Newscrypto has been trading over the 0.035 resistance for almost a week.
We can spot a pattern on nwc chart, two downtrend channels already formed and a rise afterwards. Also, RSI formed a bullish divergence with indicates that the buying pressure is getting stronger after each push.
Newscrypto is also announcing partnership on friday which will definetly positively affect the price.
In my opinion, nwc will make a small correction and retest the support line that has been holding for 6 days now and than bounce off to the 0.042 resistance line. I dont see that resistance to hold for much longer, so we could see reaching the second target pretty soon.
Lets see where NWC takes us this time 😎
We can spot a pattern on nwc chart, two downtrend channels already formed and a rise afterwards. Also, RSI formed a bullish divergence with indicates that the buying pressure is getting stronger after each push.
Newscrypto is also announcing partnership on friday which will definetly positively affect the price.
In my opinion, nwc will make a small correction and retest the support line that has been holding for 6 days now and than bounce off to the 0.042 resistance line. I dont see that resistance to hold for much longer, so we could see reaching the second target pretty soon.
Lets see where NWC takes us this time 😎