NWCUSD 1WNWC ~ 1W 📈
#NWC Buy Price in the accumulation zone. Make purchases gradually from this accumulation zone, with a minimum target of 20%+
Nwcusdsignals
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 getting ready for the pump of the month to $1.00!Frankly, based on the fractal analysis you see on the charts, $1.00 may be a conservative target for the NewsCrypto Coin. But it is a monumental one based on market psychology that is why I've benchmarked this on the short-term. But we also had great fundamental news two days ago, so let's break down the TA and FA.
** Technical Analysis **
As you see I focus on the Channel Up that started on March 13 after the consolidation ended and compare it with the Channel Up of July/ August 2020. The two fractals are fairly similar as on both occasions a Divergence on the LMACD (was on Lower Highs while the price was on Higher Highs) fueled the uptrend. At the same time, the 4H MA50 (blue trend-line) and 4H MA100 (green trend-line) was the Support Zone. In fact, when NWC touched the 4H MA100, the price got catapulted from 0.060 to 0.1900 and had one last peak to 0.2800 before the uptrend broke down.
At the moment, the price hasn't made contact with the 4H MA100 yet, and it is the 4H MA50 that is providing Support since March 12. This means that if the same pattern is repeated, the downside is very limited (to the 4H MA100) and we may soon get a very aggressive pump. Notice that as long as the 4H MA200 (orange trend-line) was intact, the uptrend was sustained in 2020.
** Fundamental Analysis **
Fundamentally, we couldn't have had better news for NWC this week. Just two days ago, the NewsCrypto app V2.0 was released and brought arguably much hype to the community. It can track the market with charts, alerts and widgets, offers you the opportunity to earn crypto with games and price predictions. Literally there is no need for multiple apps as we were used to.
At the same time, the company lives up to the "Be your won bank with NewsCrypto" moto, as in my opinion they continue to build the most user-centric and frictionless DeFi platform ever, aiming at the 1) Highest interest rate for savings, 2) Lowest fees, 3) No minimum investment level 4) Fastest settlement.
Such commitment doesn't go unnoticed by the crypto community and is the biggest reason why I've set a $1.00 target for the short-term and $2.50 on the longer-term.
Do not miss this potential for huge profits! The pump is right around the corner!
** 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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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
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