EWT Breakout 18$ / Trigger Massive Run--- FUNDAMENTAL ---
Energy Web Token is a Cryptocurrency with massive potential.
It controls the renewable energy grid, the electrical car charging stations and many other.
It has huge collaborations with companies such as: VW, Hitachi, Iberdrola, E-ON, Shell... and many others.
The market has a lot to potential and it's not even in the 100 first market cap.
Just imagine if Tesla, NIO or any other electric car manufactures announces any deal with them.
When this crypto lands in other exchanges it will explode the bull run.
Staking it will be available in the next months.
It is a low carbon cryptocurrency and being adopted in many countries across the world, even the SEC has approved it.
--- TECHNICAL ----
In the past monts it made a beautiful round base before triggering and upside run.
Now is consolidating in a triangular shape or making the handle of the cup, as you wish to analyze it.
It has also a triple bullish divergence.
Enjoy!
EWTUSDT
EWTUSDT analysisTo 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 --> 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
EWT Coming Back From The Dead?My Fellow Crypto Traders,
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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.
EWT PossiBle ShOrT PlaY SetUpEWT struggling w/ the $7.27 resistence region, which has shown relatively solid strength. If $7.27 region flips as support, would shift the short play to the $7.37 region. W/ the current economical gloom of Trump and stimulus, foresure possible short set up is in play. But overall bullish on EWT. Especially w/ its recent partnership w/ XRP.
The most undervalued project, Energy Web Chain, EWT. Hello everyone. I am going to give you a GEM today and you will thank me later!
Energy Web Token (EWT) is a huge project. It has not yet listed on any big exchanges but already got around 277 million dollar market cap that ranks around 55 in coinmarketcap. You should research for yourself about the fundamentals of this project.
I recommend accumulating since it is highly undervalued and you should see how it will pump after getting listed on big exchanges like binance and coinbase.
It will be among the top 10 coins by 2021.
Buy and hodl for mid- to long-term.
The current price at the time of publication is around $9.00 in usdt pair.
Currently, you can trade this token at KUCOIN exchange or store it MetaMask wallet. But I recommend KUCOIN cuz it's easier.
Good Luck.
Energy Web Token + simple TA.Hello again, I like to bring you something from DeFi.
Today, it will be EWT, actually rank 52.
It's not yet listed at many exchanges with decent total supply.
EWT focuses on building core infrastructure and shared technology, speeding adoption of commercial solutions, and fostering a community of practice.
In 2019 EW launched the Energy Web Chain, the world’s first open-source, enterprise blockchain platform tailored to the energy sector. EW’s technology roadmap has since grown to include the Energy Web Decentralized Operating System (EW-DOS), a “blockchain-plus” suite of decentralized solutions.
If you make a deep DYOR, you can found strong fundaments and connections to Tesla, Berkshire Hathaway, Shell, and list going on...
TA
Since EWT listed on KuCoin. we have yet no too much price action history. So let's see, what could be find at 4H timeframe.
From the end of August, EWT created downtrend regression channel. Every test at the top of channel & MA50 was rejected.
Here isn't displayed the whole chart history of EWT. Strong rally was done from 0.80 usd to 12 usd. There is for sure a much more space to fall down. That's the reason, why my Fibo is reversed and I am staying neutral before something happen .
Energy token made few gaps. 8.26usd is filled, 11.64usd is above. From September 5, EWT started to create low highs and higher lows in symetrial triangle ( pink ) and target could be exactly around gap above at 11.64 usd. It's also near my 382 Fibo level.
For start some uptrend, conditions in a next days are:
- hold around 786 Fibo
- upside breakout from the pink triangle
-get about 50MA (red) = also matching with the golden fibo area
That's all. I will try to update.
*This is not a financial advice.