WTC (Waltonchain) Downward wedge. Rounded bottom - 2 phase.
Updated
WTC (Waltonchain) Downward wedge. The price is almost in the corner. A rounded bottom is forming, perhaps we are now in the second phase of the formation of this formation. Lateral movement exists for 84 days, almost 3 months.
The potential the rounded bottom to resistance is huge + 260%, this coincides with the third target the figure - a downward wedge. Perhaps the combination and transition of the patterns of a falling wedge and a rounded bottom will become trend reversal patterns.
Wedge target: + 70%, + 150% + 260%. All levels are shown on the chart.
Log on a breakout of a pattern, or rollback after a break, depending on your trading strategy.
Stop Loss under a downtrend wedge, but a large% comes out. The coin is highly volatile due to weak liquidity. Exit - the correct entry point and Stop Loss movement as the coin grows, given the volatility.
The potential the rounded bottom to resistance is huge + 260%, this coincides with the third target the figure - a downward wedge. Perhaps the combination and transition of the patterns of a falling wedge and a rounded bottom will become trend reversal patterns.
Wedge target: + 70%, + 150% + 260%. All levels are shown on the chart.
Log on a breakout of a pattern, or rollback after a break, depending on your trading strategy.
Stop Loss under a downtrend wedge, but a large% comes out. The coin is highly volatile due to weak liquidity. Exit - the correct entry point and Stop Loss movement as the coin grows, given the volatility.
Comment
Trade closed: target reached
Trade active
Comment
The line of the local uptrend has been broken. The price has returned back to the purchase area.
Comment
Waltonchain ( WTC ) In the shopping area. If the price holds this support, which, after breaking down the wedge , acted as a launching pad for local pumps, then we are waiting for the formation of a reversal pattern of the main trend - a double bottom.
Comment
Support has been broken. There was no good entry point to the market.Comment
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