Energy Web Token / Tether
롱

EWTUSDT analysis

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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]

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