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

11 Okt 2019

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.