NWCUSDT getting very close to a bullish break-out.
My favorite coin for great long-term growth, NewsCrypto, is approaching the much anticipated technical barrier for the next price jump.
** Technical Analysis **
The growth that it has experienced since the start of the year is immense and is being achieved under certain conditions. Since May, after each market Top, the MA20 crosses below the MA50 on the 1D chart and the price starts consolidating. What follows is the reverse cross (MA20 crossing over the MA50 on 1D) which is bullish, and delivers a very aggressive rise to the next top.
Currently, NWC has formed the MA20/50 Death Cross and is consolidating in anticipation of the MA20/50 Golden Cross (which as you see on the chart is very close) that will deliver the much anticipated price jump.
Note that during those consolidation phases, the LMACD is flat making various crosses (as is currently) while the RSI never makes a Lower Low (being supported).
In conclusion, I am expecting a strong break-out to the upside within the following days with a new high on the horizon.
** 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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** Technical Analysis **
The growth that it has experienced since the start of the year is immense and is being achieved under certain conditions. Since May, after each market Top, the MA20 crosses below the MA50 on the 1D chart and the price starts consolidating. What follows is the reverse cross (MA20 crossing over the MA50 on 1D) which is bullish, and delivers a very aggressive rise to the next top.
Currently, NWC has formed the MA20/50 Death Cross and is consolidating in anticipation of the MA20/50 Golden Cross (which as you see on the chart is very close) that will deliver the much anticipated price jump.
Note that during those consolidation phases, the LMACD is flat making various crosses (as is currently) while the RSI never makes a Lower Low (being supported).
In conclusion, I am expecting a strong break-out to the upside within the following days with a new high on the horizon.
** 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 ==> TradingView
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