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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** 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!
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! 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 ==> OCDJ
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