WaltonChain WTC March 1st - Technical Analysis - Long Term Target 500-550K (Despite Fake Giveaway, Still Potential)

General Tone: WaltconChain drops 33% after a rigged giveaway
There is no guarantee that we may touch the 145-155K ranges again, as the 5th subwave within this subwave could've been truncated due to a heavily downtrending subwave 3.
Support Range 145K-155K
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Today) - Neutral to Bearish
Long Term Target Prediction - 500K-550K Satoshi

We see WTC missing a 5th wave to complete the C position

There is no guarantee that we may touch the 145-155K ranges again, as the 5th subwave within this subwave could've been truncated due to a heavily downtrending subwave 3. Though another touch in this range could signal a bull rally due to completing the ABC structure.

Let's say we don't touch 145-155K range again for WTC, keep an eye for a break above this trendline which could signal a massive bull rally.

Long term, WTC still has lots of potential based on technical analysis.

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