AlanSantana

Walton Falling Wedge & Bullish Divergence | 500%+ Ahead!

Long
BINANCE:WTCBTC   None
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.

  • 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.

🔥 New Pricing: Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)

🔝 Altcoins & Bitcoin Charts! (Special offers & discounts)
t.me/alansantana1111

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

Idées en relation

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.