WTC currently trending in horizontal channel.
It should follow the entry trend and break this pattern to the downside... but let's see if this will be the case this time. The weekly Stoch RSI is still bearish so lower price levels for WTC won't surprise us.
We will be following Waltonchain closely.
. Walton/Dollar 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 56.
. There is a possibility of temporary retracement to suggested support zone (1.839400 to 1.383800). if so, traders can set orders based on Price Action...
Walton chain has disappeared off many peoples radar but a move back above resistance could change that
A possible retest of local highs could be on the cards only once we get back above and hold the S/R flip zone
MFI forming a bull div, which further proves our scenario of a bounce
WTC/BTC - Walton forecast
4H/ 1D - up and minor uptrend
Price move above support level --> positive situation
4250 - 4330
News: ~ The crypto market warms and minor upward.
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of...
Quick Anlysis on WTCBTC on the DAILY timeframe!
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$WTC Trying to breakout from a descending triangle... Currently crossing over EMA50
Volume increased over the last few days. RSI & MACD Rising.
UCTS showing a buy signal on the daily...
Potential targets on the chart...
Falling below triangle support line will cancel it.#WTC
WTC looks like it might found its bottom. Unlike many other Altcoins it never had a rally in the last days.
I will buy in green area. Stop- Loss below it.
Laddering out my position on TP1 (40%) and TP2 (40%)
While the last 20% of the position will be held.
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of...
Ah, the worst performing coin in my portfolio. This is the only crypto asset I own that I have not really averaged down on since November, since I saw other coins likely to far outperform it. So far, I've been correct in my assumption.
Why hasn't it bounced like some other coins, you ask? The answer is simple - Pump and Dump groups cannot confidently pump a coin...
I like that WTC is increasing in volume (See weekly)
I consider this as a pretty important support box to hold, if it loses it I'm not gonna be very interested in trading WTC
Stops and PTs are in the chart
Waltonchain looks like it might get a bit of a bounce by springtime... the fibo fan shows the decrease in bearish momentum, the horzontal fib shows there the cycle should reverse, and we also see lots of volume showing on the vpvr at the 0.236 fibo trendline which could indicate a bottom, but we are still yet to see any real upwards direction.
If the price can...
#WTC - Falling wedge breakout + Bull Divergence on the 4h Chart.
TP 1: 0.0003344 - 7
TP 2: 0.0003496 - 12%
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