NWCUSDT on the verge of a bullish break-out above $0.50.
The Newscrypto Coin made a new Low on February 24 but is more than +40% up since then and is fast approaching the 1D MA50. With the strong projects that the NWC team has in store for us, there could not be a better time for a break above the 1D MA50, which will be a bullish signal. But let's look into both the technical and fundamental outlook in more detail.
** Technical Analysis **
As this 1D chart shows, NWC's price action since January 13 (2022), is quite similar to that of June 17 - July 26 2021. In both cases, the price is trading below the 1D MA50 (blue trend-line) and when it broke in August 02 2021, a buy confirmation emerged that reached just below the 1.5 Fibonacci extension. So far the (2), (3), (4) legs are very symmetrical, we can assume that if the 1D MA50 breaks, leg (5) will follow this symmetric pattern around 0.33 too. Leg (6) is the test of the 0.39 Resistance and (7) should be above $0.50. Even the 1D RSI patterns are so far similar.
** Fundamental Analysis **
What better news can we have, than the NewsCrypto App 3.0, which is finally live! This enables users to trade like pros with:
✅Complete market overview
✅Portfolio tracker
✅Smart alerts
✅Trading ideas
At the same time huge progress is made on the MercuryTrade, NWC's copy-trading platform, which will include the world's top traders with users being able to copy them with one tap, or become trading starts themselves. The official release will be in Q1, so there isn't much time left!
** Conclusion **
So where does that leave us? Well in my opinion the fractal is pretty self explanatory itself if you want to buy in a little earlier. But since NWC has been trading below the 1D MA50 since November 14, when broken, it will be all the confirmation you need to buy with odds stacked technically in your favor. Don't settle for anything below $0.55!
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** Technical Analysis **
As this 1D chart shows, NWC's price action since January 13 (2022), is quite similar to that of June 17 - July 26 2021. In both cases, the price is trading below the 1D MA50 (blue trend-line) and when it broke in August 02 2021, a buy confirmation emerged that reached just below the 1.5 Fibonacci extension. So far the (2), (3), (4) legs are very symmetrical, we can assume that if the 1D MA50 breaks, leg (5) will follow this symmetric pattern around 0.33 too. Leg (6) is the test of the 0.39 Resistance and (7) should be above $0.50. Even the 1D RSI patterns are so far similar.
** Fundamental Analysis **
What better news can we have, than the NewsCrypto App 3.0, which is finally live! This enables users to trade like pros with:
✅Complete market overview
✅Portfolio tracker
✅Smart alerts
✅Trading ideas
At the same time huge progress is made on the MercuryTrade, NWC's copy-trading platform, which will include the world's top traders with users being able to copy them with one tap, or become trading starts themselves. The official release will be in Q1, so there isn't much time left!
** Conclusion **
So where does that leave us? Well in my opinion the fractal is pretty self explanatory itself if you want to buy in a little earlier. But since NWC has been trading below the 1D MA50 since November 14, when broken, it will be all the confirmation you need to buy with odds stacked technically in your favor. Don't settle for anything below $0.55!
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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