alanmasters

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

Long
BINANCE:WTCBTC   Walton / Bitcoin
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.
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Comments

Looks like a lovely profitable trade Master. Thanks for sharing.
+1 Reply
Confucius_The_Great Confucius_The_Great
@Confucius_The_Great, The big candle + volume is a really bullish signal.
Reply
alanmasters Confucius_The_Great
@Confucius_The_Great, My pleasure. :)
Reply
LOL
Reply
Is this chart still active ?
Reply
@Kuwaiti, The analysis is still valid.
Reply
hello and bye
Reply
johnymr1 johnymr1
@johnymr1, bye
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