Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target.
Points to consider,
- (consecutive higher lows)
- Swing high ( trend )
- Daily S/R (immediate support)
- Oscillators divergence
- 200 MA support
- liquidity run
The immediate trend for NWCUSDT is considered with consecutive higher lows. This allows us to have a bias on the market.
Daily S/R is the immediate support, holding this level will be critical for a higher lower projection in the market structure.
The (Point of Control) represents a liquidity run (in the form of a wick), this is an indication of demand as price action closes back above the Daily S/R.
There is a valid as the puts in a lower low compared to a higher low on price action. Stochastics also present a buy cross as momentum keeps shifting up.
Furthermore Price Action at Daily S/R has confluence with the 200 MA, due to the context of Price Action, a move is plausible with a swing high being the immediate target.
NWCUSDT on a fundamental scale also has a valid case. Being recently audited by Vera Chain, they have accomplished a high rating of ‘A’.
Areas of audit included but not limited to the following, Deep Block chain Audit, Tokenomics, Reserve Funds, Road map and so on. The full report can be found through Vera Chain.
NWCUSDT has a goal of becoming the ‘Bloomberg’ of the Crypto space, definitely a use case and a niche in the market that is yet to be filled. This project greatly helps new traders that are coming into the space.
The team is very dedicated and genuinely out there to make a difference in the Crypto space – again all reflected in their recent audit.
Overall, in my opinion, for a TA and FA perspective, NWCUSDT is a valid long with defined risk. Price action is to be used upon management/ discretion of trade.
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