The question now for buyers but those who missed the train also is what the next target will be? I’ve personally set a medium-term target of $5.00 and in the Technical/ Fundamentals Analysis below, I will explain why.
As you see on the chart, NewsCrypto is replicating the aggressive parabolic move of July – August 2020. The LMACD is close to a Cross and if it fails, it will be exactly like on August 10. The is also on the same Lower Highs break-out pattern of June – July. What followed after was a full month wave within the 3.5 – 4.00 of the Channel Up that started during the consolidation phase (blue cup). If the same pattern is repeated then NWC can easily hit +5.00.
The great news don’t stop just on the technicals but are seen on fundamental aspects as well. Here are the main highlights, all of which are on NewsCrypto’s twitter page:
– The team has already deployed a testnet version of the DeFi platform and soon everything will be optimized for the mainnet version.
– BithumbGlobal has listed NWC .
– The much anticipated AI Sentiment tool will be released on May 5th! Free for all users! Brace yourself as it predicted XRP’s closing price within 2 cents!
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