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WTC Challenging Upper Range
Waltonchain is a chart to watch over the next few days as we approach important resistance.
EMA's are acting as support on this uptrend and we've seen a bullish cross of the 12 and 26 day. Increasing volume. RSI is approaching oversold but if we pull back in the next couple of days before challenging that upper range resistance level it will likely bring it back under 70.
If that red resistance is broken there is a lot of room before hitting any areas of recent price action.
Certainly a coin I will be keeping an eye on over the next week or so.
There are a lot of alt coins with somewhat similar looking charts with many approaching upper range levels with a ton of room to fly. It pretty much comes down to what Btc does. If bitcoin can break that 4200ish level then we just may see a little alt season.
If Wtc fails to break resistance we can expect further consolidation. If btc drops we look at the bottom range level as support.
EMA's are acting as support on this uptrend and we've seen a bullish cross of the 12 and 26 day. Increasing volume. RSI is approaching oversold but if we pull back in the next couple of days before challenging that upper range resistance level it will likely bring it back under 70.
If that red resistance is broken there is a lot of room before hitting any areas of recent price action.
Certainly a coin I will be keeping an eye on over the next week or so.
There are a lot of alt coins with somewhat similar looking charts with many approaching upper range levels with a ton of room to fly. It pretty much comes down to what Btc does. If bitcoin can break that 4200ish level then we just may see a little alt season.
If Wtc fails to break resistance we can expect further consolidation. If btc drops we look at the bottom range level as support.
Nota
Failing exactly at the lower high resistance.Now looking to test support of the green trend line.
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