NWCUSDT will bottom out in December. Huge buy opportunity.

10 בדצמ׳ 2021

My cryptogem, the NewscryptoCoin is printing out a unique pattern on the 1D time-frame, which has previously resulted in massive rallies. At the same time, there is word in the street that NWC is preparing something big with Enjin. But let's take a more detailed look into both the technicals and fundamentals.


** Technical Analysis **
NWC on the 1D time-frame looks ready for a December bottom following last week's massive sell-off in the cryptomarket. Using the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line), which see that everytime NWC forms a 1D MA50/MA100 Bullish Cross after a Bearish Cross within a Channel Down, the price is about to kick-start its cyclical rally. Such Bull Cross formations took place on June 10 2020 and March 21 2021. Those hit (or almost hit) the 2.0 and 3.0 Fibonacci extensions successively.

Right now NewsCrypto is coming off a 1D MA50/MA100 Bearish Cross. The next Bullish Cross should act as confirmation that the new cyclical rally is about to start. However with the price being that close to the July 2021 Support, would you want to wait until the Bullish Cross with the price most certainly higher than today? I don't. This is technically a unique buy opportunity for this coin.


** Fundamental Analysis **
As mentioned above, the word is out that the NewsCrypto team is preparing to build something with Enjin. If I had to take a guess, based on the team's innovative nature towards new technologies and with social media, education in particular, that would be something involving Metaverse or some other platform. If the rumors are indeed confirmed, it would be one of the biggest steps of NWC and may work as a catalyst to accelerate the rally.


It appears that within December, NWCUSDT will start the new rally and this time the sky is the limit. Technically is should be near the 4.0 Fibonacci extension, which is currently a little over $4.50 but naturally as the rally unfolds, it should be higher. Even if this Fibonacci Higher High sequence isn't followed this time, one thing is sure, that timing is everything and in the cryptomarket in particular, timing the buy entries is of great importance. Even if the price drops a little more on the July Support, the current levels are close enough to represent an excellent buy opportunity. Don't miss it!!



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