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 --> 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
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