EWT is trading aggressively at $1.1, with a strong support level at $1.16. The $3.10 target is now within reach, aided by $ZEC's impact. As momentum increases, traders should be prepared to take quick action to ride the trend to new highs.
EWT's price action is indicating a strong bullish trend, with a clear breakout above the $1.10 level. The Relative Strength Index (RSI) is also indicating a strong buying momentum, with a reading of 70. The Moving Average Convergence Divergence (MACD) indicator is also showing a bullish crossover, indicating a strong buying signal.
Traders should be prepared to take quick action to ride the trend to new highs. A long position can be taken with a stop-loss at $1.05 and a target of $3.10.
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