Newscrypto (NWC) - new ATH, bull flag confirmedHey again
If you followed my prediction from a few days ago you made over 50% profit!
Newscrypto announced a new KuCoin event yesterday and bullish flag was confirmed! NWC also reached new ATH at the 0,048! What an amazing performance by NWC.
Looking at the hourly chart now, we can see that once again, bullish flag started forming, guess what, history will repeat itself. Since there are no resistances here, once the event starts i dont expect any selling pressure.
Also, RSI is oversold at the moment which is another great indicator that this is an excellent entry point. KuCoin event will start on Friday, June 12th and that is where i expect the price to explode again.
Lets see if NWC can make new ATH in the next week.
NWC
Newscrypto - NWCThe project has a huge event on 12.6 Supported by Kucoin. Also, Kucoin is supporting newscrypto school (academy) so people learn basics and advance trading techniques and get rewarded for it. So fundamental is a really strong and fair project. The project also has a token burning system, which will bring to organic growth.
Technical analysis - we can see a global falling wedge whose resistance line we broke. we are now in the supply zone, we can also see how we tested the support level several times - this is an excellent entry point for swing trading.
Best regards EXCAVO
Newscrypto - NWCHello everyone
We are looking at the daily Newscrypto chart. NWC has been in the descending channel for a long time. We can also see that the double top was formed and NWC it's way to test the resistance of the downtrend line.
The resistance was finally broken when Newscrypto project announced its first of a kind staking event with KuCoin. So fundamentals are strong for this one.
Moving forward we can see that NWC also formed a bullish flag right on top of the historical resistance line. A bullish flag is a strong bullish indicator. Also, the event on KuCoin will happen this Friday June 12th and we can expect strong buying pressure.
Both technical and fundamental analysis is suggesting that NWC should rise.
I would say that this is an excellent entry point.
NWC, Buy opportunityNWC has been underperforming for a while now and was in a downtrend channel for a while, however, since their announcement of the KuCoin event happening this friday, NWC managed to break the channel and 3 resistance levels.
It stopped at the 0,02745 usd and it was rejected a couple of times. As you can see NWC formed a bullish flag which indicates that the uptrend will continue as soon as the first candle breaks out of the "flag".
I suggest going long here because i dont see this resistance holding NWC for a long time.
NWC buy opportunity!NWC has been trading in the downtrend for a while now.
However today they announced a new event that requires people to buy NWC.
They already did that once, look at what happened, I have marked it with a pink circle on your left.
Take a look at the second marked pink circle. I'm guessing that the long green candle is aready a consequence of the event.
If this event will be as big as the previous one, we can easily reach target 3, maybe even higher.
I suggest going long on this one.
On the move? NWCOk, so this is the approx 60 days NWC ride as seen on the graph.
The April downtrend has ended and the price hit what looks like the lowest possible here (see the Blue line which is the major NWC support).
Chart explanation and what to look after:
1. Crossing the green line + considering the recent increase in volume could lead us to another scenario like the one from 1 month ago
2. Look at the horizontal red lines, i expect NWC could have some problems breaking them
LONG signs which are not yet priced in the graph:
1. NWC partnered with KuCoin exchange with the goal to empower blockchain and crypto mass adoption (NWC services will soon be used globally)
2. Platform update which has been announced and is coming up in next 14 days: new trading features, blog with support, updated look...
3. Among holder program and benefits for holders, there's also an ongoing trading competition which can be a cause for the next move.
I'm buying more and coming back to this thread in one month!
Let's see what happens.....
NWC huge volume, preparing to break outHi guys.
As last time, NWC coin did something as expected so based on chart I think it is preparing for some big moves.
I see huge buy volume spikes which indicates further growth.
A project just announced official partnership with KuCoin, so that could give them recognition among their usersbase.
Let's see how NWC will react.
NWC going wildWow NWC grew a lot today!
As you can see I like drawing channels, can't help myself, but look at this chart!
NWC has broken a quite a few resistance lines, can we hope for more? The trend line seems to be holding for now.
If we reach target 3 we can officially say that this token has recovered from the whole Corona situation.
I will keep an eye on this for a few days now. Fingers crossed.
NWC went parabolic NWC-BTCNWC coin had a nice rally in the early spring but lost the steam later.
I've read that newscrypto team is preparing some major events (stakings, marketing), and that gave me a green light to go in this position.
NWC broke the downtrend resistance and there is little obstacles to go full parabolic. Since the project has a solid working product (a platform) and strong community, I think that
this is the right time to buy.
BTCUSD 1HHey traders.
My first post here and still learning TA, be gentle.
In my opinion, we are in an uptrend channel at the moment, however, we are slowly coming to the crucial point. If the candle closes below the orange trend line we will fall down to the purple support line.
Hopefully, the candle does not close below the trend line and we stay in the channel.
My opinion is that we will not fall 5800 again, let's wait and see.