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NWCBTC

Newscrypto - NWCHello everyone We are looking at the daily Newscrypto chart. NWC has been in the descending channel for a long time. We can also see that the double top was formed and NWC it's way to test the resistance of the downtrend line. The resistance was finally broken when Newscrypto project announced its first of a kind staking event with KuCoin. So fundamentals are strong for this one. Moving forward we can see that NWC also formed a bullish flag right on top of the historical resistance line. A bullish flag is a strong bullish indicator. Also, the event on KuCoin will happen this Friday June 12th and we can expect strong buying pressure. Both technical and fundamental analysis is suggesting that NWC should rise. I would say that this is an excellent entry point.
Long
by LuckyTradez
4
On the move? NWCOk, so this is the approx 60 days NWC ride as seen on the graph. The April downtrend has ended and the price hit what looks like the lowest possible here (see the Blue line which is the major NWC support). Chart explanation and what to look after: 1. Crossing the green line + considering the recent increase in volume could lead us to another scenario like the one from 1 month ago 2. Look at the horizontal red lines, i expect NWC could have some problems breaking them LONG signs which are not yet priced in the graph: 1. NWC partnered with KuCoin exchange with the goal to empower blockchain and crypto mass adoption (NWC services will soon be used globally) 2. Platform update which has been announced and is coming up in next 14 days: new trading features, blog with support, updated look... 3. Among holder program and benefits for holders, there's also an ongoing trading competition which can be a cause for the next move. I'm buying more and coming back to this thread in one month! Let's see what happens.....
Long
by Cinesiusss
2