A trading opportunity to buy in WTCETHTechnical analysis:
. WALTON/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0100 to 0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0100)
Ending of entry zone (0.0073)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0131
TP2= @ 0.0147
TP3= @ 0.0167
TP4= @ 0.0195
TP5= @ 0.0233
TP6= @ 0.0307
TP7= @ 0.0395
TP8= Free
Waltonchainethereum
Bullish Divergence on $WTC. How High For Scalp?If you enter with proper entry from recent dead cat bounce, $WTC must've gave you at least a 2Xs or 100%+.
No doubt Walton Chain is one among many great token projects until this day, with only 70 mils total supply and 40 mils ciculating supply $WTC aim to be useful in commercial use. For example last partnership with Dongdaemun Fashion Town Tourism Zone (www.dft.co.kr ) in South Korea to implement Waltonchain's Blockchain + RFID solution in the field of retail distribution, logistics and store management.
As today, we're still in a great season of bear market but still, it shouldn't stop you making profit. All you need is a good entry which having high probability you win on R:R or don't enter at all and save your money for another day.
That day is today, I see a bearish divergence both on WTC chart both in Bitcoin and BNB pair. So, i wanted to use BNB right now because i don't want to be mainstream.
Last time the price action trying to enter the cloud but it got rejected and here we are today, it seems like it will trying to break it again. RSI level and PA showing a quite delightful bullish divergence with RSI level still on 40 or below, which it's quite tempting. Plus so many wicks on price actions on few recent candles showing there are some rejections if we go downward a bit. Well, it supposed to bounce before we go below.
Remember, this alt price also linked to Bitcoin price, so be careful either. 15% target max here with the current condition.
WTCETH , weekly update: Total profit 12367 in 1 day.WALTON/ETHEREUM
Total Profit: 12367 Profit
Closed trade(s): 1291 Profit
Open trade(s): 11076 Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.026009 (day close price) based on 2-day reversal candle ( 2-day Hammer ) at 04.02.2018 .
Closed Profit:
TP1 @ 0.0273 touched at 04.03.2018 with 1291 Profit.
Open Profit:
Profit for one trade is 0.028778(current price) -0.026009(open price) = 2769
4 trade(s) still open, therefore total profit for open trade(s) is 2769 x 4 = 11076
Take Profit:
TP2= @ 0.0307
TP3= @ 0.0353
TP4= @ 0.0395
TP5= @ Free
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (0.0244to 0.0207), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index ( RSI ) is 57.
.Current short-term is range bound and beginning of uptrend is expected.
.All SLs moved to Break-even point.
