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Rounded Bottom pattern idea for $WTC against BTCThis is a personal research and idea for investment. DYOR and TIT... This is WaltonChain $WTC coin against BTC pair on a daily chart. ABBREVIATIONS Rounded Bottom (RB) Parabolic Curve Theory (PCT) Price Action (PA) BTC ( Bitcoin ) T/K (Tenkan/Kijun Blue/Yellow lines) Sats . (Satoshis) :::DISCLAIMER::: This is a mid-term pattern that probably will develop exponentially growing price action as it starts to close. It fails to meet basic conditions to call it a PCT structure as is the lack of ranging on key Fibonacci levels and also not finding decreasing range action nor increment in impulse moves as it works its way up to close the RB. As I'm looking at this chart and describing my idea I'm very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action wonder outside the confines of the pattern invalidating or at least demanding a reassessment of the idea. TIME/PRICE PROJECTION Pattern start: Late-Aug 2020 Estimated end: Mid-June 2021 (1 month from publishing) Price tag at time of publishing: 3,524sats. Expected price tag at end of pattern: 6,460sats. Safe trailing take profit area: Recommended trailing take profit at 6,1sats. TECH INDICATORS Ichimoku indicators: -Bearish moment with Kumo cloud suggesting a slow squeeze of Senkou Span A and B. No visible slope indicates possible consolidation period. - PA inside Kumo, suggests a no trade situation momentarily. - Bullish T/K crossup 2 days ago from this publishing. - Chikou lagging span buried inside PA is bearish. Parabolic SAR indicates bullish trend, but the majority of Ichimokus native indicators confirm otherwise. PA has lacked to plot a new higher high therefore making this a high-risk trade IMO. There are a few bullish indicators suggesting that a drop and break out of pattern is still possible. Trade at your own risk... NEWS CATALYSTS AND BTC VOLATILITY No major news upcoming this year related to coin. Seems affected by BTC dips. EXPECTATIONS I expect a completion of the pattern if BTC doesn't pull PA out of pattern. If it does, this idea may need to be revisited. FINAL NOTE Drawing may need some minor adjusting as the pattern develops.
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by AponSOKS1978
WALTONCHAIN - TIMES 2 - BY JUNEOf course this looks too good to be true BUT THE PATTERNS ARE SELDOM WRONG AND OFTEN SYMMETRICAL. Coincidence this time? Maybe AltSeason;s starts already this year. Pardon my French: ON VERRA (WE WILL SEE) If you ask me: NO DOUBT THE ONLY WAY IS UP. FOR NOW AND MINIMUM 3 MONTHS BUT PLEASE STAY CAREFUL BE ON THE OUTLOOK. THINGS CAN GO SOUTH QUICKLY and if they go south in crypto THEY GO HELLSIDE. DYOR CHECK IN DAILY MUCH MONEY TO BE MADE. WISH YOU ALL THE BEST
WLong
by kkrypto.be
🆓Waltonchain/USDT Analysis (4/4) #WTC $WTCWTC had conquered the 1.6$ zone in March and at the moment, it is testing this zone again. If successful, it will have a big rally up to 2.4$ and 3.2$ in this April. If not, it will keep moving down to 1.2$ zone at mid April 📅EVENTS No News 📈BUY -Buy: 1.56-1.64$. SL B 📉SELL -Sell: 2.4-2.5$. SL A -Sell: 3.1-3.2$. SL A ♻️BACK-UP -Sell: 1.56-1.64$ if B. SL A -Buy: 1.17-1.23$. SL B ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
WLong
by CryptoStation
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