Approximately two hours ago, Waltonchain, the organization behind the Walton coin tweeted [source]:
"For clarification, Waltonchain and the China Mobile IoT Alliance agreed to work together and are finalizing the details of the official partnership. We are very excited for this opportunity. Stay tuned for more to come!"
This announcement triggered a return of the bulls, instantly driving WTC's price up around 20% in the WTC:BTC pairing.
Looking at the chart now it seems as though a bullish penant is forming on the 15m scale, which may indicated a shot upwards in the very near future.
Below is the chart of WTC five minutes ago:
And this is the traditional pennant TA signal: (right side)
And again, one more time.
Looking at the depth charts shows a narrowing of the spread as well. Thus I surmise a climax may be imminent.
I have picked up some WTC for myself, and am sharing so you may decide if you would like to do the same.
Disclaimer: These are my opinions and should not be taken without proper analysis and weighing of cost-benefit. I void all responsibility for any loss or gain that may result from following my writings, although I will be executing according to what I have written. Best of luck to us all.
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