NEWSCRYPTO is waving a strong bullish flag!!My top coin for extreme future gains, NWCUSDT, just entered the long awaited bullish phase technically, which has always been a strong buy signal. At the same time the fundamentals continue to be strong which I will explain below.
** Technical analysis **
The Channel that took the coin lower since the late August high is testing its Lower High trend-line, as weel as the 1D MA20 (green line). This pattern has always been a bullish flag on the past three occasions but there is an important detail that triggered it. That is the LMACD bullish cross formation. As seen on the chart every time an LMACD bullish cross takes place and the price breaks above the 1D MA50 (blue line), NWC rises, and in the last two events in particular very aggressively.
It is interesting to note here that once this break-out happens, the next High is priced on a progressive sequence of Fibonacci extensions (bottom 0 is marked on the price bottom while top 1 on the high price when the LMACD bullish cross happens):
- First was 1.618, then 4.618 and the recent High at 7.618. It appears that it grows by +3.000 on every High! That of course can't be that sustainable for too long but as long as it lasts for, we should take advantage of it. I am still expecting 0.65 in the very near future!
** Fundamental analysis **
Well there can't be better news than the announcement of Apple pay. Newscrypto end-users will be able to buy $NWC with ApplePay. That way the platform simplifies crypto purchases on over 1.4 billion iOS devices. Improving UX and bridging availability are the key turning points towards mass adoption.
Are you still not invested in NWC? Wrong. Don't miss out on this unique buy opportunity. In my opinion this is a long-term investment that should be in every crypto-trader's portfolio who has the patience to wait and enjoy massive gains. Always consider weighing in your portfolio in such a way to achieve proper risk balance. NWC should be in that equation.
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