Long
Walton vs USD (& BTC) - My pick for the next 10 days
As a new week begins I like to trawl through the charts on high volume exchanges and identify any potential opportunities. Walton appears to be one of them. They don't occur every week for sure, but when they do...
On the 1-day chart above price action appears to have found support on the 21-day moving average following confirmation of support on the 50-day & 21-week moving averages (see weekly below). When we have a coin where price action sits above all the common moving averages (even 10-day) I'm particularly bearish (as is with many at the moment including Ethereum); here with Walton the picture is quite the opposite, oversold.
Last week's candle on the weekly chart printed a good candle with strong buying pressure forming a Dragonfly DOJI. Furthermore support on the 21-week moving average (yellow line) appears to be confirmed following the two previous failed attempt since Spring 2019.
1st Target $1.10 or 210% from current levels.
On the 1-day chart above price action appears to have found support on the 21-day moving average following confirmation of support on the 50-day & 21-week moving averages (see weekly below). When we have a coin where price action sits above all the common moving averages (even 10-day) I'm particularly bearish (as is with many at the moment including Ethereum); here with Walton the picture is quite the opposite, oversold.
Last week's candle on the weekly chart printed a good candle with strong buying pressure forming a Dragonfly DOJI. Furthermore support on the 21-week moving average (yellow line) appears to be confirmed following the two previous failed attempt since Spring 2019.
1st Target $1.10 or 210% from current levels.
Trade active
A good moment to accumulate as price action lands on past resistance.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.