AB_Trading-Intelligence

EWT Coming Back From The Dead?

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KUCOIN:EWTUSDT   Energy Web Token / Tether
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ANALYSIS:

EWT has finally broken it's bearish trend, and showing signs of life. After hitting a .75 retracement, it seemed EWT would enter a phase of consolidation before taking a stride to the upside. However, with EWT hitting 0.38 fib retracement with strong momentum, it is very likely EWT can re-test the 0.618 and beyond. Moreover, as more partnerships like OCEAN, Solaria Australia, and Polkadot draw more connections to the rumored partnership with Tesla, EWT can see positive price action on hype alone. Especially coming form such a low position.

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