sign of a bullish movement.
Watch price around 24019sats as a good entry point where 61.8%fibs and a strong support is also present. Look for more other confirmation around on the lower timeframe.
Trade safe and dont use money you cannot afford to lose.
So WTC has filled in a bearish broadening wedge which looks very much like the first ascent we made breaking through the first broadening wedge in what was the first wave. At current price levels we are currently touching intermediate trendline (possible entry point) and will likely bounce back into the tip of the second wave making a 162% increase from the first...
First idea, and fist set of TA skills applied so please leave your feedback, it'd be greatly appreciated!
Waltcoin is on the 4th leg of a 5 wave Elliot wave / cycle. It has good support from the EMA (50 days) and there is a support trend line which each wave has pushed up off. Few more days until it start going up again, maybe already?
Here we have the 1 hour chart for WTC/BTC. updating my idea from the last several days. Trend lines are indicating that there may be another day or so of consolidating but look for a sustained breakout above the 0.0031 mark (possibly happening now).
After the price correction the last day it seems WTC/ETH is getting some upward momentum again.
MACD histogram and RSI confirm this movement. DMI is recovering and Accumulation/Distribution already flipped to the positive side.
This movement should be confirmed when the first candle closes above the 50 and 20 Moving Averages.
Waltonchain has been a longterm favorite of mine. Anyone who read my Vechain analysis knows I'm very bullish on blockchain + RFID projects and WTC is probably the first project that started in this area. I named Vechain the louder younger brother (but with great potential), making Waltonchain the wiser, older brother. The reason for this, is that WTC does not...
Walton (WTC) Chart Analysis
The daily chart looks pretty good but WTC might be running out of steam. This coin is #39 in the Top100 cryptocurrencies by market cap. A very strong coin.
Walton (WTC) reached a new all time high yesterday on Binance @ 0.00345. After reaching a new all time high we normally retrace. Let's see what the charts have to say.
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Firstly , like every time I like to mention that I am bad in English :) But I could not prevent myself from publishing what I found.
Look at the chart you will see that we have a small cup which is now going to the target 158 .
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On the other hand, this daily chart will also show a big cup heading towards completion and its...
Updating my idea from a couple days ago. Im seeing a potential retraction back to support around 0.0030. Should this idea pan out, this a great chance to buy into WTC before its big announcement and media coverage on January 29th.
Indicators used:
-Sell off top wicks of candles increasing, uptrend reversal confirmed on 1 hour charts.
-Currently in overbought conditions
