TheSignalyst

NWC - Potential Bullish Reversal!

KUCOIN:NWCUSDT   Newscrypto / Tether
Hello everyone, if you like the idea, do not forget to support with a like and follow.

NWC is sitting around a strong daily demand zone in blue so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: NWC is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, NWC would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

if resistance here break pump soon
+2 Reply
find out shortly seems reasonable to me
+1 Reply
TheSignalyst ProjectSyndicate
@ProjectSyndicate, amazing mate ;)
Reply
Thanks for sharing
+1 Reply
TheSignalyst P_S_trade
@P_S_trade, my pleasure brother :D
Reply
Lovely job, thanks for sharing!
+1 Reply
TheSignalyst ForexTrendline
@ForexTrendline, thank you brother!! keep it up you too here
Reply
You are a blessing to the trading world.
+1 Reply
@MaggieLuzp it is an honor Maggie
Reply