NEWT/USDT is displaying a super bullish structure with a textbook wave formation. After completing its first impulsive leg (Wave 1) the price entered a healthy correction phase lasting over 25 days retracing approximately 50% a classic Wave 2 retracement.
The recent strong up move marks the beginning of Sub-Wave 1 of the larger Wave 3, which is often the most explosive part of the cycle. Currently, price is stabilizing and holding key levels that NEWT is preparing to complete the full Wave 3 expansion with strong bullish momentum ahead.
The recent strong up move marks the beginning of Sub-Wave 1 of the larger Wave 3, which is often the most explosive part of the cycle. Currently, price is stabilizing and holding key levels that NEWT is preparing to complete the full Wave 3 expansion with strong bullish momentum ahead.
🧠 7+ yrs in crypto | ⚡ Scalp & swing trader | 📊 Price action lover | 🎯 Hunting setups daily
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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.
🧠 7+ yrs in crypto | ⚡ Scalp & swing trader | 📊 Price action lover | 🎯 Hunting setups daily
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.