Walton is a coin I've been accumulating for a while now, a decision based on fundamentals and a nice-looking chart. I'm not here to talk your ears off about fundamentals today, so be sure to Do Your Own Research. Because I'm in this as a fundamental play, I'll be holding this one for at least the medium-term to see where the Walton team's project takes us.
Walton came out of the gate last night with a new all-time high on the BINANCE:WTCBTC pair. My next target on this stop is the 2.618 fibonacci extension at ~0.0046, although I'm not planning on selling any Walton for
BTCUSD
.
Since the recent Ethereum rally began, I have been hunting for coins that are showing strength relative to
ETHUSD
. BINANCE:WTCETH recently took up the challenge, breaking a descending trendline that has been respected since October.
Speaking of the rarity of coins in an uptrend against Ethereum, it has been even tougher to find a coin showing strength against
BNBUSDT
. Walton shows no trepidation here either, with massive volume bringing BINANCE:WTCBNB on a path to leave the descending pitchfork, into the kumo for an already-completed edge-to-edge play, and notably bringing the chikou above fractal resistance. If we get a kumo breakout through the flat-top of the cloud, we could see a nice continuation of this rally even relative to BinanceCoin's crazy tear.
I don't currently have premeditated price targets where I'll be scaling out of this token for the reasons I've expressed above, but it looks like the uptrend is just resuming.
Walton came out of the gate last night with a new all-time high on the BINANCE:WTCBTC pair. My next target on this stop is the 2.618 fibonacci extension at ~0.0046, although I'm not planning on selling any Walton for
BTCUSD
. Since the recent Ethereum rally began, I have been hunting for coins that are showing strength relative to
ETHUSD
. BINANCE:WTCETH recently took up the challenge, breaking a descending trendline that has been respected since October. Speaking of the rarity of coins in an uptrend against Ethereum, it has been even tougher to find a coin showing strength against
BNBUSDT
. Walton shows no trepidation here either, with massive volume bringing BINANCE:WTCBNB on a path to leave the descending pitchfork, into the kumo for an already-completed edge-to-edge play, and notably bringing the chikou above fractal resistance. If we get a kumo breakout through the flat-top of the cloud, we could see a nice continuation of this rally even relative to BinanceCoin's crazy tear. I don't currently have premeditated price targets where I'll be scaling out of this token for the reasons I've expressed above, but it looks like the uptrend is just resuming.