Today I have an altcoin that I believe will be one of the best performers in this bull run. I want to say this is not financial advice., but the evidence is overwhelming for me at least. I do believe it will be a lot more clear and decisive later this year.
Lets look at the chart, it's on the five day. 1 down trend has been broken 2 double bottom on the Gaussian channel 3 increased volume on rallies 4 Bullish divergence on many indicators.
Indicators from top to bottom The RSI (relative strength) is showing a fairly strong bullish divergence
The MFI (money flow) is also showing bullish divergence is in a wedge pattern. This only on the 5 day, every other time frame has a higher high.
The WT Cross (lazy bear) also showing the moves have more and more strength behind them.
These factors show me that the bottom is likely in and downside risk is fairly minimal
Why do I think it's going to do so well though?
1 There is evidence on other time frames (monthly) of heavy accumulation which I will touch upon on another chart. This says that NWC although had very strong price decline it's very likely just a corrective phase and will continue to new highs in due time. It also shows a lot of belief in coin by long term investors.
2 The platform, It has a functioning that works great. A lot of coins can't say that.
3 Staking, 70 % of the coins are staked on the network and it pays out at 25% potential.
I will add, that because of these the long term potential is very good, beyond just this bull run. Also, do your own research. Download the platform and use it. Take advantage of the staking.
Kind regards WeAreSat0shi
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7.2 cents is the likely area where NWC goes parabolic. So, to clarify, getting weekly closes above this price range and monthly will be very good conditions for price explosions!
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The next target for NWC is 33 to 55 cents before the end of the year.
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This a triple bottom, Triple bottoms are a bullish pattern
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NWC first starts slow, then moves at lighting speeds.
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This a chart of Bitcoin, does this pattern look familiar?
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NWC Chart
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It looks like NWC has trouble it needs to sort out before it's run. It could go lower in the short term.
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NWC looks like to have finally found some footing. Once these prices are gone, they will never be seen again. By may we should see 36 cent NWC.
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NWC Bigger time frame charts.
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NWC looks to have slowly turned the corner on the weekly
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Well, that didn't take long... 25%
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Ascension has begun! 36 cent target
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NWC important resistance and break out area!! TAKE A LOOK!
@WeAreSat0shi, time to go on an ALT shopping spree! Here is a few more money making gems STMX, CKB, ZIL and don't forget about some the coins that have held the top ten spots for the past cycles and recent years ADA, XLM , XRP
CBKWahoo
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I had to go with Coti over NWC as none of the exchanges I use have it listed. Coti similar price levels currently at least
RLinda
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Thanks for the quality explanation, good analysis)