Walton Is Getting Ready To Retrace (Support Levels) for BINANCE:WTCBTC by MasterAnanda

Walton Is Getting Ready To Retrace (Support Levels)

I am looking at Walton (WTCBTC) on Binance and it seems to have formed a double top, multiple signals are pointing to an upcoming retrace...

Feel free to hit like if you want to now, and we can take a closer look at those signals... Thanks a lot for the support.

After reaching EMA300 (gray line) on the 2nd April, WTCBTC quickly retraced. A second try at this level happened yesterday, marking our double top.
We can notice a decrease in volume on the second attempt to break EMA300.
The second high was lower than the first one.
The MACD is also lower and the histogram shows less bullish action.
The RSI is clearly going lower:

These signals are pointing to a retrace for Walton (WTCBTC). I am looking at EMA200 (orange line) and EMA50 (magenta) line as mine support.

Conditions for change: A break and close above the last high with good strength and volume would invalidate the above signals.

Thanks a lot for reading.
Your time and support are truly appreciated.

Namaste.

MasterAnanda

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