In log scale, weekly time frame, the bearish trend has been broken
in daily price crossing up MA20. THE HIGHLITED REGION IS VERY IMPORTANT TO GET BROKEN, it is a crucial resistance.
In for hour time frame, price made some bottoms and preserved energy.
I like this position Walton finds itself in. Looking at the 4-hour chart, Walton has made some nice gains the past couple days and is showing a bullish continuation as it catches support on previous resistance. I haven't committed to this trade because I think BTC is at a key level and could affect WTCBTC's price action with its volatility. But I'll be watching...
Long term plan for WTC. 1.5 to 2 years from now. Thank me in 2 years..
s/l: weekly close below 248 sats
Targets on chart. I would advise to take only small % at first target. Game on.
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Walton (WTCBTC) just hit a new high today compared to April, this is great news... But there is more to come.
Most of the altcoins are hitting higher highs compared to February before moving into the extreme bullish zone.
The Feb. high is sitting at 0.00000767 for WTCBTC.
Taking into consideration what I just wrote above, prices can easily continue to increase....
-the price broke above the 200D MA a few days ago
-it has now retraced back to the previous resistance zone
-this will be its chance to flip Resistance to new support
-aggressive buyers will likely enter the green zone support
-while breakout traders will patiently wait for a break of 525 top
-the upside potential may hit up to 770 sat
-stoploss is only...
Walton (WTCBTC) Overview
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of Things). The Walton team develops and produces Transaction ID-reading RFID chips, which can generate their own random ID hashes that are uploaded simultaneously to the blockchain via their RFID reader. This...
I like this setup for Walton on the 4H time frame. We can see the price action has been making moves in July. It broke through the orange descending channel two weeks ago. It continued on to break the neckline, and has since confirmed it as support. I think this is a great second chance opportunity to enter long. We have a bullish cross on the MACD , which remains...
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
Trying to flip ~4k sats into support for continuation toward ~5k sats resistance level...
Volume for now is decreasing so careful, a HH over 4300sats can unleash some fomo
UCTS signaling buys on the 1D and lower timeframes..