Long
WTC breakout
Waltonchain WTC is currently ranked at 53 in CMC,with 25M circulating supply.
WTC reached its all time high in Jan28 and then entered the correction phase.It has a strong support @0.00123 which is the 0.786 fib level.It bounced from this level today and brokeout off the falling wedge.RSI is now in oversold region in 4h timeframe.I'm expecting it to retest the top of the wedge @0.0013-0.00135.Red lines are the targets.Secure your profits at those levels.
Other lines are keylevels for daytrading purpose.I've added an example for such breakouts in comment section.
Recommended buy zone 0.0013-0.0014
Targets
0.00178
0.00245
0.00316
WTC reached its all time high in Jan28 and then entered the correction phase.It has a strong support @0.00123 which is the 0.786 fib level.It bounced from this level today and brokeout off the falling wedge.RSI is now in oversold region in 4h timeframe.I'm expecting it to retest the top of the wedge @0.0013-0.00135.Red lines are the targets.Secure your profits at those levels.
Other lines are keylevels for daytrading purpose.I've added an example for such breakouts in comment section.
Recommended buy zone 0.0013-0.0014
Targets
0.00178
0.00245
0.00316
Trade active
Note
Reached Target 1
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.