Walton is looking to break the downtrend! All indicator are in the green for a run! Breaking out and at the same time crossing 100MA is a strong signal for further upward movement!
I do not have a good language to explain what I see. I love to share with others what I do so I tried to explain everything with drawing.
Translated by google Haha :)
Greetings to everyone
WTC seems to have broken out from a long term descending triangle.
I have not been up to date with fundamental news from this coin, so I have no idea at this stage what is happening behind the scene - this is purely a T.A. that was requested from a follower.
MACD appears to be in a good place
RSI looks ok
Weis indicator suggests WTC is a buy with positive volume...
I am sharing my first idea which is mostly based on FUNDAMENTAL analysis, rather than chart analysis. I coupled it a bit with TA.
This coin, trading on binance, has had an incredibly hype which endured several FUD phases that got proven wrong over and over:
-1st FUD Wave : ICO scam, badly written white paper in english
-2 : Chinese government ICO bans
-3 : Delay...
