WTC (Waltonchain) Downward wedge. Rounded bottom - 2 phase.

Nov 28, 2019

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.

Feb 12, 2020

Note

Feb 12, 2020

Trade closed: target reached

+27 +90%

Feb 12, 2020

Trade active

Mar 9, 2020

Note

The line of the local uptrend has been broken. The price has returned back to the purchase area.

Mar 9, 2020

Note

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.

May 27, 2020

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Support has been broken. There was no good entry point to the market.

May 27, 2020

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