Newton Protocol · Round 2 Goes Easy To $1.20The higher low is in now and the strong bullish breakout we witnessed just a few days ago reveals the massive force behind this pair. Traders are ready to trade.
The high volume is good because volume is needed for growth. The first jump was only a small taste of what is possible, and seeing the action as it is now, NEWTUSDT is already preparing to produce a higher high.
This is good news for a buyer now and also for the rest of the market. If NEWTUSDT is ready to move forward with strength, this means that the current retrace is over and we will see a resumption after just 4 days.
Let's get to the chart.
Notice the rounded bottom pattern. Notice the recent bullish wave and the correction that followed. The action went below 0.786 Fib. and as soon as this level hit there was a recovery. Now the day is full green and the action is happening above this strong support zone. This can mean that NEWTUSDT is ready to move short-term. A higher high move would require days and days of sustained growth to be achieved. Getting the bottom can make for a very entertaining ride.
Patience is key. Market conditions can always change.
Be ready to wait and you should do great. You have great timing for reading this now, the altcoins market is just starting a major advance and bullish phase.
Namaste.
