Don't miss the +300% profit potential on NWC. This is why.Newscrypto (NWC) has been my favorite coin this month, having already posted +300% gains in August and is currently consolidating. It can be as profitable for you too, as this consolidation is the accumulation phase for the next +300% bullish leg to 0.6500.
My technical perspective on NWC:
As you see NWCUSDT has been on a parabolic rise since the start of July. The RSI on the 1D chart clearly shows the most optimal spots to buy and sell alike.
* Since late June, it has been trading within a Channel Up and every (near) contact on the Higher Low trend-line (green arrows) is a buy opportunity. Since July 12, that matches exactly on the 1D MA20 (yellow trend-line).
* Similarly, the red arrows (on the RSI), indicate profit taking opportunities (long-term).
Right now the RSI is almost on the Higher Low trend-line of its Channel Up and the price approaching the 1D MA20, which makes it a buy opportunity. Until the RSI makes contact with its Higher High trend-line (dashed line), we can have another +300% rise, which puts my target (and where I will be taking profits) at 0.6500.
Fundamental perspective on NWC:
I am not bullish on NewsCrypto Coin just for the technical side, but also fundamentally. Earlier this month, it joined the growing number of crypto platforms to support Google Pay payments. Now, customers are able to use Google Pay to purchase NewsCrypto Coin (NWC) tokens, which can be staked or used to unlock additional tracking tools. This makes NewsCrypto one of the first platforms to offer direct cryptocurrency purchases with Google Pay.
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