NWCUSDT Excellent buy opportunity for quick +25% profit!!
The NewsCrypto coin (NWCUSDT) is having a strong day so far making an attempt at the 1D MA50 (blue trend-line). The project has overall huge upside potential and our thesis is that it's a long-term investment. Regardless of the long-term, the solid latest fundamentals, call for an immediate buy, and potentially a +25% rise from the current levels. Let's have a look at both the technical and fundamental aspects of NWC.
** Technical Analysis **
As mentioned the price is making a run on the 1D MA50 today, a trend-line that has been intact since June 23, which is at the top of the mid-April Channel Down. As you can see, there is a high degree of symmetry between the current Channel Down and the one from August 24 - December 29 2022. Both had a 1D MA50/100 Bearish Cross and both fit inside a giant Rectangle pattern and with the help of the Fibonacci retracement lines, we can identify which level of symmetry we are at.
At the moment the price has hit the final Symmetrical Support Zone (green) before the bottom of the Rectangle (Support 1) and technically we should see a short-term (at least) rebound towards the 1D MA100 (green trend-line). That is an important Resistance, which on the previous Channel Down had three clear rejections. It appears that only a 1D candle close above the 0.382 Fibonacci level, accumulates high probabilities of delivering the next big rally near $0.20.
** Fundamental Analysis **
NWC isn't new to the crypto world. As mentioned its future is bright but so is its history, which since 2019 has offered amazing partnerships (Kucoin, Polygon, Travala, Gate, MultiversX, Chainlink to name a few), burned millions of NWC, made great developments on its app, entered the AI sector and eventually named no 1 educational crypto project according to Coinmarketcap.
It is in our opinion the latest 2023 developments (84M tokens locked which is1/3 of total supply,
1M in airdrops and new partnerships) that have caught the eyes of the general public and investors. The have announced that there is a new huge partnership on the horizon and I am not mentioning their MercuryTrade project that is shaking some ground already after its launch!
** Conclusion **
It is more than obvious that these strong fundamentals can be the drive behind the next rally on NWC. For the time being, the technicals are giving a strong short-term buy alert with profit potential of +25% from the current price! We are long, strong and targeting 0.073350 (potential contact with the 1D MA100 below the 0.382 Fib).
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** Technical Analysis **
As mentioned the price is making a run on the 1D MA50 today, a trend-line that has been intact since June 23, which is at the top of the mid-April Channel Down. As you can see, there is a high degree of symmetry between the current Channel Down and the one from August 24 - December 29 2022. Both had a 1D MA50/100 Bearish Cross and both fit inside a giant Rectangle pattern and with the help of the Fibonacci retracement lines, we can identify which level of symmetry we are at.
At the moment the price has hit the final Symmetrical Support Zone (green) before the bottom of the Rectangle (Support 1) and technically we should see a short-term (at least) rebound towards the 1D MA100 (green trend-line). That is an important Resistance, which on the previous Channel Down had three clear rejections. It appears that only a 1D candle close above the 0.382 Fibonacci level, accumulates high probabilities of delivering the next big rally near $0.20.
** Fundamental Analysis **
NWC isn't new to the crypto world. As mentioned its future is bright but so is its history, which since 2019 has offered amazing partnerships (Kucoin, Polygon, Travala, Gate, MultiversX, Chainlink to name a few), burned millions of NWC, made great developments on its app, entered the AI sector and eventually named no 1 educational crypto project according to Coinmarketcap.
It is in our opinion the latest 2023 developments (84M tokens locked which is1/3 of total supply,
1M in airdrops and new partnerships) that have caught the eyes of the general public and investors. The have announced that there is a new huge partnership on the horizon and I am not mentioning their MercuryTrade project that is shaking some ground already after its launch!** Conclusion **
It is more than obvious that these strong fundamentals can be the drive behind the next rally on NWC. For the time being, the technicals are giving a strong short-term buy alert with profit potential of +25% from the current price! We are long, strong and targeting 0.073350 (potential contact with the 1D MA100 below the 0.382 Fib).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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