NWCUSDT Still inside its growth channel. Potential for +$10.

2021年10月20日

My crypto-gem NWC is consolidating below its 1D MA50 for roughly 1 month and that is the reason it hasn't made its aggressive break-out yet. It is an accumulation phase but as the price is approaching the bottom of its Growth Zone (Green Channel), those low prices shouldn't last much longer. Let's look into Newscrypto's technical and fundamental highlights together.

** Technical Analysis **
As mentioned above as long as the price stays below the 1D MA50 NWC's accumulation phase will be extended. However based on its Growth Zone since its inception, long-term buyers tend to declare presence and buy heavily on the current level it's trading at. According to the previous accumulatio phases below the 1D MA50, the price consolidated for a maximum of 1.5 month before breaking again above the 1D MA50, which was the signal of the parabolic rally. We've already had 1 month of consolidation below the 1D MA50, so as you realize in the following 2 weeks the price may break upwards aggressively. That alone is a good reason to start buying on the current very low price and aim for the 4.0 Fibonacci extension of the Channel, which isa little over the key $10 mark.

** Fundamental Analysis **
This is not the only reason to be invested in the NewsCrypto Coin. As the fundamentals play a big part in the industry, the NWC team strives to keep the platform up-to-date with the latest technologies. Last Friday the revolutionary Backtesting Bot went live. The bot uses their own proprietary algorithms to automatically detect the most important patterns on the price charts of top cryptocurrencies. Apart from simply detecting the patterns, it also calculates the technical price target and looks at how many of the patterns hit it, giving the user a success rate expressed as a percentage. Next to these data you can also see the historical success rates for the chosen pattern and trading pair, which lets you see how the probability of trades taken based on the pattern changes over time. This revolutionary tool empowers every trader with the ability to test different strategies without extensive programming knowledge or wasting their precious time on incorporating data samples from charts, with a wide range of cryptocurrencies, so that it covers a variety of market conditions.

Apart from that, the team made yesterday a major update, announcing that the Stellar-Polygon Bridge will be live on Mainnet on October 29th. Definitely a major break-out for NWC!

Based on the above analyses, it becomes obvious that an upcoming price rally on Newscrypto will be backed up on both stellar technical and fundamental foundation. I don't think that anyone would want to miss out on this opportunity. The next peak can be anywhere from $10 to $16 based on the Fibonacci levels involved. Take advantage of it!



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