NWCUSDT Triangle's accumulation sets 0.2500 target upon breakout

2023년 6월 2일

One of our top gems, the Newscryptocoin (NWCUSDT) is flashing the last early buy signal before a break-out that will lead to an April like rally. It is not just its huge upside potential and our thesis as a long-term investment but the solid latest fundamentals, call for an immediate buy, and potentially a +150% rise from the current levels. But let's take if from the top and have a look at both the technical and fundamental aspect surrounding NWC.


** Technical Analysis **
As you see, NWCUSDT has been trading inside a long-term Ascending Triangle since the March 10 market bottom. It's last Low was formed exactly on the 1W MA50 (yellow trend-line), the former Resistance of the Bear Cycle and what should now be treated as a Support.

Since that Higher Low, it entered into a short-term Triangle. With the price already twice above the 4H MA200 (orange trend-line), once the Triangle breaks, we expect an aggressive rally first to 0.19850 (Resistance 1) and if we get a closing above it, then extend to the 1W MA100 (red trend-line). Current estimates show potential contact with the 1W MA100 at 0.25000, so that's our medium-term Target.

Notice how the 1D RSI has been rising on Higher Lows, similar to the first Low of the Ascending Triangle. On both Lows, the 1D RSI rebounded around the 36.00 level.


** Fundamental Analysis **
The incredible news for NWC don't stop there. The team just revealed moments ago the first part of the New and Improved ROADMAP! This is Day 1 out of 14 and they revealed:

1. Partnerships with major exchanges, already signed and confirmed!
2. Offline and online educational programs. Doubling down on our efforts!

We such encouraging news early on, we can't imagine what NWC has in store for us in the next 2 weeks.


** Conclusion **
All this forms a very bullish mix of technicals and fundamentals that make the 1W MA100 test at 0.2500 a very plausible target on the short-term. We won't stop there and as long-term investors ourselves, will hold this gem for levels even much higher than $1.00. Stay tuned as we will be analyzing NWC's journey frequently!


-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇