NWC Trading WebNews crypto is an altcoin that in this bear market is showing strength especially against BTC. This is good, especially for the macro. Having said that it all can change very quickly we must pay attention to the support and resistance lines in the price and the RSI to really get a better grasp on the macro.
The trading web is an idea I have made from a couple years back on a couple other coins that had very good success. Basically it's the support and resistance areas of price action going up and going down, they eventually cross each and look like a spiders web, hence the name.
What to look for now
NWC must close and hold the weekly above 322 sats and the RSI above 38. That shows strength and the likeliness of making a higher high this year is much more likely.
NWC mobile platform.
I personally use the platform and really like it, with still lots of new addons coming in the future this platform will be very big IMO. Check it out on your device, I'm using the Android version.
I will periodically update the chart when there is any moves of importance.
This not financial advice.
keep in mind the move could happen much earlier or not at all.
WeAreSat0shi
Stay Blessed is 2023!
NWCBTC trade ideas
Newscrypto (NWC) - Fractal - 10x by June 2022On the above 3-day chart price action has corrected over 90% since the sell signal in May 2021. Now is an excellent moment to be bullish. First off a big shout out to @bL1TZZ for alerting me on this one.
Why bullish? There’s so much going on with this chart I could talk about it for an hours..
1) The ‘incredible buy’ signal prints.
2) Price action and RSI resistance breakout.
3) Bullish divergence. Lots of it. 9 oscillators are currently printing positive divergence. (Orange circles).
The Fractal -
4) Price action resistance broke out on March 17th. This happened 1 year ago exactly on March 17th 2021! What??
The dollar chart is just as bullish with a ‘incredible buy’ printing on the 5-day chart (below).
Is it possible for price action to fall further? For sure.
Is it probable? Very unlikely.
Target? 10x as before like last year.
Good luck!
Ww
PS: I’m not trading this, leave a comment below if you want an update.
5-day USD chart - “Incredible buy”
NWCBTC 1W KUCOINHere you can see the weekly trendline has been broken and we are waiting for the retest to take a buying opportunity to continue the trend to a higher price. and it can be seen on the green line chart is our TP area and you can set SL as you like
can set it to 5% for SL
Entries in white lines
#DWYOR
NWCBTC Bearish Set-upThis is a layered set-up, so the resistance zone is where we have price rejection for bears, and there is a support zone at 0.0001668, and that could cause a bounce. The target is far, but that is where I aim to get to, hopefully.
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Ideas in this page are speculative and not a financial market investment advice , please apply your own analysis and confirm it with price action.
[Educational Content] - How to trade RSI DivergencesIn this technical analysis I will go into depth on how to trade an RSI Divergence taking this beautiful textbook example here on NWC.
RSI Divergences help to mark reversal points. In this trade set-up I suggest a long position on NWC / BTC after we spotted an RSI Divergence and already have confirmed it at the horizontal level.
The horizontal level gets an insane confluence here after seeing three indicators align. First of all, the price is near the golden zone of the 0.618 fibonnaci retracement, second of all the price is near a strong horizontal zone and thirdly the price has seen a confirmed rsi bullish divergence.
*So, what are RSI Divergences*?
Regular divergences are reversal signals. When a regular divergence occurs, it indicates that the trend is strong but its momentum has weakened. It provides an early warning that a trend reversal (or at least a pull back) is likely to follow soon.
Regular divergences can be powerful and reliable entry triggers. In fact, as far as oscillators go (and technical indicators in general), regular divergences are considered the most reliable early signs of a local bottom or top.
Especially when confluence is present, regular divergences can provide “high probability” trading setups. Therefore, strategies involving divergences tend to be relatively forgiving when traded using a low Risk Reward Ratio.
For smaller marketcap coins it is also important to check fundamental principles. As you noticed over the last weeks I am a huge fan of NWC. As a trader myself, I am looking forward to the functionality that NWC will add. Interesting knowledge is that the roadmap of NWC is publicly available on their website, which means you can easily predict whenever major events are going to happen and trade accordingly. I found that in Q4 the mobile app is likely to be released, which adds to the bullish sentiment of NWC right now.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Newscrypto (NWC) - possible buy entryNewscrypto (NWC) has been moving in this sideways channel for quite some time now, retesting both support and resistance zones.
Each time it retouches on of this key zones. reversal occurs.
So now i believe we will form reversal at this level.
Buying more here. Do your own research.
NWC/BTC (New All Time High?)NWC/BTC
-New All-Time High is now confirmed for Newscrypto coin
-On Kucoin exchange, the previous price peak is at 2000 sat
-Today, a Bull flag breakout breaks the psychological resistance
-What do we expect during an ATH?
-First thing, there is no strong resistance up ahead
-Price discovery is the most scenario will happen in the next few days
-How high can it go? It will all depend on how the overall demand will enter the market
-It is hard to predict the top or the bottom of a certain asset
-But we can use the reverse Fib extension to potentially look for certain resistance areas
-psychological numbers also can be minor resistances like 2100,2200,2300, etc.
-If you are a breakout trader or momentum style analysis
-You should already start scaling in positions during its strong candle today
-If you missed this break, you can wait for a pullback entry
-There will always be an opportunity in the market
-Update new post once I see new developments
Fundamental News
-NWC Coin Wallet
"Store, receive and send $NWC using Newscrypto wallet.
The staking option will be added early November."
-Wallet Staking
"Wallet staking option will be available soon after the launch!
Official release: 25/9/2020 (or earlier)"
