NWC is starting its parabolic move! $2.50 potential target.

2021년 3월 19일

My favorite NewsCrypto Coin has started moving and the sequence resembles the June movement which was what kickstarted a massive +1500% Bull Run. On top of that, the fundamentals look stronger than ever with NewsCrypto making a ground-breaking announcement today with the addition of an extremely useful tool. But let's look at it from both a technical and fundamental perspective in more detail.


** Technical Analysis **
So as I mentioned above, this week's rise that came with its strongest LMACD push on such short time-frame ever, has many similarities with the June bounce, which after a final pull-back, paved the way for a +1500% rally. Anothe common feature is the 1D Golden Cross (MA50 crossing above the MA200) that shows the change in the long-term trend to bullish. Right now the price is on the 2.0 Fibonacci extension, which last time provided the final pull-back. So be alert for signs of retracement. If a 1D candle closes above it though, then the retracement potential may be invalidated.

The rally that followed peaked a little lower than the 6.0 Fibonacci extension. If the pattern continues to play out as then, then the 6.0 extension is a little above $2.50! So if you are a long-term trader have this as your benchmark. As you see on the chart, this conveniently falls around the 1.5 Fib extension on the long-term Fibonacci Channel.


** Fundamental Analysis **
Fundamentally NWCUSDT looks stronger than ever. The catalyst of the week is today's announcement of the AI sentiment price prediction tool as seen on Twitter. This technology collects data from Twitter and from financial news, and analyzes the sentiment in the tweets or news articles that contain a predefined set of keywords. It rates the sentiment in the Tweet or news on a wide scale ranging from fearful to enthusiastic.

Based on the collected historical data, it correlates the price movement of the underlying asset for which it searches in keywords to the determined sentiment. As enough data gets collected, the tool is able to predict price movement based on the previous movements.

When it comes to Twitter sentiment analysis, the AI also looks at the profiles that are known to have a big effect on the price change of an underlying asset if they tweet about it (eg. Elon Musk), the amount of likes, retweets and comments to determine the sentiment score. Based on the overall sentiment of the Tweets containing the keywords in a set time period, it takes an average and predicts the price movement. The same goes for sentiment analysis of the news.


It is more than obvious that those hyper-strong fundamentals/ news have come at the right time, as NWC is about to start a new parabolic rally. The wait was worth its while and in my opinion you wouldn't want to miss out on those massive gains! My target as of now is $2.5 on a 3 month horizon!


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