EWTUSDT analysis
To keep myself accountable and keep practicing my TA I'll be charting the top 100 crypto's by marketcap over the coming fews days. Any feedback and tips are welcome.
99. Coin = Energy Web Token
Trend: bullish (in upward channel), HH & HL's formed
Events of note:
- Symmetrical triangle formation that has broken down to the upside
- Currently retesting previous swing high & .382fib level as support
Trade idea(s):
- If this holds I expect a retest of the 0.236/W1 Resistance above and a potential move to the upside of the parallel channel [LONG] --> more likely
- If 0.382 level does not hold, retest of W1 support/0.5 fib level and potential 0.618 level to be expected [SHORT]
99. Coin = Energy Web Token
Trend: bullish (in upward channel), HH & HL's formed
Events of note:
- Symmetrical triangle formation that has broken down to the upside
- Currently retesting previous swing high & .382fib level as support
Trade idea(s):
- If this holds I expect a retest of the 0.236/W1 Resistance above and a potential move to the upside of the parallel channel [LONG] --> more likely
- If 0.382 level does not hold, retest of W1 support/0.5 fib level and potential 0.618 level to be expected [SHORT]
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