WaltcoinChain (WTC): 118% Profit in less than Two Months! Is There a Bullish Setup?

SUMMARY

On March 16, I analyzed WaltonChain (WTC/USD) as undergoing a complex sequence correction ash shown by the WXYXZ labels. This was combined with a downward wedge pattern, which made it more bullish. The overall ABC correction had been an expanded flat (3,3,5) type.

On April 16, the below chart with all its subwves were used in combination with the MACD to project a sizable breakout from the bullish wedge pattern.

Currently, price has risen 118% from the pre-breakout level and its initial impulse rise is not yet complete. A 118% return in less than two months is not too shabby. Of the blue impulse waves, 1,2 and 3 are likely complete. There is a chance that 3 is still much higher. Note the MACD..it hasn't even broken out yet, while price has risen 118%!! What kind of a bullish setup could this provide?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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