In log scale, weekly time frame, the bearish trend has been broken in daily price crossing up MA20. THE HIGHLITED REGION IS VERY IMPORTANT TO GET BROKEN, it is a crucial resistance. In for hour time frame, price made some bottoms and preserved energy.
I like this position Walton finds itself in. Looking at the 4-hour chart, Walton has made some nice gains the past couple days and is showing a bullish continuation as it catches support on previous resistance. I haven't committed to this trade because I think BTC is at a key level and could affect WTCBTC's price action with its volatility. But I'll be watching...
WTC/BTC -the price broke above the 200D MA a few days ago -it has now retraced back to the previous resistance zone -this will be its chance to flip Resistance to new support -aggressive buyers will likely enter the green zone support -while breakout traders will patiently wait for a break of 525 top -the upside potential may hit up to 770 sat -stoploss is only...
LONG POSITION. MACD : CROSS BULLISH, BULLS ARE COMING BACK.
WTC / BTC is about to break an importand resistance level which may then turn out to be support.
Break of the ascending triangle to come. we are moving towards past resistances, which should be quickly overcome. WTC has an interesting history of speed increases. It will be easy to make a X2. DYOR.
Signal WTCBTC LONG Open 374, SL 346, TP 587, Risk/Reward: 1/7.61
Self explanatory, Broke out of the falling wedge. Longed here.
WTC/BTC -strong breakout -good fundamentals -RSI hitting 90 level -potential pullback zone at 433 sats -strong sell area at 535 sats -please do not buy the FOMO up -wait for a pullback at immediate support levels
WTC/BTC WTC broke outside the trendline resistance and the RSI has painted a bullish divergence that signals a weakening bearish momentum. If this will be the temporary bottom, we could expect the price to rally up to 570 sats area and have our stop-loss below 320 sats.
Break of the falling wedge pattern. RSI looks about to break as well. Good moment to buy-in.
$WTC huge breakout of the falling wedge! Three white soldiers! If the breakout is legit and the advance continues ( which is very possible in alts current state) there are another +50% until 200MA on 1D!
WTC/BTC WTC broke the key trend-line resistance but immediately rejected by the 50D MA. No red flags yet as the price is still holding above key support area around 500 - 450 sats. I'm WTC can't break through 50MA, a little pullback to key areas would be helpful to continue its potential uptrend in the coming weeks.
Walton is looking very bullish after bouncing off support. I see that the Daily MACD also looks good as it approaches the zero line. I think that WTC has huge potential to grow against BTC here, especially if its MACD moves into bullish territory above the zero line. Just buy and HODL. My target is the resistance trend at the top of this pink falling wedge I have...