Walton (WTC) Is This The Top? (Binance coin)Walton (WTC) Chart Analysis
The daily chart looks pretty good but WTC might be running out of steam. This coin is #39 in the Top100 cryptocurrencies by market cap. A very strong coin.
Walton (WTC) reached a new all time high yesterday on Binance @ 0.00345. After reaching a new all time high we normally retrace. Let's see what the charts have to say.
>>> Analysis
- Today's candles looks like a classic retrace. To know if this will be just a small retrace or a correction we will need more time.
- The indicators are on the bullish zone but turning bearish (curving down), which is an indication of loss of momentum. This is true for the MACD, RSI, STOCH, DMI & OBV.
- On the shorter time-frames, 1h, 2h and 4h charts, the retrace is already underway, but it doesn't look like a correction, so far it looks like a retrace with a support found, where we can accumulate for another run up (another test of the last all time high). This of course can change anytime as this information is based on 1-4 hours candles, so these signals vary very often.
- The weekly chart is bullish, but the candles are telling me that some consolidation is needed. Not enough information for the indicators but things are good overall.
>>> Notes for trading WTC
If I was looking at this coin from the sidelines, I would wait to see when a strong support is found. You can look for this on the 4hours chart or any chart you enjoy for a period of several days.
If I were already in this coin, I would be selling good portions of my stack, specially depending on my buy in price. With a 500% increase in the last 20 days, a retrace is something completely normal and even expected.
Use this information to your advantage. This chart is young, right now anything is possible, so trade at your own risk.
Thanks for reading.
Namaste.
P.S. I hope you enjoy this trade idea.
WTCBTC
WTC short term ideaWTC has been testing the 0.003 level a few times in the last period after making higher lows. This ascending triangle is a bullish signal and if WTC is able to break the 0.003 resistance, this could be the start of a very nice move upwards. With a breakout there are always two options;
1) Buy the breakout.
2) Wait for consolidation and then enter the trade.
With option 1 you are certain that you entered the trade, but there is always the risk for a false breakout.
My preference goes to option 2, because it is less risky. Usually after a breakout we see an initial move upwards, followed by a retest of the previous resistance area, that now turned support. If this support holds, that is a very bullish signal and that is where I will enter the trade. The downside of this strategy is that sometimes you miss big moves upward that do not come back to the previous resistance area, but the great benefit is that the risk of a false break out after retesting the previous resistance is very low.
Let's see what Waltonchain does!
WTCBTC Long 70% ROIWaiting for upside break. Coin has hype so expect to overshoot target. Will watch volume at break. Stop shown.
WTC/BTC Cup&Handle - 1/17/18- Depending on BTC's price a volatility, WTC fluctuations will vary.
- Bollinger Bands have widened, breakout expected, either bullish or bearish.
- RSI currently at 69.42, nearing overbought territory. If RSI surpasses 70, WTC becomes overbought.
- MACD showing new trend breakout, could be the formation of the handle.
Walton Cup&Handle? Sure looks like it, your thoughts?
Waltonchain (WTC) Likely to dip before continuing uptrend.In my opinion we could see a retrace back towards the 0.618 Fibonnaci level before we see a continue upwards. Be prepared to buy the dip if you want to. Follow and like for updates.
Walton breaks out to the upside Walton is a coin I've been accumulating for a while now, a decision based on fundamentals and a nice-looking chart. I'm not here to talk your ears off about fundamentals today, so be sure to Do Your Own Research. Because I'm in this as a fundamental play, I'll be holding this one for at least the medium-term to see where the Walton team's project takes us.
Walton came out of the gate last night with a new all-time high on the WTCBTC pair. My next target on this stop is the 2.618 fibonacci extension at ~0.0046, although I'm not planning on selling any Walton for Bitcoin .
Since the recent Ethereum rally began, I have been hunting for coins that are showing strength relative to ETHUSD . Walton recently took up the challenge, breaking a descending trendline that has been respected since October.
Speaking of the rarity of coins in an uptrend against Ethereum, it has been even tougher to find a coin showing strength against BNB . Walton shows no trepidation here either, with massive volume bringing WTCBNB on a path to leave the descending pitchfork, into the kumo for an already-completed edge-to-edge play, and notably bringing the chikou above fractal resistance. If we get a kumo breakout through the flat-top of the cloud, we could see a nice continuation of this rally even relative to BinanceCoin's crazy tear.
I don't currently have premeditated price targets where I'll be scaling out of this token for the reasons I've expressed above, but it looks like the uptrend is just resuming.
$WTC looking to go for a run!Watch $WTC in this long-term bullish, flat-top ascending triangle...$WTC has tapped the bottom of the triangle 3 times which usually hints at the next up-tick could break the triangle. It could run for at least 29% to the top of the channel and if it breaks the resistance, much higher.
Waltonchain (WTC) looks good longBINANCE:WTCBTC broke out of a long consolidation triangle, and is changing trends upward. Waltonchain is an IoT and RFID blockchain play with a working demo and large team, with expected updates Feb 2018. Long
The next VEN? WABI/MOD/WTC Dear investors and traders,
We have shipping and logistics coin VEN/VET popping off ($1.3bn MC), now we're looking at WABI & MOD (~$150mn MC) to rise up. WTC (~$360MC) Masternodes incoming in February so that's also looking prime!
These coins have been trending and building upwards momentum for a while now. All three coins are announcing major partnerships in the upcoming months:
MOD - $5bn logistics partnership with big pharma
WABI - Chinese partnerships strong
WTC - Masternodes + strong tech
Arguably all three are solid picks and are all likely to be the next to be recognised for their potential in the shipping space. They each fulfil a niche and look strong in their respective space.
I've chosen to invest in all three with WABI, MOD, WTC in equal bag sizes.
JYS
Watching WTC for a Breakout above 100kTested a clear resistance point at a psychological resistance of 100k sats three times already. Fourth time is the charm, especially as MACD is crossing up.
Interesting fundamentals as well, as WTC seeks to integrate RFID with blockchain for better supply chain management
$WTC finally broke the falling wedge and is breaking out!Walton is pumping hard on the 4 hr chart is getting ready for that all so sweet moon cross of moving averages! The 7ma is crossing the 77ma!
WTCBTC - ConfusingWTC has some roadmap milestones coming up soon.
I can't decide what can happen to this coin.
Confusing me with a failed CUP and Handle.
Its just touching the buy zone.
RSI looking up, a positive sign.
DYOR
Walton Coin About To Break Its Downward TrendBeen in this downward trend since September 2017 (over 3 months now) and it's looking like it's coming to an end.
Looking for it to break out of the triangle with a strong green candle alongside strong volume!!
Also this project has a working product in China. Look for a STRONG move soon!
Walton $WTC long Walton has recently discussed masternode implementation in the near future, which makes me very bullish. I think masternode, privacy and lighting network are going to be huge this year. IMHO Walton is going to be a solid long term hold, especially if you're looking for passive income and want a masternode. I believe its 5000 for a MN with a 19% return per year (950 coins a year). With Waltons fairly low MCAP of 275M (rank 104CMC) it has huge potential of x5-x10 this year.
WaltonWalton 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!