Let's explain this idea by not talking about TA first. Walton is obviously a future top 30 coin. It's similar to Ripple when it started; the team is top notch and it's really underrated right now. The roadmap is really exciting, and they have a ex-Microsoft executive and lots of green crypto flags. So even if WTC doesn't behave like I predicted, just sit and relax, come back in a year or two and be a millionaire, man.
On the TA side, it's really simple. I'm calling for a trend reversal; it may already be happening today, or in a few days, but WTC will do very good in the upcoming weeks, without looking at any events or fundamental stuff.
It's breakout out on the 4 hr, and I believe the breakout might not be done yet, and on the daily chart, RSI is getting oiut of the oversold zone; MACD is looking at a positive cross and to my mind ADX will start to print some green after a small rebound on the 0 line maybe.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC 3.79% before investing.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.