NWCUSDT 4H Golden Cross leading it to $0.20!
Following the very accurate short-term buy signal we gave on NWCUSDT last week (see chart below), it is perhaps the most appropriate time to update our view as not only is the price technically testing the 1D MA100 (green trend-line) after a completion today of a 4H Golden Cross, but also fundamentally there are strong news empowering the project:
** Technical Analysis **
NWC easily hit our 0.073350 short-term target, offering a solid +25% profit since last week's analysis. As mentioned, it is ahead of a critical 1D MA100 test but the most important technical development is the completion of a 4H Golden Cross, which is the 4H MA50 (blue trend-line) crossing above the 4H MA200 (orange trend-line) for the first time since March 24.
As you can see on the chart, the 4H MA50 has been supporting since August 03 and that has created a Rising Wedge pattern. A break above this pattern will immediately be a break above both the 0.382 Fibonacci level as well as the key Resistance of the 1D MA100. That will be the best confirmation to buy and we will target 0.11000 (0.618 Fibonacci level) and in extension 0.2000 (previous market High and current long-term Resistance).
Any pull-back after that break-out will be a buy opportunity, as the price never looked back following the last 4H Golden Cross on its way to $0.2000.
** Fundamental Analysis **
From a fundamentals perspective, the latest news evolve around the Mercury Trade platform, the prestigious program which is adding high value to NWC. Mercury's burning event along with the $10,000 trading challenge are among the news dominating the market with specific mention also to AI updates on AI bots. In our opinion, these are strong and sure steps to the right direction for the project as a whole as the team is taking good care of assuring investors that NWC is on the right path with regards to a safe, sustainable and profitable future.
** Conclusion **
The market is giving all the right signs that a +170% is being staged and the confirmation signal will come upon breaking the 1D MA100. We have already called our target $0.20 weeks back and our perspective is unchanged. There is no better time to buy NWC than now as the price is still low.
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** Technical Analysis **
NWC easily hit our 0.073350 short-term target, offering a solid +25% profit since last week's analysis. As mentioned, it is ahead of a critical 1D MA100 test but the most important technical development is the completion of a 4H Golden Cross, which is the 4H MA50 (blue trend-line) crossing above the 4H MA200 (orange trend-line) for the first time since March 24.
As you can see on the chart, the 4H MA50 has been supporting since August 03 and that has created a Rising Wedge pattern. A break above this pattern will immediately be a break above both the 0.382 Fibonacci level as well as the key Resistance of the 1D MA100. That will be the best confirmation to buy and we will target 0.11000 (0.618 Fibonacci level) and in extension 0.2000 (previous market High and current long-term Resistance).
Any pull-back after that break-out will be a buy opportunity, as the price never looked back following the last 4H Golden Cross on its way to $0.2000.
** Fundamental Analysis **
From a fundamentals perspective, the latest news evolve around the Mercury Trade platform, the prestigious program which is adding high value to NWC. Mercury's burning event along with the $10,000 trading challenge are among the news dominating the market with specific mention also to AI updates on AI bots. In our opinion, these are strong and sure steps to the right direction for the project as a whole as the team is taking good care of assuring investors that NWC is on the right path with regards to a safe, sustainable and profitable future.
** Conclusion **
The market is giving all the right signs that a +170% is being staged and the confirmation signal will come upon breaking the 1D MA100. We have already called our target $0.20 weeks back and our perspective is unchanged. There is no better time to buy NWC than now as the price is still low.
-------------------------------------------------------------------------------
** 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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🤵Contact info@tradingshot.com t.me/tradingshot
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