Evening Traders,
Today’s Analysis – NWCUSDT – breaking back into range with range low support confluence, price action has a higher probability of establishing a higher low for continuation.
Points to consider,
- Price Action Impulse
- Range Low Support (200 EMA Confluence)
- Range High Resistance (Technical Target)
- Valid Liquidity Run (Demand)
- Oscillators Respecting Trend line
NWCUSDT’s immediate price action has been impulsive from its initial liquidity run; this shows demand in the market which allows us to have a bullish bias.
The Range Low is current support that has technical confluence with the 200 EMA and .382 Fibonacci. Price Action has a high probability of respecting this level before trend continuation.
NWCUSDT’s Range High is immediate target; price breaking this key level will establish a higher high. This is indicative of strength leading into a probable trend change.
Both the RSI and Stochastics have a valid trend line that is likely to be tested. Holding this projection will keep the higher low momentum intact.
I personally have been following the project and remain bullish on the fundamental scale. The project, introducing Apple Pay integration, will allow access to over 1.4 billion devices, a step towards mass adoption.
The have also announced a NWC Wallet to the App Store, features will allow user to store, monitor and manage their tokens. Further upgrades for the wallet are for sure on the horizon such as wallet staking. NWC is on the verge of becoming a key resource for us crypto trading enthusiasts.
Overall, in my opinion, NWCUSDT is a valid swing long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
Today’s Analysis – NWCUSDT – breaking back into range with range low support confluence, price action has a higher probability of establishing a higher low for continuation.
Points to consider,
- Price Action Impulse
- Range Low Support (200 EMA Confluence)
- Range High Resistance (Technical Target)
- Valid Liquidity Run (Demand)
- Oscillators Respecting Trend line
NWCUSDT’s immediate price action has been impulsive from its initial liquidity run; this shows demand in the market which allows us to have a bullish bias.
The Range Low is current support that has technical confluence with the 200 EMA and .382 Fibonacci. Price Action has a high probability of respecting this level before trend continuation.
NWCUSDT’s Range High is immediate target; price breaking this key level will establish a higher high. This is indicative of strength leading into a probable trend change.
Both the RSI and Stochastics have a valid trend line that is likely to be tested. Holding this projection will keep the higher low momentum intact.
I personally have been following the project and remain bullish on the fundamental scale. The project, introducing Apple Pay integration, will allow access to over 1.4 billion devices, a step towards mass adoption.
The have also announced a NWC Wallet to the App Store, features will allow user to store, monitor and manage their tokens. Further upgrades for the wallet are for sure on the horizon such as wallet staking. NWC is on the verge of becoming a key resource for us crypto trading enthusiasts.
Overall, in my opinion, NWCUSDT is a valid swing long with defined risk; price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
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Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.