$NEWT
Ready to break out, my friend?
#Newt on the daily timeframe is currently testing a breakout above the descending trendline that’s controlled price action since early July.
Price: 0.04641
Higher lows forming around 0.0430, with buy volume steadily increasing, clear signs of accumulation.
A convincing daily close above the trendline would target 0.080 – 0.085.
Invalidated if price breaks down below 0.04.
What do you think...breakout loading?
Ready to break out, my friend?
#Newt on the daily timeframe is currently testing a breakout above the descending trendline that’s controlled price action since early July.
Price: 0.04641
Higher lows forming around 0.0430, with buy volume steadily increasing, clear signs of accumulation.
A convincing daily close above the trendline would target 0.080 – 0.085.
Invalidated if price breaks down below 0.04.
What do you think...breakout loading?