Waltonchain looks like it might get a bit of a bounce by springtime... the fibo fan shows the decrease in bearish momentum, the horzontal fib shows there the cycle should reverse, and we also see lots of volume showing on the vpvr at the 0.236 fibo trendline which could indicate a bottom, but we are still yet to see any real upwards direction.
If the price can break above the moving average resistance then i expect it may try to test the 0.382 to 0.618 fibonacci zone, but personally I would not trade below the moving averages.
Not an expert, not financial advise
Biffy
If the price can break above the moving average resistance then i expect it may try to test the 0.382 to 0.618 fibonacci zone, but personally I would not trade below the moving averages.
Not an expert, not financial advise
Biffy
Kommentera:
bottoming out?
