News crypto is an altcoin that in this bear market is showing strength especially against BTC. This is good, especially for the macro. Having said that it all can change very quickly we must pay attention to the support and resistance lines in the price and the RSI to really get a better grasp on the macro.
The trading web is an idea I have made from a couple years back on a couple other coins that had very good success. Basically it's the support and resistance areas of price action going up and going down, they eventually cross each and look like a spiders web, hence the name.
What to look for now
NWC must close and hold the weekly above 322 sats and the RSI above 38. That shows strength and the likeliness of making a higher high this year is much more likely.
NWC mobile platform.
I personally use the platform and really like it, with still lots of new addons coming in the future this platform will be very big IMO. Check it out on your device, I'm using the Android version.
I will periodically update the chart when there is any moves of importance.
This not financial advice.
keep in mind the move could happen much earlier or not at all.
WeAreSat0shi
Stay Blessed is 2023!
The trading web is an idea I have made from a couple years back on a couple other coins that had very good success. Basically it's the support and resistance areas of price action going up and going down, they eventually cross each and look like a spiders web, hence the name.
What to look for now
NWC must close and hold the weekly above 322 sats and the RSI above 38. That shows strength and the likeliness of making a higher high this year is much more likely.
NWC mobile platform.
I personally use the platform and really like it, with still lots of new addons coming in the future this platform will be very big IMO. Check it out on your device, I'm using the Android version.
I will periodically update the chart when there is any moves of importance.
This not financial advice.
keep in mind the move could happen much earlier or not at all.
WeAreSat0shi
Stay Blessed is 2023!
Comment:
NWC is under resistance at this time. 300 sats need to be defended and pushed back above 320 322 with a sustained close leads to a rally.
Comment:
The weekly RSI has now dropped bellow the yellow support line at 39 and most likely going to the 35 level. 35 is the previous level it bounce from. We will keep an watch this level closely .
Comment:
NWC is sitting right on bottom support. Previous breakouts have started right from these levels. This is a buy level, make no mistake about it.
Comment:
Although the price is somewhat range bound and keeps testing support, the RSI is showing a bullish divergence. The move will follow in due time.
Comment:
RSI divergence is now prevalent in the USD and BTC pairings. stay patient and buy dips our outlook is to May not Feb. NWC has also formed a double bottom at this point of divergence, very positive outlook.
Comment:
I was early to the party, but the party is now gaining traction.
Comment:
Don't be fashionable late to the party, it's just started.
Comment:
NWC is now battling with resistance. It has very quickly returned to this support line and is now meeting it as resistance. it also coincides with a support and resistance of approx. 350 to 370 sats . Getting above this area with a substantial break will lead to more upside, however it could battle here for a while before doing so. Lets keep an eye on it.
Comment:
NWC Exploded through the resistance level. What next? correction then another eventual push to break through this yellow rejection line. Once it breaks through this yellow downtrend line that has rejected it now on 2 occasions and closes above it, it will move very fast to the next one. Remember this will take weeks to settle out.
Comment:
The target of 1360 sats is still in play but it looks like June or July is more likely .
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