Since my last update on NWC, my crypto gem rose by more than +50%:
As I mentioned then, it was obvious that those low prices wouldn't last for long and hopefully the majority of you took advantage of that opportunity and are already sitting on excellent profit. Those who missed it, be alert as NewsCrypto is probably waving the last bull flag before the next wave that will take it to $2.00!
** Technical Analysis **
Technically the medium-term chart of the 4H time-frame shows an overbought RSI which hit a level (81.00 - 82.00) that caused a temporary top back on August 03. On top of that, the price just hit the 1.15 High of June 17, with the 0.618 Fibonacci retracement level being just above at 1.21.
Fractal wise it appears to be replicating the March 17 sequence, when after also an overbought RSI consolidation, the price pulled-back to attract more buyers on the 4H MA50 (blue trend-line) and then skyrocketed by +150% before a new consolidation took place. That could be the last buy opportunity that traders will get before the new bullish wave to $2.00, so keep that into consideration.
** Fundamental Analysis **
The NewsCrypto team continues to do an excellent job, striving to offer the best product to the customer. The latest news include the launch of V3 of the Newscrypto platform, upgrading the main product to a great extent with tons of new educational content, predictions, technical and fundamental analysis tools and much more! You can find more on their twitter.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
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As I mentioned then, it was obvious that those low prices wouldn't last for long and hopefully the majority of you took advantage of that opportunity and are already sitting on excellent profit. Those who missed it, be alert as NewsCrypto is probably waving the last bull flag before the next wave that will take it to $2.00!
** Technical Analysis **
Technically the medium-term chart of the 4H time-frame shows an overbought RSI which hit a level (81.00 - 82.00) that caused a temporary top back on August 03. On top of that, the price just hit the 1.15 High of June 17, with the 0.618 Fibonacci retracement level being just above at 1.21.
Fractal wise it appears to be replicating the March 17 sequence, when after also an overbought RSI consolidation, the price pulled-back to attract more buyers on the 4H MA50 (blue trend-line) and then skyrocketed by +150% before a new consolidation took place. That could be the last buy opportunity that traders will get before the new bullish wave to $2.00, so keep that into consideration.
** Fundamental Analysis **
The NewsCrypto team continues to do an excellent job, striving to offer the best product to the customer. The latest news include the launch of V3 of the Newscrypto platform, upgrading the main product to a great extent with tons of new educational content, predictions, technical and fundamental analysis tools and much more! You can find more on their twitter.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!