On this 1 Hour chart we can clearly see sideways movement for Waltonchain Token, from 09:00 on 7th November this morning the Volume was around 62K, when now (00:30), at the current moment we have a Volume of less than 4K. Two hours later at around 11:00 it hit the minimum expected Top around - 0.0004840 as the Bollinger bands indicates. From there on, until the current moment, as already mentioned we are in a Sideways movement.
Let's take a look at some more details that give me the positive feeling of an Uptrend coming in those 2/3 days.
RSI is currently sitting around 46-47 levels and that's going around from the moment, when we had the maximum Volume for the day (09:00 - 62K - Volume)Buyers couldn't break thru the indicated Resistance 1 line - around 0.0004855, but also Sellers couldn't break the Support 1 line - around 0.0004740.
MACD interestingly forming an uptrend movement, coming to the moment where the 2 averages will make an X and with a bit more volume will break UP as I am expecting to happen in the following days.
My feelings is that positively we can see a minimal break at Resistance 1 line - around 0.0004855
Next level would be Resistance 2 line - around 0.0004940
With a lot of Volume and a green market why not Resistance 3 - around 0.0005050
This analysis is created on a short term basis, analysis could go this scenario in the coming 3 days.
This is not a financial advice or any kind of financial advice.
Let's take a look at some more details that give me the positive feeling of an Uptrend coming in those 2/3 days.
RSI is currently sitting around 46-47 levels and that's going around from the moment, when we had the maximum Volume for the day (09:00 - 62K - Volume)Buyers couldn't break thru the indicated Resistance 1 line - around 0.0004855, but also Sellers couldn't break the Support 1 line - around 0.0004740.
MACD interestingly forming an uptrend movement, coming to the moment where the 2 averages will make an X and with a bit more volume will break UP as I am expecting to happen in the following days.
My feelings is that positively we can see a minimal break at Resistance 1 line - around 0.0004855
Next level would be Resistance 2 line - around 0.0004940
With a lot of Volume and a green market why not Resistance 3 - around 0.0005050
This analysis is created on a short term basis, analysis could go this scenario in the coming 3 days.
This is not a financial advice or any kind of financial advice.