BINANCE:WTCBTC broke out of a long consolidation triangle, and is changing trends upward. Waltonchain is an IoT and RFID blockchain play with a working demo and large team, with expected updates Feb 2018. Long
Interesting formation on the chart.
It's about to draw a inv head and shoulders after resistance turned into support. What I would like to see next is a volume breakout over the 30 day average, thats missing for now.
Building small position and adding on breakout of the inverse head and shoulders pattern.
Walton about to have another nice ride. the 4 hour MACD just crossed on increasing volume
Take profits in Zones A B and C,
Or hodl for long as this is a great coin
WTCBTC making an inverted head and shoulders pattern and bullish reversal confirmed on a daily close above the 0.382 Fibonacci retrace level at 997890 sat is a bullish reversal
Tested a clear resistance point at a psychological resistance of 100k sats three times already. Fourth time is the charm, especially as MACD is crossing up.
Interesting fundamentals as well, as WTC seeks to integrate RFID with blockchain for better supply chain management
Another internet of things coin with a great potential.
All TA is supported by some great upcoming news on beta wallet testing.
coinmarketcap.com
It is advisable to place orders once upper resistance within the pennant is broken.
Good luck!
WTC has some roadmap milestones coming up soon.
I can't decide what can happen to this coin.
Confusing me with a failed CUP and Handle.
Its just touching the buy zone.
RSI looking up, a positive sign.
DYOR
Been in this downward trend since September 2017 (over 3 months now) and it's looking like it's coming to an end.
Looking for it to break out of the triangle with a strong green candle alongside strong volume!!
Also this project has a working product in China. Look for a STRONG move soon!
Walton has recently discussed masternode implementation in the near future, which makes me very bullish. I think masternode, privacy and lighting network are going to be huge this year. IMHO Walton is going to be a solid long term hold, especially if you're looking for passive income and want a masternode. I believe its 5000 for a MN with a 19% return per year...
