AzizKhanZamani
Long

NWCUSDT Daily S/R| Bullish Divergence| POC Liquidity|Swing High

HITBTC:NWCUSDT   Newscrypto / Tether
Evening Traders,

Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target.

Points to consider,
- Bullish trend (consecutive higher lows)
- Swing high ( trend pivot )
- Daily S/R (immediate support)
- Oscillators divergence
- 200 MA support
- POC liquidity run

The immediate trend for NWCUSDT is considered bullish with consecutive higher lows. This allows us to have a bullish 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 POC (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 bullish divergence as the RSI 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 bullish is plausible with a swing high being the immediate target.

NWCUSDT on a fundamental scale also has a valid bullish 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.

Thank you for following my work!

And remember!

“Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
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Comments

This chart contains huge detailed information, that is really helpful to me. Thanks
+1 Reply
@saif-khan hope it provided value !
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Good job
+1 Reply
AzizKhanZamani AlanaAlongi
@AlanaAlongi thank you !
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NiceIdea
+1 Reply
@PolarHusk thanks bro !
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upvoted. appreciate your effort!
+1 Reply
AzizKhanZamani ProjectSyndicate
@ProjectSyndicate thank you 🙏
Reply
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