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jpbrown1023

WTC - Possible Double Bottom, Buy the Breakout (20% gain)

jpbrown1023 Mis à jour   
BINANCE:WTCBTC   None
Trend Analysis Chart Patterns Technical Indicators WTC WTCBTC WTCUSD WTCUSDT
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trendanalysis chartpattern indicator wtc wtcbtc wtcusd wtcusdt
I see a possible double bottom forming on WTC's price action. I can see support on the 4-hour MACD and bullish divergence. There is a yellow resistance trend that I would like to see the price break beyond before buying. I think this would be a good buy signal. A breakout could set up a potential 20% gain before hitting strong resistance in white.
Commentaire:
snapshot
So WTC broke beyond resistance for a nice 10% gain from the bottom at 664. A retrace is to be expected and we got a healthy one at that.The price appears to be holding above the previous resistance trend, which is good news to me. I'm still a buyer here. Possible inverted head and shoulders set up as well.
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