NWCUSDT Golden Cross on a Bottom fractal. +50% profit potential.The NewsCrypto coin (NWCUSDT) just formed the first Golden Cross (when the MA50 crosses above the MA200) on the 4H time-frame since November 09 2021. Technically that is a very bullish pattern and the fact that it took almost 5 months to print it again, adds more weight to it.
It should be no coincidence that the very same pattern was seen on August 03 2021, when NWC formed the bottom of its previous correction phase. As the chart above shows, a Bullish Flag was formed (Channel Down) straight after the 4H Golden Cross and after a short consolidation, the price rallied just above the 1.5 Fibonacci extension level, with the 4H MA200 (orange trend-line) supporting all the way up.
Even the RSI sequences of the two bottom patterns are similar. The only difference is that NWC is right now on a Channel Up as opposed to the Channel Down of the early August Golden Cross. This can possibly mean that the upcoming rally may even be stronger. In any case the 1.5 Fibonacci extension is now at 0.3830, which from the current levels represents a +50% profit opportunity within a month's time, if everything continues to play out in a symmetrical way.
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NWC
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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NWCUSDT hit a major Resistance confluence but remains supported.The NewsCrypto Coin has eventually found Support at the bottom of the Channel Down pattern I posted 2 weeks ago, and registered the first major rebound attempt since late July:
This time I will focus down on the 4H time-frame for a shorter-term evaluation along with the major fundamentals/ news of the week.
** Technical Analysis **
As the chart shows, NWCUSDT has been trading on a short-term Channel Up ever since the February 03 Higher Low and yesterday it even broke above the 4H MA200 (orange trend-line) which has been intact as a Resistance since December 01 2021. It has so far though failed to extend this momentum and break above the long-term Resistance of the 1D MA50 (red trend-line). In fact yesterday's rejection came on a major Resistance confluence as besides the 1D MA50, it is where the 0.5 Fibonacci retracement level (on log scale) is (counting as 1.0 the December 24 High) as well as the 1.5 Fibonacci Channel extension. As a result, until this Resistance Zone breaks, NWC may remain sideways, as at the same time it is supported by the 4H MA50 (blue trend-line) since February 04, which is the short-term Support level. If the price breaks above the 1D MA50, we can expect a strong gap fill to 0.5000 by the end of the month.
** Fundamental Analysis **
At the same time of this critical break-out attempt, NWC has been on strong fundamentals. A big NewsCrypto App update is just around the corner which will include among others:
- AI sentiment
- Liquidations
- Funding Rates
- Compare tool
- Upgraded Smart Alerts
- Gainers/Losers
- Synced account with web platform
- Improved UX
On top of that, the profile section upgrade on web platform is live, where you can: ✅ Edit your profile section ✅ Add followers and following ✅ See user's trading predictions.
Last but not least, the Mercury Trade, a platform powered by NewsCrypto, is expected to go live in Q1 2022, where users can copy the world’s top traders with one tap – or become a trading star themselves.
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NWCUSDT Unique opportunity for +250% profit!Welcome to my new analysis of NWCUSDT. The token doesn't just present a buy opportunity from a fundamental perspective, as every week new updates on the enhancement of its functionality emerge, but also from a technical perspective signals a green flag that we last saw in mid July 2021! But let's take things one at a time and look at both specters.
** Technical Analysis **
The NewsCrypto Coin has been trading within a Channel Down since its All Time High. Since November it has been on the bearish leg that is about to print the new Lower Low at the bottom of the Channel Down. This bearish leg is very similar to the one May - July 2021 correction both in price action and 1D CCI terms. It was the break of the 1D MA50 (blue trend-line) that effectively confirmed the rebound, so keep that in mind. The last Lower High after that bottom was priced on the 0.786 Fibonacci retracement level. Even if we set a lower, more modest target this time on the 0.618 Fibonacci around $0.700, it will still be almost +250% potential profit!
** Fundamental Analysis **
The good news don't stop on the technical outlook. The Newscrypto Team do their best to keep the platform at its best shape with new features added every week. In fact the release of the V3.0 APP update is coming in Q1 of 2022, which will offer three new data tracking Features:
🔹 Funding Rates
🔹 Liquidation Tracking
🔹 Exchange Balance
Also it was announced that their Academy Section will get expanded with Premium content soon, allowing learning in a more interactive way.
Bull or Bear, this is a unique buy opportunity on NWC towards at least $0.7000! Don't miss it!
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NWCUSDT Big buy opportunity based on the 1W MA100 and CCII have never made an analysis on the 1W time-frame for my crypto-gem, the NewsCrypto Coin. Until now I never needed to but the emergence of the 1W MA100 on the field is too important to ignore and wanted to share with you this unique buy opportunity. On top of that, major announcements have been made today, all of which I analyze below.
** Technical Analysis **
As mentioned above, the 1W MA100 (green trend-line) has emerged on the technical center stage for NWC. Since the December 13 candle, the price is finding support on the trend-line, which is key to its long-term growth. The previous Low was also made on the 1.0 Fibonacci trend-line and the 1D MA50 (blue trend-line). On top of that, the 1W CCI is printing a bullish reversal (bottom) formation (green arrow) and the pattern that follows is that of the previous consolidation phase of August 2020 - February 2021 (1 through 4 legs). Both previous CCI reversal formations ended up with huge parabolic rallies of +1600% returns. A +1600% rise from last week's low could push NWCUSDT to 6.5000.
** Fundamental Analysis **
The good news don't stop on the technical outlook. Since yesterday, the Newscrypto team has announced its listing on both the MEXC Global and the MEXC Global crypto exchanges! This will help the token gain even more exposure to news investors and traders! High liquidity is sure to follow!
If you are a long-term investor those are the news both technically and fundamentally that you need in order to invest now. Don't miss this rare opportunity for a Quarter 1 Target of $6.500!
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NWCUSDT Metaverse news & fractal can instantly boost it to 0.70!This is a short-term update to my no1 crypto gem, the NewsCrypto Coin. My last analysis was a long-term one, this time I focus on the 4H time-frame where the Metaverse news can slingshot it as high as 0.70 before the end of the year.
** Technical analysis **
Let's take a thing at a time. As you see, this is a comparison analysis between today's price action and a sequence from December 2020 to January 2021. The price legs between the two are very similar, the RSI (which is on the 1D time-frame, and is how I spotted this fractal) too and right now NWCUSDT is on leg (4) with the RSI already Double Bottomed. I expect a strong rebound above the 4H MA200 (orange trend-line) to make contact with the 0.618 Fibonacci retracement level around $0.7000 as it happened in early January 2021.
** Fundamental analysis **
The catalyst to this may be the official announcement made by the NWC team, informing the world that they are building their own Metaverse with Enjin on efinityio! So it was confirmed that the rumors I mentioned on my last analysis were true and this is certainly a huge step for Newscrypto. It is reported that the NewsCryptoVerse as they called it on their announcement will include:
- Personalized Virtual Offices
- Digital Classrooms
- Immersive Trading Simulator
- NFT marketplace
and much more!
You can find more on their twitter page and their website!
I can't hide it, I am extremely hyped over this and confident that as the new altseason emerges in 2022, it will take NWC far beyond the 0.7000 short-term target. Don't get left behind!
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NWCUSDT will bottom out in December. Huge buy opportunity.My cryptogem, the NewscryptoCoin is printing out a unique pattern on the 1D time-frame, which has previously resulted in massive rallies. At the same time, there is word in the street that NWC is preparing something big with Enjin. But let's take a more detailed look into both the technicals and fundamentals.
** Technical Analysis **
NWC on the 1D time-frame looks ready for a December bottom following last week's massive sell-off in the cryptomarket. Using the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line), which see that everytime NWC forms a 1D MA50/MA100 Bullish Cross after a Bearish Cross within a Channel Down, the price is about to kick-start its cyclical rally. Such Bull Cross formations took place on June 10 2020 and March 21 2021. Those hit (or almost hit) the 2.0 and 3.0 Fibonacci extensions successively.
Right now NewsCrypto is coming off a 1D MA50/MA100 Bearish Cross. The next Bullish Cross should act as confirmation that the new cyclical rally is about to start. However with the price being that close to the July 2021 Support, would you want to wait until the Bullish Cross with the price most certainly higher than today? I don't. This is technically a unique buy opportunity for this coin.
** Fundamental Analysis **
As mentioned above, the word is out that the NewsCrypto team is preparing to build something with Enjin. If I had to take a guess, based on the team's innovative nature towards new technologies and with social media, education in particular, that would be something involving Metaverse or some other platform. If the rumors are indeed confirmed, it would be one of the biggest steps of NWC and may work as a catalyst to accelerate the rally.
It appears that within December, NWCUSDT will start the new rally and this time the sky is the limit. Technically is should be near the 4.0 Fibonacci extension, which is currently a little over $4.50 but naturally as the rally unfolds, it should be higher. Even if this Fibonacci Higher High sequence isn't followed this time, one thing is sure, that timing is everything and in the cryptomarket in particular, timing the buy entries is of great importance. Even if the price drops a little more on the July Support, the current levels are close enough to represent an excellent buy opportunity. Don't miss it!!
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NWC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NWC is overall bullish and approaching a support zone we will be looking for buy setups on lower timeframes.
on H4: NWC is forming a channel in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NWC would be overall bearish can still trade lower inside the green support before going up, in this case, we will be looking for new buy setups there at a better rate.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$NWC/USDT 1D (KuCoin) Parallel channel on midline supportNewsCrypto is up-trending on macro view and bullish are stepping in on that 100EMA retest, let's catch next dip!
Risk/Reward= 1:2| 1:4.3 | 1:8.1
Expected Profit= +46.39% | +99.87% | +188.23%
Possible Loss= -23.25%
Fib. Retracement= 0.702 | 0.893 | 1.117
Estimated Gain-time= 3 months
Current Price:
1.0990
Entry Zone:
1.0032 - 0.8928
Take-Profit Targets:
1) 1.3876
2) 1.8946
3) 2.7321
Stop Targets:
1) 0.7275
NWCUSDT Short-term opportunity for a quick +20% profitI rarely do short-term analyses on my crypto gem, the NWCUSDT, but this is too good to pass and want to share it with you.
** Technical Analysis **
NewsCrypto on the 4H time-frame has been repeating a very steady pattern since late September as it consolidates waiting for the huge end-of-the-year parabolic rally. As you see on the chart, every time it forms Higher Lows following a bottom after a sharp 4H drop, the price rebounds and reclaims at least the 0.786 Fibonacci retracement level. Right now this level is at 0.91350 so targeting 0.900 from the current levels would be more than +20% profit on a short-term basis.
Check also how those Higher Lows fractals are printing their own identical sequences both on the RSI and the LMACD indicators. The LMACD in particular is about to complete a new Bullish Cross formation and based on the pattern that is the start of the 0.786 Fib rally.
** Fundamental Analysis **
Technicals aren't all that matters especially in NWC's case. We all know that the coin sits behind very strong fundamentals and the team responsible is always keeping the platform up-to-date with the latest tools. Latest news include:
- Adding the finishing touches to what is bound to be the best Copy Trading Platform, the Mercury Trade! Best suited for traders who want to make money effortlessly.
- New updates coming on the DeFi Lending Platform, the Unchained Education Program, the NFT Marketplace and Trading Bots.
- New On-Chain tool providing traders with on-chain information to adapt their trading strategy and see when a trend change can take place.
- The Stellar-Polygon Bridge getting more popular and already offers trading wXLM on Polygon!
- The amount of burned tokens from Subscription fees have increased 12x since the release of v3.0 Platform update. 4 mio $NWC left to be burned until the end of 2021!
** Conclusion **
Besides the usual strong long-term fundamentals, this time NWC presents short-term traders with an opportunity to make a quick +20% profit within days. Don't miss it and buy for $0.9000!
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NWCUSDT Huge 1D Bullish Cross about to happen. Target above $10.It is about time to update my view on my crypto gem, the NewsCrypto Coin as a lot has happened recently both from a technical and fundamental perspective. We are about to witness the single strongest bullish signal that NWC prints cyclically and all that backed up by strong fundamentals. But let's see this into more detail.
** Technical Analysis **
As I mentioned, the price is about to give the single biggest bullish signal it gives in every cycle and that's the MA20 - MA50 Bullish Cross on the 1D time-frame. This happens when the shorter-term 1D MA20 (red trend-line) crosses above the longer-term 1D MA100 (blue trend-line), indicating a trend shift from bearish to bullish long-term. Especially when it comes after the Accumulation Phase in each of NWC's Cycle, it is the last strong buy signal on 1D before the price takes off.
** Fundamental Analysis **
From a fundamental standpoint, the Stellar - Polygon Bridge, Newscrypto huge breakthrough on the big stage, has been running smoothly with this presenting excellent arbitrage opportunities. At the same time the team is going along with the big Facebook news, exploring Metaverse and how NWC can be connected on it. There are small updates here and there with an upgraded version on the NWC revolutionary Backtesting Bot.
Based on the above, with NWC continuing to run on strong fundamentals, I expect the 1D MA20/50 Bullish Cross to be the last buy opportunity before the price breaks easily its previous All Time High and jump two Fibonacci levels higher. As the chart shows, every Higher High on a Cycle basis is 1.0 Fib higher. Since the May All Time High as within the 2.5 -3.0 Fibonacci extension, I expect the one on the current Cycle to be within 3.5 and 4.0. The average price on that is above $10 and that's what long-term buyers should be targeting! Don't get left behind!
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NWCUSDT Mini accumulation phase. $1.80 target mid November.I have a short-term update to make on my crypto gem, the Newscrypto Coin that may interest medium-term investors/ traders.
The coin is entering an accumulation phase of very distinct technical indicators. Initially the Ichimoku Cloud is on bullish territory while the CCI is near its Support level. All shown on the 4H time-frame. Since the start of the recent rally in July, a Bullish Ichimoku alone has indicated the start of a mini Accumulation Phase.
As you see on this chart, the current rise on Higher Highs and Higher Lows within the Fibonacci Channel shares many similarities with the one from July 21 to August 10 (so far). Chronologically NWC appears to be on the second Accumulation Phase of that sequence August 07 - 21. I consider this a strong medium-term buy signal towards the 1.5 Fibonacci extension around $1.80.
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NWCUSDT Still inside its growth channel. Potential for +$10.My crypto-gem NWC is consolidating below its 1D MA50 for roughly 1 month and that is the reason it hasn't made its aggressive break-out yet. It is an accumulation phase but as the price is approaching the bottom of its Growth Zone (Green Channel), those low prices shouldn't last much longer. Let's look into Newscrypto's technical and fundamental highlights together.
** Technical Analysis **
As mentioned above as long as the price stays below the 1D MA50 NWC's accumulation phase will be extended. However based on its Growth Zone since its inception, long-term buyers tend to declare presence and buy heavily on the current level it's trading at. According to the previous accumulatio phases below the 1D MA50, the price consolidated for a maximum of 1.5 month before breaking again above the 1D MA50, which was the signal of the parabolic rally. We've already had 1 month of consolidation below the 1D MA50, so as you realize in the following 2 weeks the price may break upwards aggressively. That alone is a good reason to start buying on the current very low price and aim for the 4.0 Fibonacci extension of the Channel, which isa little over the key $10 mark.
** Fundamental Analysis **
This is not the only reason to be invested in the NewsCrypto Coin. As the fundamentals play a big part in the industry, the NWC team strives to keep the platform up-to-date with the latest technologies. Last Friday the revolutionary Backtesting Bot went live. The bot uses their own proprietary algorithms to automatically detect the most important patterns on the price charts of top cryptocurrencies. Apart from simply detecting the patterns, it also calculates the technical price target and looks at how many of the patterns hit it, giving the user a success rate expressed as a percentage. Next to these data you can also see the historical success rates for the chosen pattern and trading pair, which lets you see how the probability of trades taken based on the pattern changes over time. This revolutionary tool empowers every trader with the ability to test different strategies without extensive programming knowledge or wasting their precious time on incorporating data samples from charts, with a wide range of cryptocurrencies, so that it covers a variety of market conditions.
Apart from that, the team made yesterday a major update, announcing that the Stellar-Polygon Bridge will be live on Mainnet on October 29th. Definitely a major break-out for NWC!
Based on the above analyses, it becomes obvious that an upcoming price rally on Newscrypto will be backed up on both stellar technical and fundamental foundation. I don't think that anyone would want to miss out on this opportunity. The next peak can be anywhere from $10 to $16 based on the Fibonacci levels involved. Take advantage of it!
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NWCUSDT +40% short-term opportunity and fundamental milestone!My gem, the Newscrypto Coin hasn't delivered so far the rally I was expecting as it followed the short-term bearish trade of the crypto market as a whole. I believe this failure is only temporary for NWC as the long-term fundamentals look stronger than ever with the company announcing an important collaboration that I will talk about in the Fundamental Section. From a technical stand-point a sold +40% profit opportunity that I want to share with you is emerging.
** Technical Analysis **
For this short-term opportunity I am using the 4H time-frame, which seems to be repeating a distinct pattern since the July 20 market bottom. As you see, when the LMACD bottoms out and makes a Bullish Cross, so does the price, and a Bull Flag follows. NWCUSDT rises to at least the 2.0 Fibonacci extension from the bottom of the Bull Flag. Right now the 2.0 extension is at 1.21325, which is slightly more than +40% higher than the current market value. Strong buy opportunity for short-term traders.
** Fundamental Analysis **
Fundamentally, the outlook for Newscrypto is even better. The company announced and finalized that they will join forces with Polygon to improve interoperability, as well as connect Polygon to Stellar. This will allow the creation of Wrapped XLM (wXLM) tokens, which will be usable in Polygon’s DeFi ecosystem.
Sandeep Nailwal, Co-Founder of Polygon, commented:
"Having XLM available on the Polygon PoS Chain means it can be used for lending, decentralized trading and any other important Defi usage. We’re happy to be working with NewsCrypto on this and other exciting new collaborations."
To note, Polygon gave a grant to NewsCrypto to develop an advanced, low-fee bridge that would connect the two ecosystems. This partnership might show NewsCrypto’s shift from its core business of educating newcomers on crypto. However, this also represents the natural evolution of NewsCrypto, as its NWC token was originally launched on Stellar.
With that, the team at NewsCrypto holds enough experience to build this interoperable platform with Stellar, connecting the XLM ecosystem to the DeFi opportunities on Polygon.
The VP Growth at Polygon, Arjun Kalsy, also said that “NewsCrypto is looking to deploy their learning solution stack and becoming a part of the Polygon network. With the newest Stellar – Polygon bridge designed and developed by NewsCrypto, the Stellar network community can now transfer liquidity and engage with Polygon’s growing ecosystem.”
In detail, the Stellar-Polygon bridge offers instant swaps and almost zero fees — thanks to the high throughput of both blockchains. It is said that this bridge is safe, as it uses decentralized multi-sig schemes and Chainlink’s Proof of Reserve. This ensures a correct balance of the swap wallets. What’s more, the system has also undergone a thorough audit by Proxima.
** Conclusion **
I have never dismissed the fact that I am a huge enthusiast of the NWC token. This time it presents opportunities both to short-term traders and long-term investors. It is not every day that a +40% trading opportunity pops up on the chart or partnerships that solidify a company's long-term outlook. This is a significant milestone for the NewsCrypto team as they pivot towards infrastructure projects.
Don't miss out!!
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NWCUSDT is on the last leg before a 10x payoff!It is no secret that the Newscrypto Coin is one of my gems, I've been a buyer since day one and it has greatly delivered. Using the simple Fibonacci extension Channel rule, I've been able to calculate roughly the tops and lows of the price action, something I've sharing with you here for a year. It is time to make my update on NWC then as since my last post (see cart below), the price formed the pump and dump sequence, which during the previous phases has been a very strong buys signal.
There are also other technical and fundamental factors backing a potential rally, with a possible 10x return, so let's jump right on to it.
** Technical Analysis **
First of all we have to mention the Golden Cross on the 1D chart that is being formed today. During the previous two parabolic phases of NWC, that was at their very start. This makes it an extremely strong buy signal. This was something I've talked about on my August 03 analysis:
So the next and most logical question is if there's a really coming, how high can it go? Well as mentioned before, "every phase appears to peak near the next +1.0 Fib on an arithmetic progression. The May 3 High was on the 3.0 Fib so it is natural to assume that the next will be near the 4.0 Fib".
Parallel to this, we can make a measurement on the pump and dump fractal. The first peaked on the 4.0 Fib extension, the second on the 6.0 Fib ext. If this is also on an arithmetic progression then we can assume the next peak will be on the 8.0 Fib ext. That meets almost perfectly the 4.0 Fib of the Fibonacci Channel. Roughly calculated that is around $13.50 so more than 10 times the current market price!
** Fundamental Analysis **
From a fundamental point of view, the Newscrypto team have been doing steps to the right direction to ensure sustainability and back this price growth. The news just came out that they've rolled out Governance where users will be able to vote on news features and developments, being an active part of the NWC machine!
Also, stay alert as the Copy Trading platform will be out soon. A sneak peek video has been shared on their twitter page, go check it out.
Last but not least, the partnership with ElrondNetwork has spurred enthusiasm to the community! Common goal is to make onboarding of both users and capital to the world’s first internet-scale blockchain easier than ever.
It becomes obvious that NWC is well backed by both strong Technical and Fundamental factors. I've been very explicit in the past about the huge potential of the NWC and will continue to do so in the future. If you buy today, a 10x return on your capital is possible. Why miss out again on this opportunity?
Please like, subscribe and share your ideas and charts with the community!
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NWCUSDT last chance to buy before $2!Since my last update on NWC, my crypto gem rose by more than +50%:
As I mentioned then, it was obvious that those low prices wouldn't last for long and hopefully the majority of you took advantage of that opportunity and are already sitting on excellent profit. Those who missed it, be alert as NewsCrypto is probably waving the last bull flag before the next wave that will take it to $2.00!
** Technical Analysis **
Technically the medium-term chart of the 4H time-frame shows an overbought RSI which hit a level (81.00 - 82.00) that caused a temporary top back on August 03. On top of that, the price just hit the 1.15 High of June 17, with the 0.618 Fibonacci retracement level being just above at 1.21.
Fractal wise it appears to be replicating the March 17 sequence, when after also an overbought RSI consolidation, the price pulled-back to attract more buyers on the 4H MA50 (blue trend-line) and then skyrocketed by +150% before a new consolidation took place. That could be the last buy opportunity that traders will get before the new bullish wave to $2.00, so keep that into consideration.
** Fundamental Analysis **
The NewsCrypto team continues to do an excellent job, striving to offer the best product to the customer. The latest news include the launch of V3 of the Newscrypto platform, upgrading the main product to a great extent with tons of new educational content, predictions, technical and fundamental analysis tools and much more! You can find more on their twitter.
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NWC - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NWC is sitting around a strong demand zone in green so we will be looking for buy setups.
on H4: NWC formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, NWC would be overall bearish can still trade lower till the green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
NWCUSDT These prices won't last as it prepares to take off!It's been quite some time since I last made a post on my gem, the Newscrypto coin, as the bottom of this phase wasn't in. However this week we've already had breakthroughs both technically and fundamentally, which I will address below.
** Technical Analysis **
The bottom wasn't in technically for one simple reason. The price had failed to break and close above the 1D MA50 (blue trend-line) on 3 separate attempts since May 19. Yesterday however marked the first day (in this phase) that NWCUSDT closed above its 1D MA50, placing it technically outside of the bearish trend. It is more likely than not that the bottom is already priced in with the late July low.
What's interesting is that the 1D Death Cross (when the MA50 crosses below the MA200) last week got invalidated by the rebound yesterday and today. This is not unusual for NWC during its phases within the Fibonacci Channel as every 1D Death Cross since its start has come after the bottom was priced in. That pattern starts an accumulation phase for the coin, the last low levels for a buy before a Golden Cross takes place and starts the new 1 month Parabolic Rise.
This means that right now is technically the most optimal level to buy NWC as these low prices won't last for too long before the Golden Cross comes. As far as Highs are concerned, every phase appears to peak near the next +1.0 Fib on an arithmetic progression. The May 3 High was on the 3.0 Fib so it is natural to assume that the next will be near the 4.0 Fib.
** Fundamental Analysis **
The technicals factors aren't the only ones moving the price higher, as the Newscrypto team makes sure that the coin stands on very strong fundamentals as well. The announcement just came out today that Newscrypto are developing a novel cross-chain liquidity solution for Polygon, the leading full-stack scaling solution in crypto! Great news indeed, bringing cross-chain liquidity to DeFi. You can check everything on their Twitter page.
Needless to say, it becomes more than obvious from the above analysis that both technically and fundamentally NWC is about to see much higher prices. What better time to buy than after a break of the 1D MA50 along with collaboration news with Polygon!
Previous analysis on NWCUSDT:
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NWC - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NWC is sitting around a strong daily demand zone in blue so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H4: NWC is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, NWC would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich