Long
Waltonchain - WTC - Bullish Potentials
A requested look at WTC.
Looking at the WTCUSDT in the Logarithmic scale and a clear upward impulse Elliott Wave is seen. A wave count seems to confirm WTC is in its final Primary Wave 5 with some targets manifesting along the Fibonacci channel for early December. If it returns to the 1x resistance line, as it has for each other primary wave peak, then $12 seems possible.
What do you think? Where will WTC peak?
Share your ideas in the comments.
Looking at the WTCUSDT in the Logarithmic scale and a clear upward impulse Elliott Wave is seen. A wave count seems to confirm WTC is in its final Primary Wave 5 with some targets manifesting along the Fibonacci channel for early December. If it returns to the 1x resistance line, as it has for each other primary wave peak, then $12 seems possible.
What do you think? Where will WTC peak?
Share your ideas in the comments.
Note
A re-interpretation of this chart to make it more consistent with Elliott Wave theory regarding 4 being above 1, would look like this:But this really suggests an all time high in mid-2022.
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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.