NWCUSDT My gem is near ATH & aims at doubling its price at least
I haven't kept it a secret that I am a big NWC fan. I don't just see enormous value on this coin in the long-term due to the right fundamental steps the team takes, but also on the short-term as I see patterns that can be easily taken advantage and offer at least 100$ profit! Such as the one I will analyze today!
** Technical analysis **
First of all, I have used the very reliable Fibonacci Channel on a +0.786 interval which has turned out to be very accurate on Bitcoin. NWCUSDT is no different. As you see the 0.786 extensions capture fairly accurately every High and subsequent low.
Now, the key point on this analysis is the fact that the price is close to testing its Resistance (roughly 0.33) which is also the coin's All Time High (ATH). Every previous time a Resistance got tested, it broke within a few days. The returns have been excellent: +60% on June 10, +30% on August 31 and an astonishing +450% on August 13 after the July 26th break-out! A +30% from the current Resistance is roughly 0.43, a +60% is 0.5350 while if we repeat the +450% move then we can have 1.833 which will touch the 4.786 Fibonacci extension!
Why I believe the Resistance will break technically? Because the very reliable LMACD indicator is having a similar pattern as those of May and July before the break-outs.
** Fundamental analysis **
Perhaps the strongest reason though that makes me believe that the Resistance will break, is fundamental. Like I said, the company is taking the right steps, announcing the release of the NWC app. Key features: AI Based rating of 6000 Crypto, Multiple portfolios overview, In-app rewards, Crypto gamification. So far in 3 days the app has +10000 registers, expecting +1M downloads!
I am personally very excited with this prospect, having a significant portion of my crypto portfolio there. Buy and pick your target! 0.43, 0.5350 or 1.833!
** 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 ==> johnmcal3
** Technical analysis **
First of all, I have used the very reliable Fibonacci Channel on a +0.786 interval which has turned out to be very accurate on Bitcoin. NWCUSDT is no different. As you see the 0.786 extensions capture fairly accurately every High and subsequent low.
Now, the key point on this analysis is the fact that the price is close to testing its Resistance (roughly 0.33) which is also the coin's All Time High (ATH). Every previous time a Resistance got tested, it broke within a few days. The returns have been excellent: +60% on June 10, +30% on August 31 and an astonishing +450% on August 13 after the July 26th break-out! A +30% from the current Resistance is roughly 0.43, a +60% is 0.5350 while if we repeat the +450% move then we can have 1.833 which will touch the 4.786 Fibonacci extension!
Why I believe the Resistance will break technically? Because the very reliable LMACD indicator is having a similar pattern as those of May and July before the break-outs.
** Fundamental analysis **
Perhaps the strongest reason though that makes me believe that the Resistance will break, is fundamental. Like I said, the company is taking the right steps, announcing the release of the NWC app. Key features: AI Based rating of 6000 Crypto, Multiple portfolios overview, In-app rewards, Crypto gamification. So far in 3 days the app has +10000 registers, expecting +1M downloads!
I am personally very excited with this prospect, having a significant portion of my crypto portfolio there. Buy and pick your target! 0.43, 0.5350 or 1.833!
** 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 ==> johnmcal3
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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