Walton Falling Wedge & Bullish Divergence | 500%+ Ahead!
Walton (WTCBTC) is breaking out of a huge falling wedge that started with the April 2019 price peak... We are starting to see some early signals of bullish action developing.
I am seeing strong bullish divergence showing up on both the MACD and RSI.
Remember that this signal is stronger when it shows up on both indicators.
Additional details are shared on the chart.
Note: Walton (WTCBTC) can continue falling. If you decide to trade remember to always have a plan and use a stop-loss. If the daily/weekly candle closes below 0.00000774, the above signals become invalid and WTCBTC can easily move lower. Trading above this level keeps the bullish potential.
Thanks a lot for reading.
Namaste.
I am seeing strong bullish divergence showing up on both the MACD and RSI.
Remember that this signal is stronger when it shows up on both indicators.
- EMA10 has been broken on the daily timeframe, here we are looking at 2D (2 days or 48 hours per candle) and EMA10 is being challenged as I write this.
- Trading volume is starting to increase and will produce the biggest volume bar since June... Buyers are coming in.
Additional details are shared on the chart.
Note: Walton (WTCBTC) can continue falling. If you decide to trade remember to always have a plan and use a stop-loss. If the daily/weekly candle closes below 0.00000774, the above signals become invalid and WTCBTC can easily move lower. Trading above this level keeps the bullish potential.
Thanks a lot for reading.
Namaste.
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