Welcome to my new analysis of NWCUSDT. The token doesn't just present a buy opportunity from a fundamental perspective, as every week new updates on the enhancement of its functionality emerge, but also from a technical perspective signals a green flag that we last saw in mid July 2021! But let's take things one at a time and look at both specters.
** Technical Analysis ** The NewsCrypto Coin has been trading within a Channel Down since its All Time High. Since November it has been on the bearish leg that is about to print the new Lower Low at the bottom of the Channel Down. This bearish leg is very similar to the one May - July 2021 correction both in price action and 1D CCI terms. It was the break of the 1D MA50 (blue trend-line) that effectively confirmed the rebound, so keep that in mind. The last Lower High after that bottom was priced on the 0.786 Fibonacci retracement level. Even if we set a lower, more modest target this time on the 0.618 Fibonacci around $0.700, it will still be almost +250% potential profit!
** Fundamental Analysis ** The good news don't stop on the technical outlook. The Newscrypto Team do their best to keep the platform at its best shape with new features added every week. In fact the release of the V3.0 APP update is coming in Q1 of 2022, which will offer three new data tracking Features: 🔹 Funding Rates 🔹 Liquidation Tracking 🔹 Exchange Balance
Also it was announced that their Academy Section will get expanded with Premium content soon, allowing learning in a more interactive way.
Bull or Bear, this is a unique buy opportunity on NWC towards at least $0.7000! Don't miss it!
I love how consistent you are with analysis of my favourite small cap. Always good to read through.
All eyes on FED today. After that let's see if we get a relief rally.
TradingShot
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@BullBros, Thank you, that's a favourite for me as well. We are at the start of this relief rally in my opinion.
TheCryptCrow
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Lol one month from now it’ll be 0.1 and you’d still say that’s a good opportunity
TradingShot
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@muhammed3g1, It went through a bear phase like the whole market. I originally suggested buying NWC since 0.03. Not my fault that you didn't enter then.
fomo_god
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@TradingShot, So set buy order at 0.03 then? Good buy when the entire crypto market is at peak bear phase sometime this year, and probably back to 0.2 in 2023 at kangaroo market and some probability it hits $1 and but it's ~600% returns at the most realistic scenario. Best play for alts after I close leverage shorts on BTC and ETH.
Mahoneyyy
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You’ve been telling us to buy this gem since 1$.
TradingShot
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@Mahoneyyy, Actually I have been telling 'you' to buy it since $0.03.
LuckyTradez
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Once the dust settles, project with strong fundamentals will bounce the hardest.
TradingShot
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@LuckyTradez, Exactly. And this project certainly has one of the strongest fundamentals set of its peers.
All eyes on FED today. After that let's see if we get a relief rally.