WTC have had some FUD lately, but is still solid pick to portfolio. Mainnet launch is later this month so timing with news works aswell.
Pennant is getting closer to breakout point which i expect to be around ~16k sat. If we get closer to 10k sat, we will see huge support from old resistances, which would be ideal spot to buy WTC.
RSI proves that WTC is ...
If it passes over the POC, WTCBTC should at least hit 0.02 satoshis. All it needs is buy volume to bring it up; considering the reason for its drop compared to its project, I am bullish but I have set a stop loss at 0.0017.
My thoughts about Waltonchain;
We can see the Candles bounced up at the strong support area (blue lines).
RSI broke out of its falling Wedge.
MACD seems to prepare a bullish cross.
Breaking the pink line could be used as confirmation of a new uptrend and a chance to buy in.
I drew two target areas.
WTC will soon release ...
It's been a while, since an update hasn't been done on Waltonchain - WTC.
On 18/02 my investment position was opened at "A Support" Line, price at 0.00237 - WTC/BTC, expecting that Impulse(Up-Trend) is expected to be formed soon and the Bearish scenario will end also soon, instead of this the Market behavior continued to show us some Retrace ...
An update on this haven't been done in a while, so I decided to share my mind with you.
After 2 days of "Red" market, we can observe that most of the Crypto's are suffering decries in price, similar scenario is visible not only with Waltonchain WTC, but all the ALTCoins on the market.
So.. back to the point, we were trying to find best moment to ...
Prediction on WTC Walton of bouncing Support level "F" and start the UP-TREND wasn't successful, which means that WTC is steal flowing in a Bearish Scenario. This morning chart was pointing newer Lows, reaching Support level "G", but then we started see some slow movement Upwards. Fib showing us that we are in the bottom of the Bear market, which ...
Walton is currently resting at support levels, which makes this a great buy opportunity with great profit potential.
If you can handle holding for a couple of weeks, we could potentially see a 100% increase in price if we follow the fibs like we did last time.
If you hold for a couple of days we will most likely see 20% or more.
Stop loss about 10% from ...
The bitcoin pump got me stopped out of my last WTC trade (link below).
Re-entering my position now as its pretty clearly at an obvious support level.
Targets: Same as previous idea :).
WTC is accumulating pretty hard lately and it should pop-up really soon, we are currently in the wedge and just bounced off support, you can start layering your buys and wait for a break out. Will update the targets later on.
I want to lead this off by saying I only enter swing plays on positions I feel confident in long-term as well (never subscribing to greater-fool). WTC is a solid project and a great competitor to VEN. However, this trade is based off pure technicals.
First, let's look at WTC's recent bull run, which followed an almost textbook 5 wave pattern with a 3 wave ...