Newscrypto, Forming Strong Channel, Potential On Upside Given!

23 июл. 2020 г.

Hello Traders Investors And Community, welcome to this analysis where we are looking at the pair NWC/BTC 4-hour timeframe perspective, the recent price action, the current formation, what we can expect from this pair further and what is highly important in the continuations with the fundamental base of the project behind the coin. This pair experienced recently some heavy volatile moves to the upside similar as it was seen in the past therefore there are some significant signals which I found making the further outcome potential and highly interesting for a consideration in the long-side. Besides that Newscrypto has an extremely potent fundamental base as the project is contributing a new and innovative educational platform in the crypto space to educate oneself and tools which can be applied successfully to improve trading at all.

As you can watch when looking at the chart is that Newscrypto just confirmed this important descending wedge formation which is marked in blue heavily to the upside with a protracted volatile move where it is now forming another bullish formation namely a possible bull-flag which you can watch in my chart marked in light-blue. In the bigger perspective, the coin is just moving in this huge uptrend-channel marked in black where it already confirmed several times the important upper and lower boundary. Currently, it is trading above strong support which is marked in orange where a key-level lies already established by recent price action, the fact that Newscrypto is forming another bullish formation since the first bullish formation confirmed and the consolidation above the major key-level make a continuation to the upside highly possible here.

Taking note of all these meaningful factors this coin and the purposeful project behind it have definitely a solid base to continue further and develop as it is important in the crypto space to come around with ingenious innovations to revolutionize and restructure the market environment in this manner there is either a technical nor fundamental barrier given for further potential to a continuation of growth in this project. Overall the facts speaking the manner that a new high will be reached when the coin confirmed above the bull-flag and to the upside, this high will exceed 490 satoshis, it will be highly interesting how this plays out and as the project offers a good added value to people since the educational program and tools included will never lose touch in the future and therefore the bullish continuation scenario can definitely fulfill properly the next times.

In this manner, thank you for watching, support for more market insight, have a great day, and all the best to you!
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Information provided is only educational and should not be used to take action in the markets.