Long
NWCUSDT Mini accumulation phase. $1.80 target mid November.
I have a short-term update to make on my crypto gem, the Newscrypto Coin that may interest medium-term investors/ traders.
The coin is entering an accumulation phase of very distinct technical indicators. Initially the Ichimoku Cloud is on bullish territory while the CCI is near its Support level. All shown on the 4H time-frame. Since the start of the recent rally in July, a Bullish Ichimoku alone has indicated the start of a mini Accumulation Phase.
As you see on this chart, the current rise on Higher Highs and Higher Lows within the Fibonacci Channel shares many similarities with the one from July 21 to August 10 (so far). Chronologically NWC appears to be on the second Accumulation Phase of that sequence August 07 - 21. I consider this a strong medium-term buy signal towards the 1.5 Fibonacci extension around $1.80.
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The coin is entering an accumulation phase of very distinct technical indicators. Initially the Ichimoku Cloud is on bullish territory while the CCI is near its Support level. All shown on the 4H time-frame. Since the start of the recent rally in July, a Bullish Ichimoku alone has indicated the start of a mini Accumulation Phase.
As you see on this chart, the current rise on Higher Highs and Higher Lows within the Fibonacci Channel shares many similarities with the one from July 21 to August 10 (so far). Chronologically NWC appears to be on the second Accumulation Phase of that sequence August 07 - 21. I consider this a strong medium-term buy signal towards the 1.5 Fibonacci extension around $1.80.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.