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Descending Channel on Walton and Bitcoin pair

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A descending channel trend is developing in the pair of cryptocurrencies Walton and Bitcoin. As de price is near to reaching another maximum point, we recommend waiting for it to break the top dashed line and placing a short position on the pair at approx. 0.0001920. To stop any possible loss, if the price continues upwards, a loss stop position is to be placed near 0.0001941, and the take profit at 0.0001854 following the width of the channel. The placement is considered as the Risk Ratio is 3.14.

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