EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023

4 нояб. 2023 г.

Logarithm. Time frame 1 week.

Cryptocurrency in coinmarketcap: Energy Web Token.

Of the liquid exchanges, it is traded on KuCoin, Kraken (USA), Gate.io.

Downward channel. At the zone of its meridian a descending wedge has formed in the secondary trend. The percentages to the key zones of support/resistance levels are shown on the chart. It is more rational to work from the average buy/sell price, as we are already in the first capitulation zone.

Decline from the low (liquidity) -93%.
We are in the first so-called capitulation zone.
This is not the maximum value for altcoins of such liquidity.

The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward volatility channel and understanding of market cycles and chart logic, i.e. price movement.

Also shown on the chart are conventionally maximum averaged (from the average price) potential market phase targets (not "one-step" pump/dump due to low liquidity at good times, but specifically trends):

1) "participation" (bullish trend development towards the reset zone, i.e. distribution).
2) distribution..

Capitalization is low. There is no HYIP (the project and the meaning is different), it is not a one-step profit from nothing. Suitable for investment if you understand "who and for what", will or will not be able to realize the intended (not speculation, because it is easier to simply under the "hamster time" given the liquidity) is another matter.



Fundamental basis. That is, what it is and what it is for.

This is a so-called real project. It is not created for cryptocurrency hype and speculation (money from nothing). Until everything is ready, then the price does not matter. In the project previously invested a large capital not speculative, but more far-sighted direction, which is interested exactly in the development of the project's intent in the field of energy and control in the United States in the first place, and not in speculation.

The Energy Web Token (EWT) is the operating token underlying the Energy Web Chain, a blockchain-based virtual machine designed to support and further develop applications for the energy sector. In times of blackout, it will be relevant.

The Energy Web Token is a joint project between Rocky Mountain Institute (RMI) and Grid Singularity (GSy).

Rocky Mountain Institute (RMI) is a leader in research and development in the energy sector. As a renowned think tank, RMI has been involved in many groundbreaking projects in the energy sector. By creating the Energy Web Chain, RMI wanted to harness the decentralized power of blockchain technology to enable participants in the energy sector to develop new decentralized solutions.

Grid Singularity ( GSy ) brought blockchain expertise to the project. As a blockchain developer, GSy was the driving force behind the creation of the Energy Web Chain. Together with renowned experts, key Ethereum blockchain developers, experienced energy executives and energy regulators, GSy was an integral part of the EWT launch.

Given that the Energy Web Chain network is designed for enterprise use, it supports state-of-the-art scalability and data privacy. The Foundation also recently released a comprehensive technology solution called the Energy Web Decentralized Operating System (EW-DOS). This allows users to monitor and manage their electrical systems online.



Line chart to visualize this downward channel and the logic of the wedges in it.




Secondary trend. Downward wedge zone. Time frame 3 days.

4 нояб. 2023 г.

Заметка

4 нояб. 2023 г.

Заметка

29 дек. 2023 г.

Заметка

29 12 2023 nothing has changed during the month, the price is still in the local clamping zone 2,122-2,750. Now at the resistance.

16 мая

Сделка закрыта: достигнута тейк-профит цена

With the 3rd local wave in the trend, the price has reached the dynamic resistance of the descending channel of the zone of levels 2,970-3,553.

Note how earlier took out hard stops and by what %, on both sides of the set zone, thus gathering all liquidity (coins). The percentages are identical to 44.06, as I previously showed in the idea, but from a different zone in this posting). Note that there is nothing on the linear (movement in the liquid zone).

Key momentum now for trend formation. The break of the descending channel (the main trend) and the final exit, or as before, a pullback into the channel canvas. It is rational to exit and pump significantly, as a coin unlike others, for a long time “without interest”. Although everything is "under the market".

16 мая

Сделка активна

15 сент.

Заметка

15 09 2024 From the resistance of the descending channel on the trigger date 17 05 2024, a reversal. Now the price is again in the capitulation zone below historical lows.
Similarly, as before, a descending wedge is formed in the channel. Now the price is clamped in a local rectangle.

A breakthrough of its support is a continuation of the formation of a wedge in the capitulation zone.
A breakthrough of its resistance is a local movement to the resistance of the channel, and there a reversal is already possible through consolidation.

Any purchase of an asset in this designated zone is acceptable from the position of a secondary (conditionally) and main trend (excess profit). This is the zone of cycle price minimums, as with most altcoins. We are in the capitulation zone, that is, extreme negativity and pessimism, that is, in the zone where you need to gain positions, not be greedy, and not listen to the opinion of the majority, which is extremely skeptical before the second alt season (all in the cycle for sure 3, 4 are in question, one has already been).

Completely ignore the news background "scare and save".

Do not waste time looking for something "new" on the price chart in the "market noise". You will not see anything new, and if you see and change your decisions, this will usually be a mistake caused by "someone else's opinion" or "news background".

Reversal and capitulation zones. Due to low liquidity (slippage at the moment by a large %), capitulation zones are conditional on such assets. It is advisable to place limit orders for purchase in advance. The set should always go in parts, distributed in advance, one part can be for a breakout stop, but remember about liquidity.

You shouldn't play with margin on such assets, otherwise they will "shave" due to slippage on "flat ground", and "nobody is to blame".