NWC gained +50% since my buy signal. Still plenty of room to go!

2 Sep 2020

Only 7 days have passed when I issued the following buy signal on the NewsCrypto Coin:

The price was 0.1990 at the time and it has since breached the $0.30 barrier for a more than +50% gain.

You may think that it is too late to catch this rise but my recent Technical and Fundamental Analysis shows that this is still relatively low and at the start of a parabolic hyper wave.


** Technical Analysis **

As you see on the 4H chart, NWCUSDT is currently testing the $0.31 (roughly) High it made on August 31. If broken and the danger of a Double Top gets invalidated, then we have a strong bullish break-out case on our hands based both on the RSI and LMACD.

Since June 05, the RSI is forming small cycles where after an initial High (blue flag), it posts a Higher High (red arrow). This coincides with a Peak on NWC's price.

As far as the LMACD is concerned, shortly after the RSI's first High (blue flag), it starts turning bullish (green arrow), which as you see is the optimal buy entry. Since June 05, this technical sequence has been extremely consistent.


** Fundamental Analysis **

Big fundamental news for NWC. Today the rumours about Newscrypto and DeFi were confirmed on their official twitter page.

This info was first leaked in the telegram chat and two hours after that they confirmed the rumour with a twitter post.

Newscrypto also mentioned that they will issue an official announcement in the upcoming week, which I believe will positively affect the price.



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