Syed Fahaam Ali Jaffery

Pump or Manipulation?
Recently, $WCT has shown strong upwards momentum in 15 minutes chart. The MACD is rising amidst the downfall of crypto market, so what does this mean?

My Analyst So Far:
The coin has shown a pretty good recovery after hitting it's bottom of 0•44, expressing the market in oversold condition below 10 in RSI's 1 hour chart.

Furthermore, the huge amount of shorts were liquidated after the potential reversal, which means their is highly likely that new investors are charging the game again, and whales are likely to manipulate the market one more time which can result into great rebound from the mark of current price.

The bearish sentiment is getting weaker in 15 minutes chart, indicating a strong bullish momentum and the buyers are stepping once again. If WCT doesn't break below 0•44 support level, then their are 80% chances of potentially strong bullish market ahead.

Things to Notice:
- Keep a keen eye on RSI.
- Watch out for the support level of 0•44 and 0•37.
- As always don't put all eggs in one basket, save some backup investment, and have patience.
- Watch out for the investment volume.
- Always notice MACD in 15 minute and 1 hour chart.

I hope everyone is having a good day. This is my analysis so far, and I hope it will be helpful for everyone, thank you.

#WCTToken

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Altcoins Crashing:
Reason panic selling + whales greed.
Greed will always result in loss, taking baby steps by setting a target can result into confidence building. Making task easier for intra-day trader, most whales manipulate trustworthy market like WCT as everyone knows the credibility, services and importance WalletConnect brings to everyone.

Just a Crash or Rugpull:
What's next? $WCT might have crashed but has a higher chances of gains and will stay bullish for next 2-3 months, a trustworthy coin never dumps to new bottom after 3 lows, avoids breaking the value of issued price.

However, for a long-term investor, WCT coin is an opportunity for whales as well, it primarily focuses on connecting dApps and decentralized tokens to whales financial institutions, that can help the team scaling it's network bringing huge transactions.

To do lists:
1. Always read articles related to crypto analysts instead of market trends that can fool majority easily.

2. Make sure don't panic sell.

3. Take a deep look at "trading data" section and analyse the sentiment of whales holder.

4. Being critique to any coin is easy, but the long term analysis and whitepaper studies can make you a tough competitor.

In the end, always chin-up yourself and never get disappointed too early, these are never the signs of strong traders.

Thank you! Have a good day everyone.

#WCTToken