AlanSantana

Walton Is Getting Ready To Retrace (Support Levels)

Corto
BINANCE:WTCBTC   None
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.

🔝 100,000+ Altcoins & Bitcoin Charts!
t.me/alansantana1111

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

➖ If you now enjoy the content, please consider support below...
👉 lamatrades.com (Since 2017)

Ideas relacionadas

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.