SpartaBTC

WTC / BTC Falling Wedge. Potential from + 160% to + 830%

BINANCE:WTCBTC   Walton / Bitcoin
WTC / BTC WTC (Waltonchain) Downward wedge . The price is already in the corner. Volatility decreased, volume entered. Coming soon.

ENTRANCE
On a breakout of a pattern, or rollback after a breakthrough, depending on your trading strategy.

Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.

TARGET
If the descending wedge is broken up and a trend reversal occurs, the potential for the full development of this figure is from + 160% to + 830%.

It must be understood that after a wedge resistance breakthrough, the price may not immediately go into an uptrend, but into lateral movement, thereby forming an accumulation channel, as a rule, they have a step of 30-50%. But a miracle V reverse reversal may occur and immediately into an upward trend movement (less likely scenario).
Comment: There is a breakdown of the downtrend wedge. Now rollback after the breakdown.
Trade closed: target reached: Movement after breaking a downtrend wedge
1) + 27%
2) + 41%
Trade closed: target reached: +27 +90%
Comment: The line of the local uptrend has been broken. The price has returned back to the purchase area.
Comment: Waltonchain ( WTC ) In the shopping area. If the price holds this support, which, after breaking down the wedge , acted as a launching pad for local pumps, then we are waiting for the formation of a reversal pattern of the main trend - a double bottom.

Comments

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