NWC - breakout!
NWC has been trading in downtrend lately, which can be a result of the BTC bad perfomance.
It has also hit the historical support level, previously resistance and it seems that the bulls are defending it very strongly.
We can see that daily candle already broke out of the downtrend (orange line) and above the support line, heading towards the resistance line. RSI indicator is also confirming that NWC is accumulating for a new run.
NWC seems to bounce of strongly of their key level and i think its ready for a new run towards ATH.
It has also hit the historical support level, previously resistance and it seems that the bulls are defending it very strongly.
We can see that daily candle already broke out of the downtrend (orange line) and above the support line, heading towards the resistance line. RSI indicator is also confirming that NWC is accumulating for a new run.
NWC seems to bounce of strongly of their key level and i think its ready for a new run towards ATH.
Penafian
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