Newscrypto (NWC) - Fractal - 10x by June 2022

On 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”

Trade active

Comment:

Price action has made a near 50% move since publishing a few days ago, fantastic. Expect some profit taking. The 12hr chart is printing a 'great sell' signal.

Look for support before going long.

Trade active

Comment:

The main chart in this idea had my indicator set to 'stocks' instead of 'crypto' and gave a false IB signal. Apologies!

This is the same chart but now set to 'Crypto'

Comment:

A bearish divergence might be forming as price action nears past resistance. Notice stochastic RSI turning red?

Comment:

23 cent area on dollar chart is resistance