NWCUSDT A medium-term trade
The NewsCrypto token (NWCUSDT) has completed a strong correction since the April 02 High, as it hit on Monday the Higher Lows trend-line for the first time since March 15. That is the line that started after the February 24 market bottom.
The correction sequence is quite similar in price action with the January 15 - 22 fractal. That formation completed its correction when the price broke above the 4H MA50 (blue trend-line) and started a Channel Up rise that hit the 0.618 Fibonacci retracement level. Even the RSIs of the two fractals seem to have a similar bottom formation.
As a result, if you are looking for a medium-term trade for April, wait and buy when the price breaks above the 4H MA50 and target the 0.618 Fib at 0.3000.
On other (fundamental) news, the NWC team announces that in collaboration with Bybit, they are releasing a new education section on Leverage Trading.
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The correction sequence is quite similar in price action with the January 15 - 22 fractal. That formation completed its correction when the price broke above the 4H MA50 (blue trend-line) and started a Channel Up rise that hit the 0.618 Fibonacci retracement level. Even the RSIs of the two fractals seem to have a similar bottom formation.
As a result, if you are looking for a medium-term trade for April, wait and buy when the price breaks above the 4H MA50 and target the 0.618 Fib at 0.3000.
On other (fundamental) news, the NWC team announces that in collaboration with Bybit, they are releasing a new education section on Leverage Trading.
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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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