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WTC is finding a new strong resistance line. So if it holds it can get throw the uptrendchannel and get out of the correction from beginning of the year.
To get out of this next uptredchannel we will need some new big news.
Is is only my opinion and invest at your own risk.
Waltonchain-- seems like it can go up very fast got here both falling wedge resistance touch and support back from DEC.
target is next fib level for me.
can go further.
Looks like it has started accumulating after a long downtrend that seems to be ending. I have mapped out minor and major EW. Looking at 100-200 percent in mid-long term.
Disclaimer: I don't know anything.
WALTON CHAIN COIN
of course ya boy is gonna buy some walton here... this shit looks to good and one of the few coins that haven't full blown started to pump yet!
An Inverse Head and Shoulders Pattern, with the head and right shoulder creating a symmetrical triangle. Breakout potential is worth monitoring.
This is a simple TA on WTC
it broke out of the downtrend, now the box is the area of the consolidation and the accumulation for now. further big movements of btc can cause it to go lower but what we want to see now is growing volume to confirm the accumulation period. also will be interesting to see for the end of accumulation phase a break out to 0.5 fib and then ...
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.
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone ...
To keep the description brief always consider this from your perspective
Trendline is being respected
Indicators are turning to favour volume
Previous structure gives confidence that this coin has room to grow to the line of resistance
After further confirmation of the trend there is a potential entry
Not financial advice just an idea - do you need to say this ...
based on recent activity, WTC is also above the 200ma
things are looking to pick up past few days
of course this will be effected by what happens with BTC
but if it stay stable or start to climb up, we should see a continuation with WTC slow climb
I'll probably be updating this for a bit, i'm very intrigued by WTC as a project and would like to see it go places ...
Just landed with a double bottom which it broke retested and ready to rise again, forming a huge rising wedge pattern which we can take advantage of on the last leg up.
Short term Targets:
T1 - 17700
T2 - 18000
T3 - 18800
Mid term Targets:
Long term Targets:
High - Target: ...
Walton making a breakthrough above a harmonic resistance formation. looking for support at designated level for a continuation into (hopefully) an upward trend
The more I look at this chart the more bearish I become. WTC had a nice ABC retracement last week that made for some nice profits. It would appear we are forming another corrective wave that should take us down toward the 0.00079000 sat level. WTC currently looks to be finishing the 5th of 5 waves. The question to me is will it have a last push down toward the ...
Target 1 : 0.0022
Target 2 : 0.0028
Target 3 : 0.0039
Target 4 : 0.0050
Stop-loss : 0.0015
We have seen lot of FUD lately. They deleted the tweet after the Chinese Gov got intervened. Waltonchain Mainnet is due to be released on Q1 (March) or early Q2. The tech is promising. Has a solid team. Also 6 ICO's are in line to be launched. A lot of news is coming soon. I believe WTC is in accumulation now. It will rise to ATH of 37 satoshis then moon from there.
We're seeing volume, we're seeing growth, we're seeing the beginning of a new impulse cycle and a crossover into bull territory regardless of the market's movement as a whole. RSI looks promising as well. You can compare RSI motion to previous instances and get an idea of what's going to happen next.
ABOUT Walton Chain
WaltonChain is a genuine, trustworthy and ...
WTC is currently in an ABC Wave 4 on the 1Week...I'm Bullish - @juni0rlancaster (aka BTCookieMonster