Hello my fellow cryptocurrency traders... How are you feeling this Friday? I am wishing you a great weekend and start to this beautiful year 2020.
Let's take a look at the Walton (WTCBTC) chart in the long-term, which is the one we have above. We are looking at it on the weekly (W) timeframe, each candle is worth 7 days... Let's take a closer look:
Here we have trading volume increasing.
A falling wedge.
And also the bullish engulfing pattern.
Let's dig in a little bit deeper... The daily (D) timeframe:
Now we can notice a break above EMA10 on high volume.