Ok, so this is the approx 60 days NWC ride as seen on the graph.
The April downtrend has ended and the price hit what looks like the lowest possible here (see the Blue line which is the major NWC support).
Chart explanation and what to look after:
1. Crossing the green line + considering the recent increase in volume could lead us to another scenario like the one from 1 month ago
2. Look at the horizontal red lines, i expect NWC could have some problems breaking them
LONG signs which are not yet priced in the graph:
1. NWC partnered with KuCoin exchange with the goal to empower blockchain and crypto mass adoption (NWC services will soon be used globally)
2. Platform update which has been announced and is coming up in next 14 days: new trading features, blog with support, updated look...
3. Among holder program and benefits for holders, there's also an ongoing trading competition which can be a cause for the next move.
I'm buying more and coming back to this thread in one month!
Let's see what happens.....
The April downtrend has ended and the price hit what looks like the lowest possible here (see the Blue line which is the major NWC support).
Chart explanation and what to look after:
1. Crossing the green line + considering the recent increase in volume could lead us to another scenario like the one from 1 month ago
2. Look at the horizontal red lines, i expect NWC could have some problems breaking them
LONG signs which are not yet priced in the graph:
1. NWC partnered with KuCoin exchange with the goal to empower blockchain and crypto mass adoption (NWC services will soon be used globally)
2. Platform update which has been announced and is coming up in next 14 days: new trading features, blog with support, updated look...
3. Among holder program and benefits for holders, there's also an ongoing trading competition which can be a cause for the next move.
I'm buying more and coming back to this thread in one month!
Let's see what happens.....