Energy Web Token is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector. Technical-wise; after the impulse wave ended, EWT entered a corrective phase and still going down. It seems a downtrend channel is formed and have to wait for the price to break this channel first. Also, there is a horizontal support/resistance area which price will probably react to it.
Note
Let's see if EWT can break the channel's upper line. If successful, the first obstacle on its way up is the horizontal resistance area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.