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
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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NWC Ready to go. Last CallHello, Nwc is looking strongly sitting on support and ready to pump really soon. I am adding bags from Nwc. Because it looks best time to buy right now.
We may not see these price again sooner or later.
Other side Nwc team is keep updating their service.
You can buy NWC via Mastercard and Visa.
Latelty They announced Apple Pay also.
What i know is they will have huge announced sooner.
So I blieve this project. I dont want to be out of this gem!
I think the price will reach the level around 0,32$
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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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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NWCUSD $2 target reached. Time for the big bucks now!If you follow me for long, then you know that the coin I've been buying strongly is NWCUSDT. My secret gem hit the $2.00 that I've set on my two most recent posts, as shown below:
The question now for buyers but those who missed the train also is what the next target will be? I've personally set a medium-term target of $5.00 and in the Technical/ Fundamentals Analysis below, I will explain why.
** Technical Analysis **
As you see on the chart, NewsCrypto is replicating the aggressive parabolic move of July - August 2020. The LMACD is close to a Bearish Cross and if it fails, it will be exactly like on August 10. The CCI is also on the same Lower Highs break-out pattern of June - July. What followed after was a full month bullish wave within the 3.5 - 4.00 Fibonacci extension of the Channel Up that started during the consolidation phase (blue cup). If the same pattern is repeated then NWC can easily hit +5.00.
** Fundamental Analysis **
The great news don't stop just on the technicals but are seen on fundamental aspects as well. Here are the main highlights, all of which are on NewsCrypto's twitter page:
- The team has already deployed a testnet version of the DeFi platform and soon everything will be optimized for the mainnet version.
- BithumbGlobal has listed NWC.
- The much anticipated AI Sentiment tool will be released on May 5th! Free for all users! Brace yourself as it predicted XRP's closing price within 2 cents!
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NWCUSDT You were warned about $1.00. Still not too late to buy!The NewsCrypto coin is doing it again. On April 03 I've mentioned $1.00 as the short-term target and yesterday's candle delivered it, which shifts my attention to the next target $2.00, as per my most recent NWC analysis:
At the moment I even see a more aggressive pattern which may exceed this target level, but I prefer to take it on a medium-term approach and break it down on a monthly basis. The fundamentals are growing wildly positive on a weekly basis and the recent news couldn't have been better. But as per my usual analysis, let's break it down to the technical and fundamental side.
** Technical Analysis **
As you see on the chart, the Divergence on the MACD worked to NWC's favor as it happened in August 2020. Whether the MACD spike that followed then will be as aggressive now, that remains to be seen. But based on the Fibonacci extension following the first Higher Low on the Channel, my $2.00 target is below the 6.0 Fib extension. On Fibonacci Channel terms it can go even higher, doubling the projected target level, but like I said, we will have time to revise upwards in the near future.
** Fundamental Analysis **
The technological advancements continue for NewsCypto. Apart from the AI Sentiment Price Prediction tool (will use machine learning to predict price movements based on sentiment scores across all media channels), last week the proprietary Strategy Design tool was announced. It will bring state of the art trading algorithms to everyone, and all that without needing to write a single line of code.
In short, the motto is ''Financial algorithms for financial freedom''!
Like I mention on the title, despite its considerable growth lately, the sky is the limit on NWCUSDT and it is not too late to buy! Don't miss this opportunity!
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NWCUSDT is closer than ever to $2.00!A combination of fractal behavior and excellent fundamental news, can finally catapult my NewsCrypto gem to $2.00. Let's break this down:
** Technical Analysis **
As per my previous analyses, the current bullish leg on NWC is repeating methodically the July-August 2020 bullish sequence. A simple fractal comparison shows that we are currently on the spot where the three MA periods are diverging (MA50, MA100, MA200) on the 1D time-frame and last time that took the price from a steady Channel Up (red shape) to a hyper aggressive rise. Assuming the overall pattern is a Channel Up (blue) then the price can meet the Higher Highs trend-line anywhere within 1.5 and 2.0!
** Fundamental Analysis **
A news catalyst is required for such a break-out. And what better news can we have than the NewsCrypto partnership with Travala! Just a few hours ago it was announced that their new partner will be adding NWC as a payment option for 3M + Hotels, Activities and Flights! What a great break-through that is in the adoption process not just for NWC but for the crypto community as a whole!
Next stop is $2.00. Are you with me on this +150% profit potential? Don't miss it!
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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!
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NWC is starting its parabolic move! $2.50 potential target.My favorite NewsCrypto Coin has started moving and the sequence resembles the June movement which was what kickstarted a massive +1500% Bull Run. On top of that, the fundamentals look stronger than ever with NewsCrypto making a ground-breaking announcement today with the addition of an extremely useful tool. But let's look at it from both a technical and fundamental perspective in more detail.
** Technical Analysis **
So as I mentioned above, this week's rise that came with its strongest LMACD push on such short time-frame ever, has many similarities with the June bounce, which after a final pull-back, paved the way for a +1500% rally. Anothe common feature is the 1D Golden Cross (MA50 crossing above the MA200) that shows the change in the long-term trend to bullish. Right now the price is on the 2.0 Fibonacci extension, which last time provided the final pull-back. So be alert for signs of retracement. If a 1D candle closes above it though, then the retracement potential may be invalidated.
The rally that followed peaked a little lower than the 6.0 Fibonacci extension. If the pattern continues to play out as then, then the 6.0 extension is a little above $2.50! So if you are a long-term trader have this as your benchmark. As you see on the chart, this conveniently falls around the 1.5 Fib extension on the long-term Fibonacci Channel.
** Fundamental Analysis **
Fundamentally NWCUSDT looks stronger than ever. The catalyst of the week is today's announcement of the AI sentiment price prediction tool as seen on Twitter. This technology collects data from Twitter and from financial news, and analyzes the sentiment in the tweets or news articles that contain a predefined set of keywords. It rates the sentiment in the Tweet or news on a wide scale ranging from fearful to enthusiastic.
Based on the collected historical data, it correlates the price movement of the underlying asset for which it searches in keywords to the determined sentiment. As enough data gets collected, the tool is able to predict price movement based on the previous movements.
When it comes to Twitter sentiment analysis, the AI also looks at the profiles that are known to have a big effect on the price change of an underlying asset if they tweet about it (eg. Elon Musk), the amount of likes, retweets and comments to determine the sentiment score. Based on the overall sentiment of the Tweets containing the keywords in a set time period, it takes an average and predicts the price movement. The same goes for sentiment analysis of the news.
It is more than obvious that those hyper-strong fundamentals/ news have come at the right time, as NWC is about to start a new parabolic rally. The wait was worth its while and in my opinion you wouldn't want to miss out on those massive gains! My target as of now is $2.5 on a 3 month horizon!
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🆓Newscrypto/USDT Analysis (3/2) #NWC $NWCNWC has conquered 0.18-0.19$ zon and is heading to 0.25$ zone, I think there is a high probability that NWC will conquer this zone and will increase strongly to 0.4$ by the end of this February
📅NEWS
👉Feb 4 : NWC App v1.0
📈BUY
-Buy: 0.18-0.19$. SL B
-Buy: 0.24-0.25$ if A. SL B
📉SELL
-Sell: 0.24-0.25$. SL A
-Sell: 0.40-0.42$. SL A
♻️BACK-UP
-Sell: 0.18-0.19$ if B.SL A
-Buy: 0.11-0.12$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
NWC ~ Sleeping giant?I was lucky enough to buy NWC before 1000% happened. I am still holding, so I decided to analyze to see if I should sell now, hold or add more to the position.
How did the 1000% happen?
Back in June Newscrypto project added a few fiat integrations like, Paypal and Google Pay, which allowed users to purchase their tokens directly off their platform. At the time that was, what I think, one of the biggest achievements of the project. The second big thing was a partnership with the KuCoin exchange. They partnered with them to promote education which helped Newscrypto gain awareness in this industry. I believe that the synergy of these announcements pushed the coin for 1000%
What will happen next?
After the push, NWC again entered the accumulation zone, where it has been now for about 4 months. How about the future? NWC project is just about to become a cross-chain token, which means that their token will be available on three chains. Why is this good? This means that they will be able to exploit protocols from Stellar, Ethereum, and Binance Smart Chain. I would assume that they decided to go for that in order to trade on DEX's. A logical conclusion here is Uniswap and then proceed to other DEX's.
The next big thing that is about to happen is their app hard launch. A crypto APP is one of their biggest products so far, which will increase NWC token utility and allow them to access "mobile traders". I added "Yet to be listed on Binance" because I would say that Binance listing is inevitable in 2021.
Now compare their plans for January&February with what they did back in June (when they pumped for 1000%), what is your conclusion? In my opinion, the $1,5 price projection is min. what they can achieve. I remain bullish and I am adding more to my position.
Comment what you think.
NWCUSDT 4h Price Outlook 29 December 2020 — PullbackHello, NWC TA requested by my followers few times, some of them said there are rumors NWC will become a multi chain token, being available on ERC, XLM and BSC — Possibly this will bring Newscrypto to DeFi, Uniswap and other DEX's!
Quick lookup on price action of the NWCUSDT pair, seems like price can make short-term pullback upside to +15-20% profits if BTCUSD will be stable for next couple of days/week. Stop loss below entry and below channel at $0.165. Make sure you following risk management, use stop loss.
NWCUSDT aiming at 0.28 short-term on great fundamentals!Newscrypto is printing a very unique sequence that was last seen in June 28 before the aggressive bull run. On top of that, the fundamentals of last week are looking solid enough to support at least a short-term push to the November High. But let's take on aspect at a time.
** Technical Analysis **
As you see on the chart, NWC has just made contact with the Higher Lows trend-line that started on the October 06 Bottom. Testing Higher Lows trend-lines are typically a sign of emerging buying strength. As mentioned, we last saw this pattern on June 28. The price tested then the Higher Lows trend-line that started on the March 18 Bottom. What followed after June 28 was a 2 month parabolic rise of +1300%. The first target of that rally was the previous High. So there is every reason to expect buyers to react this way again and aim at the previous High of 0.28. The last condition to fulfil is for the LMACD to make a Bullish Cross
** Fundamental Analysis **
Fundamentally the outlook appears to be even better for the NewsCrypto Coin as it is rumored that they will become a multi chain token, being available on ERC, Stellar and BSC. In my opinion this will open doors to Defi, Uniswap and other DEX's!
On top of that, it was announced yesterday that the official release of the NWC iOS Wallet will be 26/12/2020!
Conclusion: NWCUSDT apart from being a great long-term investment, shows excellent promise for a short-term run to 0.28. That is almost a +50% increase from the current levels! Don't miss this chance!
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NWCUSDT Daily S/R| Volume Profile| .618 Fibonacci| Price Action Evening Traders,
Today’s analysis – NWCUSDT- Trading above Daily S/R with the .618 Fibonacci in confluence,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
(.618 Fibonacci Confluence)
- Long Liquidity Tapped
(POC S/R Support)
- Oscillators Dynamic S/R
(RSI & Stochastics)
- Declining Volume
- Swing High Objective
NWCUSDT’s immediate Price Action is impulsive, acceptance above the Daily S/R allows for a bullish bias as this level has technical confluence with the .618 Fibonacci.
Price Action has also tested untapped long liquidity with the POC S/R coming in as support; this is a strong indication of Demand being present at Lower Levels.
The Volume Profile is currently declining; this is an indication of an influx being imminent, especially when testing key trade locations. An influx will lead to a volatility expansion in Price Action.
Oscillators, the RSI and Stochastics have respective Dynamic S/R’s that have topped major lows in the prevailing trend. Holding above and re-entering respective Bullish Control Zone’s will be indicative of strength,
Swing High is the immediate objective, taking this level out will maintain the Bullish Market Structure as the current Higher Lows are still intact.
Overall, in my opinion, NWCUSDT is a valid Swing Long with defined risk; Price Action is to be used upon discretion/ management.
Hope this analysis helps!
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And remember,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’